SAIF Zone will be providing the accelerator teams with a discounted two-year free zone license under their name so that they can operate their newly formed enterprises with the Sheraa Headquarters as their office premises. "The initial days of a new enterprise is a crucial period for young entrepreneurs and they need all the support that they can get to make sure they have a strong launch pad for success. Our collaboration with SAIF Zone is an important step in this direction and gives our accelerator teams a great platform with the free zone license in order to move ahead quickly with their operations to reach out to customers," said Najla Al-Midfa, General Manager of Sheraa. Ms. Al Midfa added, "Having the backing of SAIF Zone is significant and we greatly appreciate their involvement in helping our accelerator teams and encouraging a new generation of youth entrepreneurs from Sharjah." "SAIF Zone is privileged to be collaborating with Sharjah Entrepreneurship Centre 'Sheraa' in creating an 'ecosystem' for youth entrepreneurship in the UAE," said Mr. Saud Salim Al Mazrouei, Director of Sharjah Airport International Free Zone (SAIF Zone) and Hamriyah Free Zone Authority (HFZA). "Harnessing entrepreneurial talents among young people will help unleash their potential and lead to greater employment generation and inclusive growth for the economy as a whole," Al Mazrouei added.
The strategic goals being pursued with this collaboration are in line with the UAE Vision 2021, he added. "By recognising the unique needs of aspiring young entrepreneurs, and thereby stimulating economic independence of young people, the Agreement also constitutes a new framework to support and spur the growth of SMEs in the region. It will further promote public-private sector collaboration and attain the desired goals for creating a new generation of investors, accelerators and entrepreneurs capable of participating in SME development activities in the country." The accelerator program is Sheraa's flagship offering, and the first in the UAE to be located within a university. The impactful three-month curriculum is mentorship-driven, and provides young entrepreneurs with business connections and attractive benefits. This hands-on idea-to-startup journey, completed under the guidance of seasoned entrepreneurs and Sheraa's network of corporate partners and investors, gives students and graduates the confidence required to jumpstart their entrepreneurial ambition and helps position their venture's long-term success.
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