9 billion dirhams in financing for startup companies in “in5”

The in5 business incubator, affiliated with the TECOM Group, announced that the total funding raised by startup companies within its system has exceeded nine billion dirhams since its launch, in an achievement that strengthens Dubai’s position as a global center for entrepreneurship and innovation.

This announcement came during the 10th edition of the Expand Northstar 2025 exhibition held in Dubai Harbor from October 12 to 15, where companies recorded a 14% growth in total financing compared to October 2024.

The First Vice President of TECOM Group, Majid Al Suwaidi, said, “This achievement embodies the incubator’s pioneering role in empowering entrepreneurs and accelerating the growth of their projects, in line with the goals of the Dubai Economic Agenda (D33),” explaining that the in5 business incubator includes more than 1,100 startup companies since its founding in 2013 in the fields of technology, media, design, and science, and also organizes periodic events to provide training. Guidance and expanding the investor relations network.

The “in5 Technology” business incubator is located in Dubai Internet City, while the “in5 Media” business incubator and the “in5 Design” business incubator are located in Dubai Production City and Dubai Design District, respectively.

The “in5 Science” business incubator, which was launched in cooperation with Dubai Science Park, provides an innovative platform that supports the growth of startups with a future vision in the fields of science.

The in5 business incubator witnessed remarkable activity in the first half of 2025, as it continued to improve its infrastructure supporting innovators and companies. During this period, in5 organized 94 events for its startups, through which it provided guidance, advice, training and workshops aimed at strengthening the network of relationships.

As part of its participation in the “Expande Northstar 2025” exhibition, the “in5” business incubator sheds light on its emerging companies, such as “Bell Boy”, the company that provides an innovative platform based on artificial intelligence to provide software as a service, “Jeans”, the company that provides individual and corporate investors with opportunities to obtain financing, and the software company “MyGatePass”, which is making a qualitative shift in Visitor management systems run smoothly through full integration with the UAE Pass application.