Emirates NBD and Sandooq Al Watan have signed an MoU under which the bank’s business incubator will join the National Incubator Network. The agreement aims to open new avenues for cooperation and expertise exchange, benefiting UAE entrepreneurs entering the business world.
“The partnership focuses on growing the talent pool within the programme while advancing our shared objective of fostering innovation and contributing to the UAE’s GDP growth aspirations,” said Hemant Julka, Group Head of Fintech and Digital Partnerships at Emirates NBD.
Through the National Incubator Network, Sandooq Al Watan aims to offer comprehensive support and development for SME initiatives led by UAE youth in fields such as administration, commerce, technology, and innovation.
Yasser Al Gergawi, Director-General of Sandooq Al Watan stated that the bank, with its vast expertise in entrepreneurship, SME support and aiding Emirati youth in establishing their businesses, represents a significant and valuable addition to the network.
The network focuses on developing the skills of entrepreneurs and small investors to ensure the success of their ventures.
Al Gergawi underscored the importance of specialised programmes conducted by the network, such as entrepreneurship training for university and college students and young participants in incubators.
