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3/19/25, 2:10 PM Future100 initiative discusses fostering innovation in tech and - NEWSnet Waco- K03IJ
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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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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