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Creative Zone Launches UAE Startup Setup Program
New scheme links licensing, banking and services as UAE pushes SME growth.
Dubai-based Creative Zone has launched a startup program with Ras Al Khaimah Economic Zone (RAKEZ) and Mashreq NEO BIZ, targeting first-time founders navigating company formation in the UAE.
The Young Entrepreneurs’ Business Setup Program combines licensing, banking access and basic operational support in one package. It is aimed at early-stage entrepreneurs who typically handle those steps separately, often without structured guidance or access to established partner networks.
The UAE is pushing toward one million SMEs by 2030, up from about 557,000 today, while continuing to rank highly in global entrepreneurship benchmarks, including leading the Global Entrepreneurship Monitor’s National Entrepreneurship Context Index for four consecutive years.
Partners including DHL and Zoho are part of the rollout. The program offers more than AED 15,000 in incentives, covering digital bank account setup, discounted logistics, tax registration, medical insurance and one year of AWS hosting. A virtual office and access to HR and legal services are also included, alongside tools typically reserved for more established operators.
“Starting a business is a major step, and what many new entrepreneurs need is not just ambition, but the right structure and support around them. This program was created to make that step more practical and more accessible for those ready to build something of their own,” said Lorenzo Jooris, Group CEO of Creative Zone.
For new founders, the friction points are consistent — banking delays, unclear processes and limited guidance. Many enter the system without a clear path from idea to operational business. The model here is to reduce those gaps at the outset.
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“This collaboration is about giving young entrepreneurs a more accessible and better-supported path into business ownership, with the right structure in place from the start,” said Anas Hijjawi, Chief Commercial Officer at RAKEZ.
The approach reflects a wider shift in the UAE. Setup providers are packaging services that were once handled separately, aiming to shorten timelines and keep new businesses from stalling early, as competition for founders intensifies across free zones and digital-first platforms.
News
G42’s Inception42 Wants AI To Show Its Work Before Investors Commit
Launched at SuperReturn Middle East, Alpha is pitched at sovereign wealth funds and private equity firms underwriting bigger deals on tighter timelines.
Inception42, G42’s agentic AI company, believes that institutional investors want AI they can check, not just AI that saves time. Its new tool, Alpha, launched at SuperReturn Middle East, is designed to draft investment memos in which every claim points back to its source.
Alpha is aimed at private equity firms, sovereign wealth funds and institutional allocators, which Inception42 says are underwriting larger, more complex positions under tighter timelines. Most AI tools, it argues, speed up individual tasks such as a memo draft or a comps table but leave the investment strategy scattered across files, inboxes and committee decks.
Teams upload Confidential Information Memoranda, diligence packs and portfolio data, which Alpha turns into insights grounded in that material. It checks how complete the diligence is, flagging gaps before they become late-stage surprises, then scores the deal against criteria the institution sets and drafts the memo.
Sourcing every claim is the core of Inception42’s Alpha pitch. Investment committees, the company says, have little time to challenge the evidence, and the audit trail is meant to give them more certainty. The company also promises institutions proof that their own strategy was applied consistently on every deal.
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“Every investment committee wants the same thing: the full picture of a deal and the confidence to act on it,” says Ashish Koshy, CEO of Inception42. “Alpha gives deal teams and committee members that picture, with every insight traceable to its source, so speed and rigor finally pull in the same direction”.
Alpha is available as SaaS, and investment data, Inception42 says, stays under the institution’s control at every step. Firms can tailor the tool with custom agents, and Alpha Skills will eventually add reusable, practitioner-designed workflows for tasks such as comparables analysis and credit assessment.
The company says Alpha is already proven in the region’s most significant financial institutions. If the tool works as described, committees get an investment memo they can interrogate rather than simply take on trust.
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