Emirates Development Bank EDB, the financial engine of the UAE's economic diversification efforts, launched a series of financing solutions and support initiatives for startups and mSMEs, as part of "The Emirates: Startup Capital of the World" national campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to strengthen the UAE's position as a leading global hub for entrepreneurship.
A comprehensive suite of programmes and initiatives aim to empower Emirati youth ventures, stimulate innovation and contribute to the diversification of national economy.
The campaign is designed to accelerate entrepreneurship across all seven emirates by providing founders with faster access to financing, digital onboarding tools, mentorship programmes and accelerator pathways. Through EDB 360, the Bank's digital platform, entrepreneurs will be able to open business accounts in minutes, apply for financing without traditional collateral barriers and connect with ecosystem partners who can support them in launching or scaling their businesses.
