Dubai announced its latest initiative for startups with the launch of IGNYTE, a digital platform dedicated to empowering the next generation of startups and entrepreneurs on their global growth journey. The platform is set to become a cornerstone of the Dubai Digital Economy Strategy, empowering over 100,000 startups and entrepreneurs by 2029. As part of Dubai’s ambition to become a global epicentre for entrepreneurship, IGNYTE connects founders with a global network of investors, mentors, corporate organisations, and government entities, creating a comprehensive growth ecosystem.

To maximise the benefits for startups joining the platform, the platform aims to significantly expand its offerings by 2029 by attracting 5,000 venture capital firms (VCs) and investors, 5,000 vetted mentors and experts, over 500 corporate and government partners, and 5,000 exclusive perks. These perks will collectively help startups save more than $100 million.

IGNYTE also offers exclusive benefits to help entrepreneurs turn their ideas into reality, and will provide opportunities for entrepreneurs to present their ideas to investors, build networks with global companies and investors, and gain access to exclusive competitions and resources such as AI models and data to drive innovation.