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the United Arab Emirates has unveiled a groundbreaking new initiative designed to accelerate the growth of small and medium-sized enterprises (SMEs) with a focus on social and environmental impact. “Majara Port 50,” launched by Majara – the National Fund for Social obligation – in partnership with the Community Contributions Authority (Together) and the Dubai Community Contributions platform (jood), aims to redefine entrepreneurship support within the nation.
This initiative arrives as part of the broader “The Emirates is the entrepreneurial Capital of the World” campaign, spearheaded by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President of the UAE, Prime Minister and Ruler of Dubai. The campaign underscores a national commitment to fostering entrepreneurship not merely as an economic driver, but as a core pillar of national development.
Why was Majara port 50 launched?
“Majara Port 50” was launched to address a gap in support for socially and environmentally conscious startups. the UAE aims to become a global entrepreneurial hub, but recognized that businesses focused on positive impact often struggle to secure funding and scale. The initiative seeks to bridge this gap by providing specialized resources and connections.
A New Model for Entrepreneurial Support
According to a statement from the majara Fund’s Executive director, Sarah Shaw, “Majara Port 50” transcends the limitations of traditional incubator programs. It is envisioned as an “integrated training studio” – a dynamic workspace, a central knowledge hub, and a vital connection point between entrepreneurs and potential investors. The port will equip emerging businesses with the practical tools needed to refine their concepts and construct scalable buisness models.
“We aim to accelerate the growth of small and medium-sized companies, and transform innovation into an economic value with a sustainable impact,” Shaw explained, emphasizing alignment with the UAE’s strategic goals of economic diversification and responsible innovation.
Who is involved in Majara Port 50?
The initiative is a collaborative effort led by Majara (the National Fund for Social Responsibility), in partnership with the Community Contributions Authority (Together) and the Dubai community Contributions Platform (Jood). Collider Studio is a key partner providing support to startups. Early participants include ventures like HeroGo and Thiqa, and the program will integrate startups from various national initiatives and incubators across the UAE.
Prioritizing Impact-driven Startups
A key differentiator of “Majara Port 50” is its deliberate focus on startups addressing social and environmental challenges. These ventures, while often highly innovative, frequently encounter obstacles in securing funding. The initiative’s methodology deliberately combines commercial viability with positive impact, opening new avenues for investment in sustainable solutions.
“Our philosophy, which integrates economics with social responsibility, has made the initiative a different model in supporting entrepreneurship,” one analyst noted.
What does Majara Port 50 offer?
“Majara Port 50” offers a extensive suite of support services, including a dynamic workspace, a central knowledge hub, and connections to potential investors. it provides practical tools for refining business concepts and building scalable models. The program specifically targets startups addressing social,environmental,and cultural impact,offering specialized guidance and resources.
Expanding the Entrepreneurial Ecosystem
To bolster this vision of a comprehensive entrepreneurial ecosystem, Majara has forged a partnership with
