New Business Incubator by Dubai SME
Lavin Nalinababu, Business Consultancy
Dubai SME has recently introduced a new business incubator named Bedayat, to promote entrepreneurship and innovation in the emirate. The initiative which has been launched in collaboration with the Sustainable City in Dubai will provide novel solutions to entrepreneurs and startups, helping them thrive in the area.
The initiative intends to provide support and guidance to SMEs, encourage investment in latest technologies in Dubai, and create an ideal atmosphere for entrepreneurial startups. There are numerous other SME-approved facilities in Dubai and the current one, Bedayat, marks the seventh such initiative. Diverse variety of services, packages, and events are included in the scheme. This will enable entrepreneurs to compete in the local market and come up with innovative projects.
The other incubators launched by the country has been successful so far; they have supported 50 incubated projects along with organizing numerous events that include training workshops and specialized programmes. Bedayat is another example that reflects on the efforts taken by the nation to promote entrepreneurship and innovation and this will contribute further to the accomplishments of the other existing incubators. It will help SMEs to develop innovations in the sustainable technology arena and convert them into commercial opportunities. Novel ideas in the fields of food technology, energy, water, building materials, transportation and waste treatment is another positive outcome expected out of the initiative.
With the help of Badayat, entrepreneurs can meet business experts from diverse fields and engage in various training sessions. Success of projects are ensured by providing the opportunity to conduct research and experiments before applying them on-ground.
The initiative aims towards a “smart ecosystem for creative entrepreneurs who believe in making cities more suitable and sustainable to live in”.
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