Zone 2071, which is supervised by the Dubai Future Foundation, announced the launch of three pilot projects in the field of financing emerging technology companies, within the framework of employing its global partnerships to find innovative solutions that contribute to facilitating the access of emerging companies that cannot borrow in their early stages to support investment institutions In order to develop its business.
The three projects were chosen from among more than 150 projects participating in a special program launched by “District 2071” in partnership with the (i-Dubai Lab) Innovation Center in the global “Procter and Gamble” company, with the aim of enabling emerging companies in various sectors and markets in the region and the world to Achieving financial stability in order to expand its business and range of services.
Enterprise development
These projects were developed by Swipe Zoom from the UAE, Next Belwin Company from Singapore, and Hello Gold from Malaysia, after a comprehensive evaluation process according to a set of criteria related to the feasibility of the proposed solutions, their adaptability, and their potential impact on the target market.
Abdulaziz Al-Jaziri, Executive Vice President of the Dubai Future Foundation, confirmed that the partnership between “District 2071” and “Procter and Gamble” provides an opportunity for various emerging companies to present their innovative ideas and solutions in support of small retail projects and provide them with financing to expand and develop their business in a way that contributes to enhancing the quality of The lives of thousands of people in various countries of the world.
Omar El-Shenawy, CEO of Procter & Gamble in the Middle East, East and West Africa and the general export markets, said: “We are pleased to launch this first-of-its-kind initiative in the field of providing financing to small companies, which aims mainly to support our customers in emerging markets. »In employing the latest advanced technologies from all over the world and achieving our vision to support small companies in the retail sector to provide high quality and value products and services.
Integrated solutions
The Swipe Zoom project, which was established in Dubai in 2012, focuses on providing integrated solutions to pay money and provide logistical services, allowing e-commerce companies to ship their products around the world. The solutions offered by the company are based on bringing together financial institutions and small businesses that need financing, so that the process between financial institutions and beneficiaries is fully automated.
Next Pelion Company specializes in developing rural products and rapid market processes that can be modified to suit consumer and retail initiatives. The solutions offered by the company help small retailers increase their profits by grouping local distributors and third-party logistics services at the local and national levels. Provides retailers with the opportunity to obtain financial assistance through the use of banks.
Hello Gold Company is well-known for developing the world’s first mobile application compatible with Islamic law, with the aim of devising a new method for buying, saving, selling and collecting gold. Since its launch in 2015, the project has attracted more than 200,000 users from around the world.
Global platform
It is noteworthy that Zone 2071, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, “may God protect him”, hosts a variety of workshops, discussion sessions, meetings and field visits, and hosts a group of international laboratories to support emerging companies in developing solutions New and innovative work systems to simulate the challenges of the Fourth Industrial Revolution.
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