Sharjah-based Sheraa and Invest are paving the way for a series of joint strategic moves to escalate Sharjah’s startup scene.
Sharjah Entrepreneurship Center (Sheraa) and Sharjah FDI Office (Invest in Sharjah) have signed an MoU to take Sharjah’s startup scene to the next level, and pave the way for a series of joint strategic moves to accelerate UAE’s post-Covid recovery.
The partnership aims to establish links between high-growth tech startups in Sheraa’s founder community and Sharjah’s investor pool for collaborations in relevant emerging sectors. This will support startups in the UAE and the region through greater access to market opportunities and venture capital. Invest in Sharjah will then offer Sheraa startups discounted services and Entrepreneur Card benefits.
“As an entity committed to driving Sharjah’s position as the preferred investment destination in MENA, Invest in Sharjah is proud to partner with Sheraa, who has been successfully developing a blueprint for nurturing successful startups in the region, paving the way for new promising investment opportunities for entrepreneurs in Sharjah,” CEO Mohamed Juma Al Musharrkh said in a press release.
Since its inception, Sheraa has successfully supported 114 startups that have gone on to generate over $125 million in revenue, raise over $74 million in investment and create over 1,300 jobs.