Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, has launched Ignyte, a new digital platform to foster the growth of Dubai’s and entrepreneurs.

As part of the Dubai Digital Economy Strategy, Ignyte seeks to empower over 100,000 startups by providing access to funding, mentorship, and networking opportunities. The platform connects founders with a global network of investors, mentors, corporations, and government entities, creating an ecosystem that fuels entrepreneurship.

Ignyte aims to attract 5,000 venture capitalists, mentors, and more than 500 corporate and government partners. Additionally, the platform will offer 5,000 exclusive perks designed to help startups save over $100 million.

Essa Kazim, DIFC Governor, noted that Ignyte advances Dubai’s digital economy goals and accelerates innovation-led growth. “By providing a global platform for startups to connect, innovate, and grow, DIFC is reinforcing Dubai’s position as a leading hub for entrepreneurship and technological advancement,” he said.

Arif Amiri, CEO of DIFC Authority, emphasized that the platform empowers startups to play a crucial role in shaping the digital future. Ignyte provides startups access to investors, mentorship, exclusive perks, and networking opportunities. Additionally, an AI-powered marketplace tailor deals to meet their specific needs.

Ignyte also introduces the Ignyte Challenges, which are competitive events across sectors like AI and advanced technology. These events enable innovators to collaborate and showcase their talents globally.