The Entrepreneurial Nation, an initiative of the UAE Ministry of Economy, announced its partnership with Huawei Cloud to launch the Huawei Cloud Startup Program in the country. The Program seeks to accelerate UAE’s startup ecosystem, providing up to $150,000 in vouchers and access to Huawei Cloud ecosystem resources for eligible businesses.
According to the Ministry of Economy, 94% of the total number of companies operating in the country are in the small and medium-sized (SMEs) or startups sector. SMEs provide jobs for more than 86% of the private sector’s workforce. In Dubai, 95% of the emirate’s firms consist of SMEs, employing 42% of its workers and accounting for more than 40% of its GDP. The Huawei Cloud Startup Program will leverage Huawei’s three decades of ICT and digitalization expertise to support this crucial sector while helping unleash innovation in the UAE and further boosting the country’s digitization goals.
In October 2022, the Ministry of Economy launched the second phase of The Entrepreneurial Nation, the comprehensive and one-of-a-kind national project for the development of the UAE’s SMEs and the overall national entrepreneurial landscape. This phase of the project is based on the largest public-private sector partnerships of their kind and aims to develop the tools to foster the culture and practices of entrepreneurship in the UAE.
The Huawei Cloud Startup Program is a global support program to help accelerate technology startups’ business growth. Through the Huawei Cloud Startup Program, Huawei will leverage its global expertise and cloud innovations and help startups address challenges associated with funding, technical and commercial resources and connections they need to expand, contributing to the emergence of innovative businesses that can lead the region’s digital transformation powered by Huawei Cloud.
Jiawei Liu, CEO of Huawei UAE, said, “Startups and small businesses play a pivotal role in the continuous development of UAE’s economy. We are proud to partner with The Entrepreneurial Nation Initiative by the Ministry of Economy, which provides a perfect platform for entities like Huawei to support the growth and development of the SME sector. As a leading global provider of information and communications technology (ICT) infrastructure and smart devices, Huawei will be continuously committed to acting as the foundation for the digitalization and development of the UAE.”
With Huawei Cloud, startups can scale their business effortlessly by eliminating high infrastructure costs and limited computing capacity associated with on-premise data centers. Businesses can also gain access to cutting-edge technologies and resources at a fraction of the cost.
Further, participating entrepreneurs can tap into Huawei’s extensive ecosystem, with access to its vast innovations, technical support, mentorship, and market development opportunities. Huawei also provides go-to-market assistance, ensuring small business owners can reach their target audience effectively. Recognizing that collaboration is crucial to growth, Huawei Cloud also helps connect founders with like-minded entrepreneurs, industry experts, and thought leaders worldwide.
Huawei Cloud Startup Program is a global success story. Intella is a two-year-old Egyptian startup that has developed a highly accurate Arabic voice-to-text transcription engine, encompassing all the 25 Arab dialects and whose model was trained and optimized on Huawei Cloud ModelArts. Through the Huawei Cloud Startup Program, Intella received cloud credits worth tens of thousands of US dollars for AI model training in addition to co-marketing and co-selling with Huawei Cloud’s Egypt team to scale up its solution commercially.