The Umm Al Quwain Free Trade Zone (UAQ FTZ) has officially opened SOUL (Startup One UAQ Launchpad). This new startup incubator aims to empower local and international entrepreneurs. It provides a space for high-growth, tech-focused ventures to thrive in the UAE. Moreover, the inauguration ceremony featured esteemed guests, including Sheikh Khalid bin Rashid Al Mualla, Chairman of UAQ FTZ, and Sheikh Mansoor Bin Ibrahim Al Mu’alla, Director of Ports, Customs, and Free Zone Corporation.
A Commitment to High-Growth Sectors
SOUL startup incubator is dedicated to supporting startups in critical tech fields. These include AI, Blockchain, Fintech, EdTech, PropTech, Reg-Tech, and Robotics. By fostering talent in these areas, SOUL aims to contribute to the UAE’s vision of becoming a global leader in technology and innovation. Additionally, it provides essential resources for entrepreneurs who want to establish themselves in the UAE and scale within the broader GCC market.
“SOUL’s objective is to create an innovation hub,” said Mr. Johnson M. George, General Manager of UAQ FTZ. He explained that the incubator supports startups in their journey to become key players in the UAE and GCC markets. With its structured programs, SOUL provides the resources and guidance that startups need to overcome challenges and grow quickly.
A Comprehensive Ecosystem for Startup Success
At SOUL, entrepreneurs will find various services tailored to drive success. These services include incubation, mentorship, market access, and MVP validation. Furthermore, SOUL hosts structured programs featuring workshops, networking events, and pitch days. As a result, this collaborative environment allows startups to refine their ideas and connect with potential investors.
Targeted Mentorship for Accelerated Growth
In addition to its services, SOUL’s mentorship program is distinct. It focuses specifically on startups that already have an MVP or seek validation for their business models. Dr. Hisham Safadi, founder of UDENZ and a mentor at SOUL, emphasizes this support: “SOUL offers targeted assistance to startups ready to validate or refine their business models. Consequently, this mentorship is invaluable for those looking to scale quickly.”
Aligning with the UAE’s Vision for Innovation
The launch of SOUL is a significant milestone in the UAE’s commitment to fostering a technology-driven economy. By supporting high-impact startups, SOUL reinforces the UAE’s position as a hub for innovation and entrepreneurship. It also contributes to the region’s growth and development.
Join SOUL here today and be part of this exciting journey!