Emirates Development Bank (EDB) has launched a $136 million funding initiative to strengthen the UAE’s startup and SME landscape. The program is part of a national effort to position the country as a global hub for entrepreneurship and innovation.
Building the UAE’s Startup Capital
The initiative falls under the national campaign “The Emirates: Startup Capital of the World.” It aims to accelerate economic diversification and foster a vibrant innovation ecosystem.
EDB’s strategy centers on financial inclusion, digital access, and business enablement to support entrepreneurs from idea to scale-up stage. The funding will directly target startups and micro, small, and medium-sized enterprises (MSMEs) across key sectors such as technology, sustainability, healthcare, and manufacturing.
What the $136 Million Package Includes
The new financing tools are tailored to meet the diverse needs of early and growth-stage businesses. They include:
- Credit guarantees: To reduce lender risk and enable easier access to capital for new founders.
- Co-lending schemes: Partnerships with banks and private investors to expand funding sources.
- Receivables-based financing: Allowing businesses to unlock working capital through outstanding invoices.
These solutions are being deployed in collaboration with leading fintech partners to streamline processes and increase accessibility.
Empowering Entrepreneurs Beyond Capital
EDB is pairing financial products with strong non-financial enablement programs. The goal is to empower 500 entrepreneurs through:
- Accelerator programs focused on scaling and operational excellence.
- Mentorship and advisory services from industry experts.
- National initiatives such as AgriX, MIITE, and MBRIF, offering specialized guidance and market access.
Through the EDB 360 digital platform, founders can open business accounts within minutes, apply for financing without traditional collateral, and connect with ecosystem partners to help grow their ventures.
Strengthening the UAE’s Innovation Infrastructure
The momentum around entrepreneurship is being reinforced by broader national collaboration. The Dubai Department of Economy and Tourism, in partnership with the Dubai Chamber of Digital Economy, has launched the Dubai Entrepreneurs Hub.
This platform aims to:
- Consolidate startup support efforts across the city.
- Transform 30 startups into global unicorns.
- Expand the regional and international footprint of 400 SMEs.
Together, these initiatives underline the UAE’s vision of becoming a global entrepreneurship powerhouse by combining capital access, technology, and strong policy support.
A Catalyst for a New Generation of Founders
EDB’s $136 million commitment reflects a long-term strategy to fuel innovation-led growth. By supporting founders with both funding and mentorship, the bank is nurturing a generation of resilient entrepreneurs who can shape the UAE’s future economy.