Islamic lifestyle bootcamp first of more to come in Dubai’s Islamic economy

  • A first-of-its-kind Islamic lifestyle mini bootcamp aimed at supporting start-ups and entrepreneurs in the sector will be the first of more similar initiatives for the Islamic economy.
  • The bootcamp was run by the Dubai Silicon Oasis Authority (DSOA), with the support of the DIEDC and took place 12-16 November at the Dubai Technology Entrepreneur Centre (DTEC). It was organised by Rainmaking Innovation, the umbrella company of the global network of start-up accelerators, Startup MENA and Startupbootcamp.
  • DIEDC’s initial strategy at its establishment in 2013 rested on seven pillars: Islamic finance; halal industry; standards and certification; family-friendly tourism; digital infrastructure; Islamic arts; and fashion and design. The refreshed 2017-2020 strategy now streamlines the last four sectors into a dedicated Islamic lifestyle pillar.
  • The aim of the bootcamp is not profit but about empowering young start-ups with the required skillsets that in return could boost growth across the Islamic economy sectors.
  • DIEDC hopes more start-ups will want to travel or move to Dubai to expand and operate their business.
  • DTEC offers subsidies to start-ups operating in Islamic economy industries, and Christensen said the centre is growing to include more offerings.

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