Sheraa: Accelerating entrepreneurial ambitions of UAE youth

SHARJAH, 7th August, 2016 (WAM) -- Sheikha Bodour bint Sultan Al Qasimi, Chairperson of the Sharjah Investment and Development Authority, Shurooq, and Chairperson of Sheraa, the Sharjah Entrepreneurship Centre, has laid the foundations for a thriving community of young entrepreneurs who will contribute to the growth of the UAE and the region.

Sheraa, the Sharjah Entrepreneurship Centre launched under the patronage of Sheikha Bodour, commenced operations in January 2016 at the American University of Sharjah, AUS, campus.

Speaking on the inspiration behind Sheraa, Sheikha Bodour explained, "The Emirate of Sharjah seeks to provide an attractive environment which supports entrepreneurs of all nationalities, with a special focus on young Emirati women and men. Our aim with this initiative is to allow these aspiring business professionals to utilise their creative ideas and turn them into projects that achieve tangible benefits to the community and generate positive financial rewards that enhance the economic development of the UAE and the region."

She stressed that the Sheraa Centre empowers dynamic youths to launch highly competitive sustainable ventures, and supports them by following up and developing their projects to ensure they meet the needs of the community. She highlighted that Sheraa paves the way for talented young Emiratis to build business networks that contribute to excellence and leadership in many vital economic, trade and service sectors.

Sheraa is offering its flagship 'accelerator programme', which is the first in the UAE to be housed within a university. The three-month curriculum is mentorship-driven, and provides young entrepreneurs with business connections and attractive perks and benefits. This hands-on 'idea-to-startup' journey, completed under the guidance of seasoned entrepreneurs and Sheraa's network of corporate partners and investors, gives students and graduates the confidence required to jumpstart their entrepreneurial ambition and helps position their venture's long-term success.

Najla Al-Midfa, General Manager of Sheraa, explained that the accelerator programme is open to students and aspiring entrepreneurs of all educational backgrounds and nationalities where they sift through the most promising ideas. She added, "Sheraa will help turn concepts into business propositions, and will provide the business with seed-funding, free license, office space, mentorship, market access, focus group tests, and real time customer engagement. The accelerator is a transformative experience, molding young graduates into successful entrepreneurs with a commitment towards building sustainable and scalable enterprises with a positive social impact."

In addition to the accelerator, Sheraa has also established an academy that aims to tackle the skills gap by providing students with the most in-demand 21st century skills. The workshops cover a host of topics, ranging from digital and technology through to interpersonal and critical thinking skills. This offering is in line with the challenge of acquiring the right talent for start-ups, evidenced by a report that explores the trends and challenges in key regional markets.

With its state-of-the-art 650 square metre facility due for launch in October, Sheraa is a valuable component of the UAE's growing ecosystem. By committing resources to infusing a positive entrepreneurial spirit in today's youth and supporting them to create viable ventures, Sheraa is investing in the future of tomorrow's leaders in the UAE and across the region.