The United Arab Emirates (UAE) has launched an innovative initiative called Future 100 to boost the growth of the country’s top 100 emerging companies in future economy sectors. Led by the UAE Ministry of Economy and Government Development and the Future Office, this initiative aims to promote growth, innovation, and sustainability in the UAE’s small and medium-sized enterprise (SME) ecosystem. With the support of key players like Emirates NBD, the objective is to position the UAE as a global leader in sectors that will shape the future economy.
Aligned with the UAE’s ambitious “We the UAE 2031” vision, which aims to double the country’s GDP to AED 3 trillion by 2031, the Future 100 actively involves SMEs in shaping a sustainable future. By preparing the UAE for upcoming challenges and opportunities, this initiative aims to strengthen the country’s global position.
Emirates NBD, a leading local bank, has partnered with the Future 100 initiative, emphasizing its commitment to supporting the UAE’s SME sector. Recognizing the potential of promising SMEs in driving national economic growth, Emirates NBD brings its proven track record of nurturing small businesses to the table.
To ensure the success of the Future 100 initiative, 25 partnerships have been secured, offering valuable incentives and resources to the participating companies. One of these partnerships is with the Dubai Future District Fund, which shares the goal of discovering future technology innovators. Through collaboration, the Fund aims to identify promising small and medium-sized businesses and facilitate their growth through the “Future 100” enterprises initiative.
Another significant partnership is with the Mohammed Bin Rashid Innovation Fund (MBRIF). Through this collaboration, qualified companies will have the opportunity to expedite their entry into the Accelerator Programme, gaining access to the fund’s support, mentorship, and an extensive network of investors and experts. This partnership aims to discover and nurture the next generation of tech innovators, further solidifying the UAE’s position as a global hub for innovation and entrepreneurship.
Microsoft for Startup Founders Hub has also joined forces with the Future 100 initiative, providing participating companies with AI services and expert guidance. This partnership equips emerging businesses with the necessary tools and knowledge to navigate the rapidly evolving technological landscape.
The Future 100 initiative is dedicated to nurturing 100 pioneering startups in sectors that will shape the UAE’s future economy. By supporting these emerging economic sectors, the initiative aims to enhance the country’s global competitiveness. It recognizes the achievements of the private sector and celebrates the entrepreneurial endeavors of SMEs, which play a vital role in driving national economic growth.
The signing of these partnerships, attended by influential figures such as Abdullah bin Touq Al Marri, Ohood bint Khalfan Al Roumi, and Hessa bint Essa Buhumaid, highlights the UAE government’s commitment to fostering a resilient, innovative, and sustainable economic model. It showcases the government’s proactive approach in shaping a future that aligns with the country’s long-term vision.
With the strong support of Emirates NBD and its partners, the Future 100 initiative aims to transform the UAE’s economic landscape by empowering emerging companies and providing them with the necessary resources to thrive. Through this collaborative effort, the initiative seeks to create an environment conducive to innovation, entrepreneurship, and growth.
As the UAE looks towards the future, partnerships like these will play a crucial role in shaping the country’s economic destiny. By nurturing the top 100 emerging companies and supporting their growth, the UAE is poised to become a global leader in sectors that will define the future economy. With the backing of government initiatives, financial institutions, and technology giants, the UAE is well-positioned to achieve its ambitious goals and secure a prosperous future for its people.