UAE's 'Future 100' Initiative to Support 100 Startups

(WAM) In line with World Futures Day, the Ministry of Economy and the Government Development and the Future Office launched the "Future 100" initiative, aiming to support 100 startups in new sectors that will shape the future economy of the UAE.

The initiative will annually highlight the top 100 startups that will promote the UAE’s readiness for the future and the competitiveness of the future economic sector in the UAE.

The initiative aims to support startups that contribute to the national economy, as one of the main goals on the UAE government agenda as well as by annually celebrating the top 100 startups that contribute to enhancing the competitiveness of the UAE’s future economy.

In addition, it touches upon the UAE's position as the leading land of opportunities, incubating distinguished global talents in varied future sectors. It also aims to boost the UAE’s position as a global hub for innovation, top-notch technologies and entrepreneurship, leveraging the UAE's digital infrastructure, which is considered the best in the MENA region. Within the initiative, the UAE presents various benefits and incentives to young entrepreneurs enabling them to establish futuristic startups and develop their companies into becoming international businesses.

The United Nations Educational, Scientific and Cultural Organisation (UNESCO) has marked the 2nd of December as the World Futures Day, to be celebrated parallel to the UAE’s National Day.