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Sheikh Hamdan Launches Ignyte Platform to Boost Start-ups

Dubai's new platform Ignyte set to empower 100,000 start-ups by 2029, with a focus on global growth and innovation.

  • Publish date: Wednesday، 23 October 2024 Last update: Tuesday، 10 December 2024
Sheikh Hamdan Launches Ignyte Platform to Boost Start-ups

In a major move to bolster Dubai's start-up ecosystem, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Deputy Prime Minister, has launched Ignyte, a dynamic new digital platform designed to empower emerging entrepreneurs and drive global growth.

Read More: Sheikh Hamdan Approves AED390m Plan for Dubai's Rural Areas

Created by the Dubai International Financial Centre (DIFC), Ignyte is a central part of the Dubai Digital Economy Strategy and aims to support over 100,000 start-ups by 2029. The platform provides a unique space for entrepreneurs to connect with a global network of investors, mentors, and corporate partners, fostering a robust growth environment.

Ignyte’s mission goes beyond networking; it will bring together 5,000 venture capitalists, 5,000 vetted mentors, and over 500 corporate and government partners. With these resources, the platform seeks to help start-ups save more than $100 million through exclusive benefits and services.

Key features of Ignyte include access to expert guidance, an AI-powered marketplace offering tailored deals, and Ignyte Challenges—a competitive arena for tech innovators in AI and other fields to showcase their skills and win prizes. Start-ups will have direct pitching opportunities to investors, streamlining the funding process.

The platform also offers event-hosting tools, enabling start-ups to engage with the Ignyte community and promote their activities to a wider audience.

Ignyte's initial phase is set to roll out in Dubai in late 2024, with plans to expand across the UAE in early 2026 and the wider GCC by mid-2026. Sheikh Hamdan's vision for the platform aims to position Dubai as a global hub for entrepreneurial innovation, while nurturing the next generation of business leaders.

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