Empowering startups and entrepreneurs and promoting digital economic activities are critical for the future of a sustainable economy at both national and global levels, the Dubai Future Foundation said in its 5th report on the future of entrepreneurship and innovation launched jointly with the Dubai Future Council for Entrepreneurship and Innovation Ecosystem.
The report, titled ‘Life After COVID-19: Innovation and Entrepreneurship’ is part of a series of forward-looking reports to tackle the different challenges that the UAE and the Arab world will face once the pandemic subsides. The series comes at a crucial time when public and private sector organisations need to be well-prepared for the future and the challenges and opportunities that come with it.
Based on the recommendations and proposals of the members of the Council, the report tackles current and future challenges of the entrepreneurial and startup sector at a national and global level. It also highlights mechanisms to reduce the effects of the spread of COVID-19 on startups and their growth opportunities and suggests motivational packages and incentive schemes as a means to support the startup sector and economic development in the country.
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