A bird’s eye view of the UAE start-up ecosystem

According to the World Bank 2016 report, the UAE has ranked 31st in the global index of ease of doing business. In the Global Entrepreneurship and Development Index (GEDI) report, UAE has ranked 19th for entrepreneurial attitude, activity and aspiration, and it ranked 47th in the Global Innovation Index report (INSEAD) for innovation performance.

With the UAE aiming to be among the top 10 countries, if not first in every category, it is believed that focusing on entrepreneurship will enable the country achieve that by 2021.

So, what is currently happening in this space?

Any entrepreneurial ecosystem can be summed up in main six pillars – policy and regulatory frameworks, finance and capital, culture, support institutions and jobs, human capital, and finally a network and a market for innovation.

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