SME World

Broadening its reach and delivering valuable guidance to those with young ideas in the region, Sheraa (Sharjah Entrepreneurship Center) have signed a Memorandum of Understanding (MoU) with Ajman University (AU) last week. The purpose of the MoU is to support activities that help bridge research and education with industry. The collaboration will also help students, educators, experts and companies identify real world problems and develop sustainable solutions.

startAD, the innovation and entrepreneurship platform anchored at New York University Abu Dhabi (NYUAD), announced NEURAi as the winning startup of the hardware Venture Launchpad, an immersive 10-day program which recently drew to a close.

Taking a giant leap from being serial entrepreneur, designer, youngest board member of the Sharjah Chamber of Commerce and Industry, and of the SME Council in the UAE Ministry of Economy, Sara Al Madani now plays radio presenter on Sharjah’s brand-new Pulse 95 Radio.

liwwa, an Amman-based fintech startup and a peer-to-peer lending platform, announced the issuance of over USD $11 million in debt to small businesses across more than 300 loans since its inception. liwwa was founded in 2013, but began to operate in 2015 with the aim to offer simple financing to small and medium-sized enterprises (SMEs) through its digital lending marketplace. The marketplace connects businesses in need of capital to individual and institutional lenders looking to generate returns on their investments. Today, liwwa lends approximately $1m a month.

A collective of UAE entrepreneurs has launched StartUpSchool.me, a free incubation initiative that gives back to the community by helping entrepreneurs fast-track new ideas into business success. The platform supports the UAE’s startup ecosystem by making it easier for people to tap into expertise, capital and mentorship to launch their own ventures.