They call themselves “Silicon Valley in a Box”. They define themselves as an “accelerator”. They are located in a building with a space of 170,000 sq.ft. There are hundreds of people working in the building. They have 250 companies stationed within the building, along with 70 data centres. They have 170-plus investors and venture capital companies among their partners. They have an in-house support system for accounting, book keeping, legal support, recruitment, talent acquisition, banking and technology services and support.
Their ecosystem includes government, universities, corporations and investors. They have country pavilions in the centre from a slew of European, Asian and Latin American countries and are opening similar centres in Egypt, Malaysia, Singapore and Canada. They have diverse partnerships with 100 business associations and corporations from several countries who visit their centre annually. If you go into their building, you will find slogans like “United Nations of Innovative Companies”. In five years, they have incubated 600-plus companies. And you will find in the centre flags of scores of countries, like one sees in UN buildings.
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Author: Osama Manzar
