$1m Equity-free Grant Launched To Support Struggling Start-ups Amid Covid-19
Fund by Sharjah-based Sheraa will replace budget for its annual events which have been cancelled in line with safety measures
The Sharjah Entrepreneurship Centre (Sheraa) has pledged a $1 million solidarity fund to help start-ups under strain as a result of the coronavirus pandemic.
The fund will be distributed through equity-free grants and commissioned projects, and has been issued in place of Sheraa's annual events which have been cancelled in line with safety measures to tackle the virus.
The move is in honour of the #UbuntuLoveChallenge, a global initiative spearheaded by Sheikha Bodour bint Sultan Al Qasimi and Mamadou Kwidjim Toure, founder of the Africa 2.0 Foundation.
Najla Al Midfa, CEO of Sheraa, said the entrepreneurial community will play a "critical role" in the recovery of society and that the grants will also enable founders to develop solutions for a better future.
"Grants will be awarded to entrepreneurs committed to creating real impact and building a future we, and the generations to come, deserve," she said.
The #UbuntuLoveChallenge is a global movement which encourages experts from around the world to share positive impact initiatives.
Saudi Arabia Launches Google Pay
Saudi Central Bank launches Google Pay via mada, advancing Vision 2030 goals to boost digital payments, reduce cash rel... Read more
Next UAE Holiday Dates, Emirates ID Update, Dubai Tourism Boom And Real Estate Tax Analysis – 10 Things You Missed This Week
Catch up on the UAE’s biggest news this week — from new holidays and Emirates ID updates to Dubai tourism growth, r... Read more
UAE Credit Score: What Really Affects It? Experts Weigh In
Discover the hidden factors that could be silently destroying your UAE credit score – and the simple steps that could... Read more
Ajman New Professional Licences Up 37% In H1 2025 As New Investors Rise 24%
Ajman’s new professional licences surged 37 per cent in H1 2025, with new investors up 24 per cent and Ethiopia and S... Read more
AB Majlis Podcast: Mashreqs Fernando Morillo Says Tipping Point For Digital Banking Is Already Behind Us
Guided by the vision of the founding family and leadership team, the bank has moved aggressively to redefine what moder... Read more
UAE Drives Capital.com To Record $1.5tn Global Trading Volumes In H1 2025
The UAE accounted for more than 70% of MENA trading activity as Capital.com reported record half-year volumes, undersco... Read more