logo-en
  • Home
  • Companies
  • Investors
  • Opportunities
    • Home
    • SME Loans
  • FinTech Hub
  • News
LoginRegister
  • english iconEnglish
  • english iconArabic
  1. Mubasher News
  2. in5 start-up funding grows by 163% during 2023

in5 start-up funding grows by 163% during 2023

GHADA.ISMAIL
Oct 14, 2024
in5 announces a 163% growth in 2023 during the Expand North Star event

Dubai – Sharikat Mubasher: Funding raised by start-ups within TECOM Group PJSC’s entrepreneurship incubator in5 since its inception has crossed AED 7.8 billion as Dubai’s pro-innovation framework nurtures the growth of enterprises and talent.

The remarkable figure represents 163% growth over total funding raised as of 2023, demonstrating the accelerated growth of in5’s start-ups this year, according to a press release.

This was announced on the sidelines of Expand North Star, the world’s largest event for start-ups and investors being held in Dubai on 13-16 October,

On behalf of in5, Majed Al Suwaidi, Senior Vice President at TECOM Group PJSC said: “Start-ups are powerful engines of long-term economic growth that tangibly benefit future generations. The funding milestone achieved by in5’s start-ups strengthens our mission to unlock entrepreneurial excellence by facilitating opportunities, partnerships, and investor engagement avenues. in5’s dynamic and global community is driving Dubai’s efforts to foster a globally attuned innovation landscape that achieves the goals of the Dubai Economic Agenda ‘D33’.”

in5 has nurtured more than 1,000 start-ups across the technology, media, design, and science sectors since its inception in 2013 by TECOM Group, the creator of 10 specialized business districts and vibrant communities in Dubai.

This includes in5 Tech, housed at a dedicated in5 Innovation Centre at Dubai Internet City as well as in5 Media, based at Dubai Production City, and in5 Design, based at Dubai Design District (d3).

in5 Media’s active start-up numbers noted annual growth of 20% in the first half of this year as government initiatives to strengthen the regional creative economy, including Dubai Media’s vision to bolster the competitiveness of media institutions, attract a wider cohort of talent to the city.

in5 is the start-up and entrepreneurship incubator founded by TECOM Group, which has contributed to Dubai’s economic ambitions for more than two decades through sector-focused districts including Dubai Internet City, Dubai Media City, Dubai Studio City, Dubai Production City, Dubai Knowledge Park, Dubai International Academic City, Dubai Science Park, Dubai Design District (d3) and Dubai Industrial City.

Tags

in5
startups
incubator
growth
Share

Attract clients with your ad

Start Now

Trending

QIA co-leads $250mn funding round for Kardium Inc
MUBASHER
PIF’s SURJ Sports Investments in talks to invest in T100 Triathlon
MUBASHER.SA
KAPSARC unveils new corporate identity
MUBASHER.SA
Cityscape Global returns to Riyadh in November 2025
MUBASHER.SA
Johnson Controls Arabia earns all four ISO Customer Satisfaction Certifications
MUBASHER.SA

Related News

Private Equities News
Calendar Icon
Jul 2, 2025
PIF’s SURJ Sports Investments in talks to invest in T100 Triathlon
Read More
Private Equities News
Calendar Icon
Jul 2, 2025
KAPSARC unveils new corporate identity
Read More
Private Equities News
Calendar Icon
Jul 2, 2025
Cityscape Global returns to Riyadh in November 2025
Read More
Private Equities News
Calendar Icon
Jul 2, 2025
Johnson Controls Arabia earns all four ISO Customer Satisfaction Certifications
Read More
Private Equities News
Calendar Icon
Jul 2, 2025
Strategy expands its footprint in Saudi Arabia in partnership with AstroLabs
Read More
Private Equities News
Calendar Icon
Jul 2, 2025
ACI Worldwide expands in Riyadh via iNet alliance
Read More
Private Equities News
Calendar Icon
Jul 2, 2025
Abu Dhabi SME Champions Program facilitates $182mn deals in 2024
Read More

Sharikat Mubasher Newsletter

Get insights and exclusive content from the world of business and finance that you can trust delivered to your inbox

Email is Required
Should be a valid email

Democratizing private equity investments

  • Home
  • Companies
  • Investors
  • FinTech Hub
  • Opportunities
  • News
  • Contact Us
  • Sitemap
2024 All rights reserved to Sharikat Mubasher