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3/19/25, 1:30 PM Future100 initiative discusses fostering innovation in tech and - The Podcast Park
Discussions revolved around key topics such as artificial intelligence, emerging technologies, tech-driven entrepreneurship, the
future of SMEs, innovative investment strategies, the role of innovation and technology in financial models, and mechanisms to
support SMEs in expanding within the new economy. Additionally, the sessions highlighted the critical role of female entrepreneurs
in generating tangible positive impacts on society and the national economy.

Speaking at the opening session, H.E. Alia Al Mazrouei emphasized that the Future100 initiative has become a key enabler for the
growth of the UAE's new economy. The initiative aims to accelerate the growth of high-potential SMEs in key future economy
sectors and support their expansion into regional and global markets.

She highlighted that thanks to the UAE's visionary leadership, the country has successfully established a competitive legislative
framework that attracts entrepreneurs and startups worldwide, providing the necessary initiatives and enablers for their success.
SMEs currently account for 94% of all businesses in the UAE, with 25,000 SMEs founded by Emirati youth in 2024 alone. The UAE
is home to over 50 government and private business incubators and accelerators, contributing to its recognition as the best global
destination for business and economic activities in 2024, according to the Global Entrepreneurship Monitor (GEM). The UAE also
ranked first globally in the GEM Entrepreneurship Index for 2023-2024 for the third consecutive year, excelling in key indicators
such as financing, market accessibility, and government support.

H.E. Al Mazrouei underscored that developing national entrepreneurship is a strategic priority for the UAE. It forms a core pillar of
the country's economic agenda, led by the Ministry of Economy, in collaboration with federal and local government entities, the
private sector, and academic and research institutions.

She outlined the UAE's new entrepreneurship ecosystem initiatives, designed to enhance the country's competitiveness and
increase the success rate of entrepreneurs from 30% to 50% by the next decade. Notable initiatives include Riyada Fund, which
allocates AED 300 million to support entrepreneurial ventures and the UAE Entrepreneurship Council, which aims to unify national
efforts to accelerate SME growth and strengthen collaboration between key stakeholders. In this context, she encouraged
entrepreneurs and startups to leverage these enablers and incentives, along with the Future100 initiative.

The Future100 session concluded by highlighting inspiring investment stories from companies in the Future100 initiative, where
entrepreneurs reviewed their investment journeys and the strategies that enabled them to obtain funding and accelerate their
growth. The stories presented emphasized that investment opens new horizons for success and paves the way for achieving
distinguished achievements in an advanced economic environment.

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For the original version on 24-7 Press Release Newswire visit:
https://www.24-7pressrelease.com/press-release/520159/future100-initiative-discusses-fostering-innovation-in-tech-and-sustainable-ventures-and-enhancing-uaes-entrepreneurial-
ecosystem

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