The United Arab Emirates is solidifying its position as a global innovation hub through the Future100 initiative, which aims to transform the nation's economic landscape by supporting small and medium enterprises (SMEs) in future-focused sectors.
During the recent Investopia 2025 conference, government leaders and industry experts emphasized the country's comprehensive strategy to boost entrepreneurship. UAE Minister of State for Entrepreneurship, H.E. Alia Al Mazrouei, highlighted that SMEs currently represent 94% of businesses in the UAE, with 25,000 new SMEs founded by Emirati youth in 2024 alone.
The initiative's approach combines strategic policy-making with targeted financial support. The UAE has established over 50 government and private business incubators and accelerators, contributing to its recognition as the top global destination for business activities in 2024. The country ranked first in the Global Entrepreneurship Monitor's Entrepreneurship Index for the third consecutive year.
Key strategic initiatives include the Riyada Fund, which allocates 300 million AED to support entrepreneurial ventures, and the UAE Entrepreneurship Council. These programs aim to increase the success rate of entrepreneurs from 30% to 50% within the next decade.
The Future100 sessions explored critical topics such as artificial intelligence, emerging technologies, and innovative investment strategies. With a focus on technological advancement and sustainable development, the initiative underscores the UAE's commitment to creating a dynamic, forward-looking economic ecosystem.
