UAE – Mubasher: Dubai Integrated Economic Zones Authority (DIEZ) partnered with the Massachusetts Institute of Technology (MIT) to introduce MIT DesignX Dubai Accelerator, according to a press release.
The accelerator, which marks MIT’s first accelerator in the region, aims to facilitate the establishment of innovative businesses.
The venture accelerator programme will enable entrepreneurs in the region to devise efficient and sustainable solutions for the world’s most pressing challenges, such as water, climate, food security, and energy.
The DesignX Dubai will be guided by MIT faculty, operating under the management of the Global Growth Hub (GGH).
Mohammed Al Zarooni, Executive Chairman of DIEZ, said: “Through our partnership with MIT and GGH, we aim to catalyse the creation of revolutionary solutions that address global challenges while positioning Dubai as a hub for sustainable entrepreneurship.”
Al Zarooni added: “By nurturing entrepreneurial creativity and empowering innovators to bring their visions to life, this partnership underscores DIEZ’s commitment to fulfilling its role as a hub for attracting and nurturing talent, technology and knowledge, as outlined in the Dubai 2040 Urban Master Plan.”
Hashim Sarkis, Dean of the School of Architecture & Planning at MIT, commented: “By granting teams access to MIT's accomplished faculty, mentors, and resources, we aim to foster groundbreaking solutions for a more sustainable future.”
DesignX operates in Hong Kong, Venice, Boston, Mexico City, and Reykjavik. It nurtured 118 companies with a combined portfolio valuation of nearly $1 billion.
