The ceremony saw the graudation of a number of startups by young entrepreneurs spanning vital sectors from technology to health, cybersecurity, agritech, automation, 3D printing and education.
This week, the Higher Colleges of Technology Startup Development Programme graduated its first batch of entrepreneurs. The programme is a response to an initiative to transform higher education institutions into business incubators to empower students and engage them in economic and creative activities and contribute to graduate highly qualified entrepreneurs to support the national economy with creative ideas that meet future requirements.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, attended the ceremony.
After reviewing a number of startups, HH said:'' Equipping students with skills and tools for entrepreneurship is of paramount importance under state directives, as they represent the nation's true wealth and investment for a better future.''
''The UAE is making relentless efforts to encourage and enhance entrepreneurship at all levels, especially in higher education institutions, which prepare students to enter the job market,'' HH added.
The ceremony saw the graduation of a number of startups by young entrepreneurs spanning vital sectors from technology to health, cybersecurity, agritech, automation, 3D printing and education.
Since it launched in 2019, the HCT Startup Development Programme established 108 startups and engaged 2,316 students. Students occupy 50 per cent of the top management of these companies.
One of the success stories of the programme is "E-Fate", a student-operated company, promoting sustainability and energy efficiency through the collection of electronic waste.
The aim of E-Fate is to play a substantial role in positioning the UAE as a leader in the field of recycling.