BITS Pilani Dubai Campus joins Dubai SME's network of incubators

BITS Pilani joins the Dubai Business Incubator Network through its partnership with Dubai SME to encourage innovation and entrepreneurship.

The Mohammed bin Rashid Establishment for Small and Medium Enterprises Development has announced that BITS Pilani Dubai Campus has joined the list of accredited business incubators in free zones.

In a statement, the foundation stated that the students joining the business incubator provides an opportunity to transform their ideas and inventions into successful companies in various economic sectors and enhance their abilities in creative and innovative thinking at an early age.

Students registered in the business incubator will be able to benefit from the Dubai Next platform, which is the first integrated digital platform for young people and people with creative and ambitious ideas of different nationalities in Dubai, with the aim of presenting their ideas to attract the necessary capital to start implementing them from Dubai based on the concept of crowdfunding.

Abdul Baset Al Janahi, executive director of the Mohammed bin Rashid Establishment for Small and Medium Enterprises Development, said:

"The foundation assumed the responsibility of leading innovation and entrepreneurship in the Emirate of Dubai. It developed well-studied strategies to support the entrepreneurship journey over the years and worked to promote creative thinking methods to come up with innovative products that solve real problems. or ideas for entrepreneurial projects."

“We are proud to be partners with BITS Pilani Dubai in supporting ambitious talents. Co-operation between government agencies and academic institutions is vital to moulding entrepreneurial talent in accordance with the global best practices in nurturing innovation,”

Srinivasan Madapusi, director, BITS Pilani Dubai Campus, emphasized on the role of universities to make students market ready by providing hands on training in technical as well as non-technical skills. He said that entrepreneurial skills are gaining importance not only for those who are interested in start-ups, but also in the corporate and industry sectors.

"BITS Pilani, with its vibrant entrepreneurial ecosystem, works in line with the vision of the UAE government to encourage innovation and start-ups,"

“BITS Pilani alumni have been at the forefront in wealth creation through start-ups. Today our entrepreneurial ecosystem is taking a leap forward by joining the Dubai Business Incubator Network through our partnership with Dubai SME as a certified business incubator. This partnership will transform the university into an entrepreneurial hub by supporting students with access to mentors, business experts and legal advisors, thereby creating new opportunities for our student entrepreneurs to make significant contributions to the intellectual capital and wealth of Dubai and the UAE”.

The establishment of the Business Incubator aims to encourage tech start-ups and transform the university into an entrepreneurial hub, which aligns with the sixth article of the Fifty-Year Charter of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE and Ruler of Dubai to transform universities into free economic and creative zones.

News Source: Khaleej Times