Ministry of Economy launches ScaleUp Export initiative with UPS

10x Industry

Mita Srinivasan
10x Industry
Published:

Ministry of Economy launches ScaleUp Export initiative with UPS

In line with the ‘Principles of the 50’, the ScaleUp Export is a continuation and extension of the ‘Entrepreneurial Nation’ initiatives with the aim of supporting its growth and providing the tools and information needed to increase its export volume to foreign markets and develop its business sustainably

Under the Entrepreneurial Nation program launched by the UAE Ministry of Economy last November, a new initiative, ScaleUp Export, has been launched in collaboration with UPS.

The ScaleUp Export program supports the export capacity of UAE start-ups and SMEs. It also aims at enhancing the access of their products and services to global markets via a range of supportive tools and programs and through a range of targeted local and international partnerships with relevant sectors.

Registered companies can gain access to a range of experts and advisers across various sectors through the program. It facilitates technical and legal consultations, as well as special shipping prices. The program also provides training and mentoring opportunities, conducting technical workshops to increase their exports to global markets. It also provides mentoring and supervisory programs, and seminars on export target markets.

In line with the ‘Principles of the 50’, the ScaleUp Export is a continuation and extension of the ‘Entrepreneurial Nation’ initiatives with the aim of supporting its growth and providing the tools and information needed to increase its export volume to foreign markets and develop its business sustainably

H.E. Abdulla bin Touq Al Marri, Minister of Economy, said that the program is designed to support the strategic target of the Entrepreneurial Nation by providing the catalytic environment for the development and incubation of 20 unicorns in the country by 2031.

The Ministry of Economy explained that duly licensed and registered SMEs in a certain emirate can benefit from the services of this program by registering online. SMEs have to be currently exporting, have an active business in e-commerce, high-tech, or electronics in general or be a manufacturer of clothing, fashion accessories, consumer electronics, mobile phones, spare parts, machinery parts. Only companies verified and examined by both the Ministry and UPS will qualify for the new initiative.