Dh9b fuelling Dubai’s start-up engine at in5

Since its founding in 2013 by Tecom Group, in5 has nurtured more than 1,100 start-ups.

- Issac John [e-mail]

Since its founding in 2013 by Tecom Group, in5 has nurtured more than 1,100 start-ups. – COURTESY: TECOM

(TECOM)

Funding raised by startups within the entrepreneurship incubator in5 has crossed Dh9 billion since its inception, reinforcing Dubai’s position as a global seedbed for innovation under its pro-start-up policy regime.

The figure was announced during the 10th-anniversary edition of Expand North Star 2025 — the world’s largest event for startups and investors being held in Dubai Harbour from October 12 to 15. It represents growth of roughly 14 per cent over the total funding raised as of October 2024.

Speaking on behalf of in5, Majed Al Suwaidi, senior vice president at Tecom Group, said: “The remarkable journey of in5’s startups past the Dh 9 billion funding mark indicates their profound impact on the innovation economy. Each success story within our ecosystem contributes to shaping a brighter global future from Dubai, in line with the overarching vision of the Dubai Economic Agenda ‘D33’. As we gather at Expand North Star 2025, we are committed to empowering the next wave of visionary entrepreneurs enriching tomorrow’s industries.”