Startups nurtured by Dubai’s leading innovation incubator, in5, have collectively raised over AED9 billion since its launch, marking a milestone moment for the emirate’s growing entrepreneurship scene.
The announcement was made during the 10th anniversary edition of Expand North Star 2025, the world’s largest startup and investor event, taking place at Dubai Harbour from October 12 to 15. The achievement represents a 14% increase over the total funding recorded in October 2024, highlighting Dubai’s role as a global hub for innovation-driven ventures.
Majed Al Suwaidi, Senior Vice President at TECOM Group PJSC, said the milestone underscores the impact of in5’s ecosystem on Dubai’s innovation economy. He noted that each success story emerging from in5 contributes to the goals of the Dubai Economic Agenda “D33,” which aims to position the city among the world’s top three urban economies.
Since its establishment in 2013 by TECOM Group, in5 has supported more than 1,100 startups across four specialized verticals: technology, media, design, and science. Its sector-focused centers operate within Dubai Internet City, Dubai Production City, Dubai Design District, and Dubai Science Park.
At Expand North Star 2025, in5 is spotlighting its members, including Bellboy, an AI-powered SaaS platform for hospitality automation; Gainz, which links investors to vetted debt financing opportunities; and MyGatePass, which enhances visitor management through UAE Pass integration.
The AED9 billion milestone reinforces in5’s role as a catalyst for entrepreneurial growth and a cornerstone of Dubai’s innovation-driven economy.
News Source: Emirates News Agency
