UAE Startups to help increase global GDP by $1.5trn

UAE Startups to help increase global GDP by $1.5trn

UAE digital Startups

UAE Startups to increase global GDP

According to the industry experts, UAE digital Startups can become the keystone in increasing global GDP by $1.5 trillion as well as creating job oppurtunities for round about 10 million youths.

According to the recent Accenture report “Harnessing the Power of Entrepreneurs to Open Innovation”, digital Startups will generally help to increase global GDP by $1.5 trillion by 2020.Demonstrating the UAE’s potential, the country has a top ranking position in MENA region, and top 20 in the world in supporting entrepreneurs, according to the Global Entreprenurship Index 2016.

UAE Vision 2021 aim is to transform the country into global entrepreneurship hub.A second Startup Focus Event in the UAE has been arranged by SAP Training and Development
Institute, held in partnership with Dubai Internet City’s in5 Innovation Center.

More than 150 participants, innovators gained insights from successful startup founders during the two-day event as well as interacted with media and venture capitalists.Promising entrepreneurs learned how to code and build an application on SAP HANA and then how to run their own startup.The event provided attending startups with the opportunity to become part of the global SAP Startup Focus Program.