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The Dubai Silicon Oasis Authority (DSOA) has announced that it will set up an entrepreneurship centre, which will be located within the freezone technology park Dubai Silicon Oasis
The Dubai Technology Entrepreneurship Centre (DTEC), touted to be the largest entrepreneurship centre in the MENA region, will be launched in Q1 2015 and spread across 3,600 square metres, DSOA said.
The centre will provide existing and emerging high-tech entrepreneurs and start-ups with an environment that supports entrepreneurial activities and boosts the creativity of talented technology enthusiasts, the company added.
William Chappell, CFO of DSOA, said, “At DSOA, we continuously make all the efforts to introduce innovations that enable entrepreneurs to take their ideas to the next level, and DTEC is a positive step in that direction. We are confident that the launch of DTEC will prove beneficial to the economy as a whole through integrating local and regional talent into the country’s workforce and supporting individuals and teams in turning their ideas into reality.
“With the full support of DSOA, DTEC will become the largest entrepreneurship centre in the MENA region.”
Earlier, DSOA built a technology innovation centre called Silicon Oasis Founders in April 2012, which offered emerging entrepreneurs an opportunity to advance their business through providing consultancy, mentoring, workspace facilities and networking opportunities.
So far, SOF has supported more than 200 entrepreneurs with their business plans, invested financially in four businesses, and is in the process of investing in two additional companies. It is also expected to grow the portfolio of technology companies receiving financial support further during 2014, said DSOA.
Chappell added that the organisation has gained significant insights and experience into entrepreneurial requirements and felt confident to support independent ventures in Dubai.