By Neil King
Dubai SME’s Business Incubation Centre turns more than 100 projects into solid business within three years.
More than 100 projects have been turned into solid businesses by joining Dubai SMEs Business Incubation Centre (BIC).
Entrepreneurial start-ups have been supported by BIC since 2002, with more than 100 graduating between 2010 and 2013, primarily from the UAE’s commercial, professional and service sectors.
BIC was set up as a strategic component of the entrepreneurial development ecosystem that Dubai SME seeks to create, and features a range of programmes led by industry experts to help entrepreneurs overcome hurdles and turn their ideas into fully-fledged businesses.
CEO of Dubai SME, Abdul Baset Al Janahi, said: “The Business Incubation Centre serves as a complete hub for local entrepreneurs, helping them express and develop their business ideas, turn them into projects and navigate through the challenges of the early stage development. We are proud of its success in qualifying over 100 entrepreneurs during the last three years.”
“The BIC represents a suite of services that inspires entrepreneurial talent and helps entrepreneurs maintain focus as they move through the various stages of establishing a viable business. Entrepreneurs supported by the BIC have easy access to a vast network of experts and mentors who assist them at each stage.”
BIC offers business assistance including basic planning, access to infrastructure, financial and accounting management, business development strategies and human resource management. It also gives entrepreneurs exposure to marketing techniques, pricing strategies and best practices, as well as opportunities for networking, capability development and administration support.