Dubai’s DMCC welcomes 15 companies through impact scale-up programme

UAE’s largest free-trade zone Dubai Multi Commodities Centre(DMCC) has announced that 15 companies have been selected to participate in the DMCC Impact scale-up programme.

The programme is the first of its kind in the UAE, supporting the growth of impact-driven businesses that align with the UN sustainable development goals.

Inaugurated at a virtual opening ceremony, the programme is operated in partnership with C3, a UAE-based social enterprise helping impact-driven entrepreneurs in the region unlock their growth potential and maximise their positive impact on the community.

This forms an integral part of DMCC’s wider Environmental, Social, and Governance (ESG) strategy, representing the focus of DMCC’s commitment to dedicate 0.5 per cent of its net profits towards social impact.

.@DMCCAuthority welcomes 15 impact-focused companies to #Dubai through the ‘DMCC impact scale-up programme -powered by C3’. https://t.co/yCqNUJRAyI pic.twitter.com/vAKpUL0Oiu

— Dubai Media Office (@DXBMediaOffice) August 30, 2022

Feryal Ahmadi, COO of DMCC, said: “It is our fundamental belief that social and environmental impact go hand in hand with economic development and the long-term growth of global trade. As such, our partnership with C3 ties directly into our mandate to attract and promote trade through Dubai.”

The 15 impact-driven companies have joined DMCC’s growing community of over 21,000 businesses with substantial savings on business set up costs through a bespoke 70 per cent discount on licence fees and flexi-desk space for two years, in addition to offering further discounts on licence renewal from the third to the fifth year.

Originating from global markets including Colombia, the UK, South Africa, India, Pakistan and Egypt, the successful companies cover various sectors such as health tech, agri and food tech, ed tech, as well as employment and job readiness.

The businesses founders will start their training with C3 in September, where they will receive expert support on various pillars including impact, strategy for scaling, business, governance, talent and doing business in the UAE. The selected companies will be prepared to meet investors and potential partners from C3’s network of 4,000 senior experts, clients from blue-chip companies, as well as over 150 investment firms.

Also read: Dubai’s DMCC reports record H1 2022 performance, registers 1,469 firms