The Telecommunications Regulatory Authority (TRA) of the UAE is aiming to develop in supporting entrepreneurs, start-ups and innovation in the country. A programme called “100x” launched by the regulatory authority on Sunday, will choose the best 100 tech start-up ideas from tech incubation programmes in the UAE, out of the 100 start-ups, 50 percent will be from the UAE nationals and the other 50 percent from expats with a valid UAE residence visa.
Abdulrahman Al Marzouqi, manager for internet manager for internet advancement policies and programmes department at TRA expressed his opinion at the “Fast Forward Summit” by saying that the programme is in alliance with other tech incubators, government and non-governmental entities in the UAE.
”Some of the tech incubators in the UAE include Impact Hub, in5, Dtec, AstroLabs, Dubai Silicon Oasis Founders, Hamdan Innovation Incubator and Dubai Startup Hub, apart from many accelerators.
Hamad Obaid Al Mansouri, TRA Director General, said “Recent studies show that the majority of global CEOs believe the next three years will be more critical for their industry than the last 50 years. This is not only because of the fast evolving advancements. The critical element lies in the ‘creative destruction’ or the constructive restructuring, which is the result of dramatic changes in the economy, along with the emergence of new business models,” he said.
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