The International Free Zone Authority (IFZA) in Dubai has announced a strategic partnership with global innovation platform Plug and Play to launch Scale360, a new accelerator program designed to empower late-stage startups across the UAE and the wider MENA region. This initiative aims to bridge a critical gap by providing targeted support for companies poised for significant growth and market expansion.
A Strategic Partnership to Fuel Regional Growth
The collaboration brings together IFZA’s extensive local ecosystem and business setup expertise with Plug and Play’s formidable global network of corporations, venture capitalists, and mentors. Scale360 is designed to serve as a powerful launchpad for established startups looking to scale their operations, penetrate new markets, and secure strategic funding. The program will be based in Dubai, leveraging the emirate’s position as a central hub for business and innovation.
Martin G. Pedersen, Chairman of IFZA, highlighted the program’s alignment with national goals. “In line with the D33 Agenda and We the UAE 2031, Scale360 is a testament to our commitment to fostering a thriving and competitive business environment,” he stated. “By partnering with Plug and Play, we provide a unique platform that combines local insights with global opportunities, empowering ambitious entrepreneurs to reach their full potential.”
Inside the Scale360 Program
Scale360 will operate with a focused, hands-on approach, running two distinct batches annually. Each batch will concentrate on a specific industry vertical, allowing for tailored mentorship and corporate engagement. The inaugural batch is set to focus on the rapidly evolving sectors of Commerce and Logistics.
Participating startups will gain access to a comprehensive suite of benefits, including:
- Corporate Access: Direct introductions to Plug and Play’s network of corporate partners for potential pilot projects and collaborations.
- Global Network: Entry into Plug and Play’s global ecosystem, including connections to international VCs and investors.
- Expert Mentorship: Guidance from seasoned industry leaders, serial entrepreneurs, and subject matter experts.
- Strategic Workshops: Focused sessions on topics crucial for scaling, such as international expansion, fundraising, and operational efficiency.
- Access to IFZA’s Ecosystem: Leveraging IFZA’s vast community of businesses and resources to facilitate local growth.
Significance for the MENA Tech Ecosystem
The launch of Scale360 addresses the growing need for specialized support for scale-ups in the region. While the MENA ecosystem has a robust network of early-stage incubators, programs dedicated to later-stage companies are less common. This initiative provides a critical infrastructure for startups that have already found product-market fit and are ready for their next phase of hyper-growth.
“We are thrilled to partner with IFZA to bring our global expertise to the heart of Dubai,” said Omeed Mehrinfar, Managing Partner at Plug and Play Middle East. “Scale360 is uniquely positioned to identify and nurture the next generation of unicorns from the region. By focusing on late-stage startups, we can help them navigate the complexities of scaling and connect them with the resources they need to succeed on a global stage.”
About IFZA
The International Free Zone Authority (IFZA) is a leading free zone in Dubai, providing a comprehensive ecosystem for local and international businesses. Known for its efficient setup processes and business-friendly environment, IFZA offers a wide range of licenses and support services designed to help companies thrive in the UAE.
About Plug and Play
Plug and Play is a global innovation platform that connects startups, corporations, and investors. Headquartered in Silicon Valley, it operates accelerator programs, corporate innovation services, and an in-house VC. Since its inception, Plug and Play has helped accelerate thousands of startups, including notable successes like Dropbox, PayPal, and N26.
Looking Ahead
The first batch of the Scale360 program, focused on Commerce and Logistics, is expected to attract some of the most promising scale-ups in the region. For founders looking to expand beyond their home markets and tap into a global network, this partnership between a local powerhouse and a global innovation leader represents a significant new opportunity. The program’s success will be measured by its ability to create tangible growth for its participants and further solidify the UAE’s reputation as a premier destination for scaling technology companies.
Source: My Startup World
