Axeed labs, today announced the launch of its SME and Startup Tech Launchpad campaign to create an opportunity for Startups and SMEs from UAE to continue their technology development, with a Dh1m credit line and enables Axeed labs to support to the business community.
The SME sector represents more than 94 per cent of the total number of companies operating in the UAE and provides jobs for more than 86 per cent of the private sector’s workforce. In Dubai alone, SMEs employ 42 per cent of the workforce and contribute around 40 per cent to Dubai’s GDP. The UAE Government has an ambition to enhance the contribution and performance of the SME sector and Axeed labs is taking this opportunity to follow suit.
Chintan Sareen, CEO at Axeed labs said: “We are really excited to see who we can help in the tech space at a time when it’s truly needed. Axeed labs has a track record of designing and developing state of the art mobile and web-based applications using the most novel technologies for industries including; last mile delivery, logistics, healthcare, pet care, e-commerce, fashion, vehicle leasing, facility management, payment wallets, food and beverage and grocery delivery, so we are very confident we can support any requirements that come in.
“We’ve all been start-ups at some point in time and this is usually where you find the hidden gems when it comes to ideas and evolution. We want to hear from as many startups and SME’s as possible and encourage all who feel they could benefit from development support, investment or big company ideas, to contact us and tell us what is needed.”
The campaign will take place entirely online, using Axeed labs landing page: http://axeedlabs.com/sme2020/. SME’s and start-ups can submit key points of information and successful applicants will be contacted to go to the next stage of the process.
Here’s what you’ll need to apply:
- You have a B2B or B2C tech product
- Your product requires imminent development or maintenance
- You have been in business for at least six months
All applicants can apply for credit lines of up to Dh1m with flexible payment plans, allowing companies to remain mobile, versatile and move forward during these challenging times. In addition, Axeed labs has opened its doors to investment opportunities, enabling tech start-ups to retain their pace of development.