Sheraa, Invest in Sharjah to boost Sharjah as leading start-up hub

The core objective of the newly formed partnership is to link the high-growth tech start-ups in Sheraa’s founder community to the emirate’s robust investor pool for collaboration in key, as well as new and emerging sectors

SHARJAH — Sharjah Entrepreneurship Centre (Sheraa) and Sharjah FDI Office (Invest in Sharjah) on Tuesday announced partnership to promote the emirate as leading startup hub in the region.

Both entities signed a new partnership to take Sharjah’s ecosystem offerings to the next level. The core objective of the newly formed partnership is to link the high-growth tech start-ups in Sheraa’s founder community to the emirate’s robust investor pool for collaboration in key, as well as new and emerging sectors.

The MoU, which officially declared Invest in Sharjah as Sheraa’s strategic partner, was signed by Najla Al Midfa, CEO of Sheraa, and Mohamed Juma Al Musharrkh, CEO, Invest in Sharjah, on Tuesday at the Sharjah Investors Services Centre (Saeed) in Al Qasba.

The partnership will establish targeted and joint mechanisms to support start-ups in the UAE and the region through greater access to market opportunities and venture capital.

As part of the understanding, Sheraa will join Invest in Sharjah’s local and international delegations to promote and attract tech start-ups to its thriving ecosystem in Sharjah. Invest in Sharjah will also offer Sheraa start-ups discounted Sharjah Investors Services Centre (Saeed) services and Entrepreneur Card benefits.

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“We are proud to officially welcome Invest in Sharjah as a strategic partner. Together, we will advance our shared vision of supporting the growth of innovative start-ups as well as establishing Sharjah as a leader on the global entrepreneurship stage,”  Al Midfa said.

She said this partnership builds on “our series of initiatives and achievements” over the last five years, graduating over a hundred start-ups in the UAE and the region, as well as strengthening and elevating UAE’s entrepreneurial ecosystem to new heights.

“With Invest in Sharjah, we will provide our local and regional start-ups with a strong and promising investor network, as well as pave the way for start-ups to leverage the benefits of the Sharjah Investors Services Centre (Saeed), which specialises in providing comprehensive and integrated services to businesses and start-ups,” she said.

Since its inception, Sheraa has successfully supported 114 start-ups that have gone on to generate over US$125 million in revenue, raise over $74 million in investment and create more than 1,300 jobs.

Speaking about Invest in Sharjah’s role in supporting start-ups, Al Musharrkh, said, “As an entity committed to driving Sharjah’s position as the preferred investment destination in MENA, Invest in Sharjah is proud to partner with Sheraa, who has been successfully developing a blueprint for nurturing successful start-ups in the region, paving the way for new promising investment opportunities for entrepreneurs in Sharjah.”

 

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