MBRF to build incubator network with Syrian Computer Society

Mohammed bin Rashid Al Maktoum Foundation and Syrian Computer Society to build regional network to support business incubators

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By  Mark Sutton Published  November 17, 2008

The Mohammed bin Rashid Al Maktoum Foundation (MBRF) has signed an agreement with the Syrian Computer Society’s ICT incubator unit, to develop an online network to support entrepreneurship schemes across the region.

Under the MOU, the two will work to link other incubators, businesses, academic institutions and entrepreneurs to share best practice, support and exchange information to encourage new businesses.

The network will also drive research into methodologies and best practice to share with other organizations.

Sultan Lootah, vice president of Mohammed bin Rashid Al Maktoum Foundation – Entrepreneurship and Employment sector commented: “Our research outcomes indicated entrepreneurship is on the rise among the Syrian youth. Based on this, we are confident our cooperation with the Syrian Computer Society will prove highly beneficial and guarantee strong economic growth.”

The agreement was announced at the 14th Information and Communication Technology exhibit in Damascus, by Lootah and Dr Rakan Razouk, chairman of the ICT Incubator, Syrian Computer Society.

Dr. Razouk said: “The Syrian Computer Society is committed to cooperating with the Foundation and supporting its efforts to promote entrepreneurship and create more job opportunities in Syria and the Arab world.

“The Society will work to hosting the network’s workshops and forums, as well as competitions, while actively sourcing investments for seed ventures. It will also provide the human resources needed to implement best-practices that can compete on a global level, besides working with the Foundation to enhance the online platform for regional incubators,” he added.

The agreement will build on existing collaborative ventures that the MBRF has with organizations in Morocco, Lebanon, Bahrain and Palestine.

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