Majid Al Futtaim launches an accelerator to support UAE and MENA startups and SMEs

Majid Al Futtaim launches an accelerator to support UAE and MENA startups and SMEs

Majid Al Futtaim, shopping malls, communities, retail and leisure developer, announced the launch of Majid Al Futtaim Launchpad, an accelerator programme aimed to attract startups and SMEs in strategic sectors to charge growth plans and support economic development.

In partnership with AstroLabs, a technology ecosystem builder in the MENA region, Majid Al Futtaim Launchpad will offer participants access to business growth incentives, mentorship programmes and a vast innovation ecosystem to strengthen the commercial viability of startups and SMEs across the region.

The accelerator will focus on supporting core growth areas, such as: homegrown brands focusing on culture and heritage, sustainability, innovation, health and beauty to elevate startups with innovative products and tech solutions designed to elevate the customer experienc, PropTech to target startups that offer innovative and sustainable solutions to help optimise the efficiency of construction, digitise property development, residential communities and hotels spaces, and enhance the experiences in the shopping mall.

The Launchpad will provide solutions and services to participants while offering a gateway to tangible growth opportunities, such as accelerating customer acquisition, improving operational efficiencies, and providing best-in-class mentoring to startups and SMEs from the region.

Also read: Al-Futtaim to invest up to $1 billion in Egypt over the next 3 years

If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.