The UAE is taking a major step to support innovation. Emirates Development Bank (EDB) has announced a $136 million boost for startups and entrepreneurs across all seven emirates. This initiative aims to strengthen the UAE’s position as a global hub for business innovation.
What the Boost Offers
The new funding is part of the EDB 360 program. Entrepreneurs can access capital without needing collateral. Business accounts can be opened in minutes, reducing delays that often slow startups.
In addition to financial support, the program connects founders with mentors, accelerators, and investors. This combination of money and guidance helps new ventures not only start but scale successfully.
Focus on Startups in UAE
Startups in UAE now have a faster and more inclusive path to growth. The initiative covers all seven emirates, including Abu Dhabi, Dubai, Sharjah, and Ras Al Khaimah.
This approach ensures that innovation is not limited to one city. Founders from smaller emirates now have access to the same funding, mentorship, and networks as those in larger business centers.
Simplifying Business Operations
One key feature of the EDB program is its focus on speed and efficiency. Entrepreneurs no longer face heavy bureaucracy when opening accounts or applying for funding.
The program also promotes collaboration. Startups can network with peers, investors, and experts to gain insights and solve problems faster. Mentorship programs provide practical guidance, helping businesses avoid common pitfalls.
Encouraging Growth and Innovation
The UAE government has emphasized that supporting startups is critical for economic diversification. By funding early-stage companies, the country fosters innovation in technology, finance, healthcare, and other high-potential sectors.
EDB 360 is designed to encourage risk-taking. Founders can experiment, test ideas, and scale without excessive financial pressure. Access to capital and advice reduces the likelihood of failure for promising ventures.
National Impact
The $136 million boost is expected to create new jobs, increase competitiveness, and strengthen the UAE’s economy. Local talent gains more opportunities, and investors gain a larger pool of innovative businesses.
By supporting startups, the UAE aims to build an ecosystem where ideas can grow quickly and attract international attention. This also helps the country compete globally for talent and investment.
How Entrepreneurs Can Benefit
Founders looking to join the program can apply online through the EDB 360 platform. The application process is designed to be simple and fast.
Once approved, startups in UAE gain access to funding, mentorship, and networking opportunities. The combination of financial and practical support creates a strong foundation for sustainable business growth.
Conclusion
The Emirates Development Bank’s $136 million initiative is more than funding. It represents a commitment to building a vibrant startup ecosystem across the UAE.
For startups in UAE, this program provides the resources, guidance, and connections needed to succeed. By opening doors to all seven emirates, the initiative makes the UAE a truly inclusive innovation hub.
For expert guidance on accessing startup funding, mentorship, and support in the UAE, contact AR Associates today.
