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Dubai Next is Dubai’s first digital crowdfunding platform launched by His Highness Sheikh Hamdan bin Mohamed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Committee, earlier this year. It has rapidly developed into A catalyst for innovative companies in emerging markets. The meeting point for industry and innovators and the wider community to share the benefits of entrepreneurial financing.
This digital platform was launched in May 2021, and recently achieved another success-it was the third within three months of its launch-at that time, the Arabic language learning project Takween successfully ended a project to raise funds through crowdfunding. Funding activities. Takween follows Padel 26 and Vemudra, both of which were successful earlier on Dubai Next.
As a gradual step to bring start-up capital and the benefits of digital technology to innovators, entrepreneurs, investors and society, Dubai Next allows entrepreneurs to create events online and seek funding from contributors to turn their ideas into reality. The non-profit platform operated by Dubai SME is the agency of the Dubai economy responsible for the development of the SME sector and is open to all nationalities and age groups in the UAE.
In recent months, there has also been a surge in Dubai Next’s activities and contributors. The platform currently has 226 contributors, up from 59 in July 2021, and the number of activities created on the platform during the same period has also increased by more than 0%. Dubai SMEs encourage more contributors to join and support live events on the platform, which enables individuals and institutions to become part of innovative enterprises, which will have a significant impact on the social development and economic diversification of the UAE.
“It turns out that Dubai Next is the next big opportunity for Dubai’s aspiring and ambitious startups. As a broad platform, Dubai Next creates a sustainable growth ecosystem and social network for startups to raise funds. Digital crowdfunding The platform is becoming the engine of social and economic development, and it is also the strategic goal of Dubai to become a global entrepreneurial center,” said Abdul Baset Al Janahi, CEO of Dubai SMEs.
“Takween’s successful fundraising experience on Dubai Next is not only inspiring for the startup community, but also a testament to the great potential of Dubai’s creative concept. We are happy to support Takween’s development and make it an innovative startup that will be part of the Expo 2020 One,” Al Janahi added.
Takween was created by Saudi entrepreneur Lujain Alfaraj to make learning Arabic letters a fun experience by using a set of modular magnetic blocks. Alfaraj, a brand professional and designer who is particularly interested in Arabic, came up with an innovative learning concept after her son refused to take Arabic lessons in kindergarten, and chose crowdfunding instead of the traditional funding model because she believed Her brand is firmly rooted in the community.
“As a mother and a designer, I need to create a positive Arabic learning experience for my children,” Alfaraj said, adding that the crowdfunding campaign allowed her to get closer to her community and engage them Our journey and get support. In addition to finances, if she chooses to raise funds in the traditional way, it is impossible.
“It is great to see that the crowdfunding platform in our region originated from Dubai. Dubai Next is located in Dubai and is part of Dubai SME. This fact makes project owners and contributors feel comfortable to a certain extent. There is a huge demand. As our world becomes more and more global, we need to make room for Arabic and nourish it. We invite everyone to visit us at the Expo and explore the beauty of Arabic,” Alfaraj said.
Dubai SMEs are attracting creative talents from all walks of life, including students and potential contributors in Dubai’s next step, through awareness training and induction training.
Individuals or companies can contribute to Dubai Next’s activities. Contributors can choose from a variety of unique rewards provided by event owners. If the event fails to reach its goal, the donation amount can be refunded. Event owners maintain 100% ownership of their projects. The Dubai NEXT platform cannot be used to provide equity or financial returns.
For more information about Dubai Next, please visit https://dubainext.ae
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