“In5 is a center specialized in supporting the development of private companies and entrepreneurs and in the encouragement of creativity and innovation,” said Majed Al Suwaidi, the managing director of Dubai Internet City and the Dubai Outsource Zone, when describing the mission of In5 in the Dubai Knowledge Village.
Al Suwaidi told us that the idea was born after observing the ecosystem for emerging companies in Dubai. He explained that “entrepreneurs and emerging companies often face several challenges in the phase of establishment, including access to funding, which is essential for the realization of their ideas, a lack of available workspaces, logistical support for residence visas and work permits,” and a lack of experts in their particular sectors.
“In5,” he said, “was developed to meet these challenges and provide an actual environment for emerging companies according to their technological value.”
In5 was incorporated in May 2013 by the Dubai Internet City initiative, which manages the center for the promotion of entrepreneurship related to innovation, business incubation, and the development of a stimulating environment for emerging companies specialized in technology in Dubai and the region.
What are the services provided by In5?
Al Suwaidi told Wamda that the center provides “infrastructure, support, and dynamic work environment to sustain emerging companies that are still in the early stages of creation, or are implementing the idea or in the phase of launching the product.” He added that “emerging companies need support in order to become competitive in the global market. This is why we must provide them with assistance.”
Original article by Pamela Kesrouani
Continue reading at Wamda:
Two years in, In5’s impact on Dubai’s entrepreneurship sector
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