Cookie Consent by Privacy Policies Generator website UAE Home to Prominent Innovation Districts: Middle East Designated Leading Innovation Hub in Latest Arthur D Little Publication : GoDubai.com

GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Banking and Investments

    Share
• UAE companies benefit from a co-located, concentrated innovation ecosystem and supply chain
• The Middle East houses a multitude of proven Innovation Districts and centers 
• Arthur D. Little report sheds light on imperative steps before future projects are pursued
 
Dubai, UAE – 13, September 2021:  In the new post-pandemic world of work, Innovation Districts are well-positioned to thrive. With businesses and organizations co-located in physical space for complex supply chains, they can provide flexibility, enable serendipity, and foster innovation for decades to come. However, Innovation Districts must first focus on particular success factors before their full potential is realized. Arthur D. Little (ADL), the leading management consultancy firm with the longest-standing presence in the Middle East region, expound this recommendation in their latest viewpoint entitled “The Future of Innovation Districts.” The publication explains what property owners, municipalities, policymakers, and potential corporate tenants should look for when creating and choosing a world-class Innovation District, elaborating on essential fundamentals and presenting executives with valuable sustainability insights. 
 
“How organizations innovate and their location when pursuing new projects have both changed significantly in recent decades due to convergence and disruption,” explained Dr. Raymond Khoury, Partner and Technology and Innovation Management Practice Lead at Arthur D. Little Middle East. “Rather than closed innovation models, more and more companies have begun opting for open approaches involving cross-industry partnerships and engaging ecosystems. This trend has instigated an underlying need for suitable physical locations where innovation can transpire, ultimately leading to the birth of the Innovation District concept.” 
 
Typically located in urban areas, Innovation Districts are focused on driving inter-firm linkages, collaborations, and networks that are enabled and sustained by a wider ecosystem for innovation. They include a wide range of businesses, from startups to large corporates, and are more physically compact than potentially sprawling innovation clusters. Crucially, the Middle East is home to several Innovation Districts that have delivered successful business outcomes. 
 
The UAE, which has maintained its rank amongst the top 20 countries on the Global Competitive Index over the last five years, has developed many innovation centers that provide the required services for entrepreneurs and businesses to innovate, grow, and become successful. Prominent examples include Dubai Technology Entrepreneur Campus (DTEC), which has attracted 800 startup companies from more than 70 countries since its establishment in 2015. Managed by Dubai Silicon Oasis Authority (DSOA), DTEC runs no fewer than five different programs and events to encourage entrepreneurship and innovation, working with many local, regional, and global partners to ensure efficiency and effectiveness. 
 
“Innovation is high on the agenda for leaders in both the public and private sectors and hence, for economies across the Middle East. Therefore, the number of existing centers and projects planned for the coming period is welcoming and understandable,” said Ben Thuriaux-Alemán, a Partner in the Technology and Innovation Management Practice of Arthur D. Little United Kingdom who has worked on a number of these initiatives in the Middle East. “Those that have already demonstrated success boast robust transport connectivity, proximity and density, flexible accommodation, access to talent and innovation services, and a focus on national priorities. The importance of these common characteristics should always be appreciated before establishing new Innovation Districts, as should numerous successful factors before green-lighting development.”
 
The Future of Innovation Districts examines why unique selling points (USPs), high-quality talent pipelines, occupancy curation, supply chain representation, and a long-term vision for value and wealth creation are all imperative to Innovation Districts' sustainability, practicality, and success. The creation of effective technology transfer operations and mixed-use, flexible, and reconfigurable buildings is also discussed, before the viewpoint concludes with a call to action section for particular Innovation District ecosystem players. 
 
“With more executives, university leaders, and local government officials becoming involved in the creation and operational processes, it would be prudent to adopt an articulated focus, promote a world-class proposition, and drive innovation through opportunities creation,” added Dr. Khoury. “Every Innovation District must go above and beyond to surpass traditional business parks and differentiate themselves by accommodating every factor key to success.”

Posted by : GoDubai Editorial Team
Viewed 4346 times
Posted on : Monday, September 13, 2021  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Ogilvy Names Ben Messiaen Chief Client Officer for EMEA
Next Story : HFZA's Stand at Big Five Woos Investors with Exclusive Privileges and Offers
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Pandora and World-Renowned Author, Nadia Owusu, Release a Collection of Festive ...
ASTRONEF is a New mechanical Masterpiece Presented by Ateliers Louis Moinet
Big Crown Pointer Date Calibre 403
Symbolism and Style Defines Tanishq's Exclusive Year of the Fiftieth Collection
Curate your Stress-Free Skincare Regime for Less with Herbal Essentials
Channelling Power of the Mind and Body is the Key to Success, say Mindvalley Exp...
The Flormar Beauty Products we are Crushing on this Festive Season
BMW Announce the X7 UAE 50th Year Edition to Mark the UAE's Golden Jubilee
essence cosmetics' (National Day) edit
LG Electronics Announces New CEO and Other Changes to Aggressively Tackle 2022 a...
Catrice Cosmetics - Create your own look inspired by National Day!!!
Hail in the Festivities with India Gate
Rome Region brings the Great Italian Cuisine to Expo Dubai
The Sky Is the Limit for the World Food Programme's Humanitarian Efforts
GEMS Education Schools Celebrate the UAE's Golden Jubilee as they look ahead to ...
DLD: 5,352 Sales Transactions worth AED 13.12 Billion in October 2021
Orthocure SportsMed Clinic- Opens its grand doors at The Mall in Jumeirah
Get a National Day Super Slam at Denny's for Only AED 50
Swiss Arabian Launches New Unisex Fragrance Line to Honor the Region's Heritage ...
The Executive Committee of Ajman University's Board of Trustees Highlights the U...
UAE's Inspiring Growth Story and Sharjah's Cultural Vision Hailed on Concluding ...
House of Wisdom Showcases Immersive Learning Spaces for Creative makers at Shar...
Emirates Red Crescent and Abu Dhabi University Launch a Humanitarian Funding Cam...
Young Founders Hail Sharjah's Supportive Ecosystem at Sharjah Entrepreneurship F...
‘ICT Fund SEF Hackathon' Takes UAE Youth through an Exciting Entrepreneurial Ide...
In limelight of a new Guinness World Record PACE Education Group
Team Abu Dhabi Target Three World Titles in Dramatic Climax to Season
Lulu Group, Apparel, Centrepoint, ENOC, Splash, Jashanmal, Majid Al Futtaim, Moh...
PMI MENA calls for greater investment in technology to safeguard the region's future
Adek Celebrates the First Blue Tier School within Blue Schools Initiative and Re...
Homegrown Founders Credit Success to Supportive Local Ecosystem at Sharjah Entr...
'Being a Great CEO is most about Empathetic Leadership' say Business Heads at Sh...
GMIS PRL 7 Titled: Mohammed Bin Rashid Initiative for Global Prosperity Announce...
UAE Nursery Wins Two Coveted Titles in its First Academic Term
Al Maya Group Congratulate UAE Leaders for 50 Years Celebrations
DP World Bags Two Awards for its Remarkable Contribution to the Industry at the ...
LG Launches New Ultragear Gaming Monitor in the Gulf Region
Al Khoory Sky Garden Hotel Opens at the Heart of historic Dubai
EWEC To Conduct Second Clean Energy Certificates Auction in December
Malabar Gold & Diamonds Launches its first Artistry Concept Store in Somajiguda,...
Hotpack to Implement Xtendsales Mobile Salesforce Automation in Saudi Arabia
Puppets in the Classroom, making Grammar Engaging, and Maintaining Teacher Wellb...
#NoFilterDXB Revs Up as Hollywood's Hottest Wheels Dazzle the Harbour!
aswaaq Retail Celebrates UAE's 50th National Day with a Dedicated Store Fully Op...
Two-Time Champion Andy Murray Completes Star Line-up for Return of Mubadala Worl...
‘50 Years Down, Entrepreneurship will Serve as the Infrastructure of UAE's Post-...
Joyalukkas Announces Biggest Sale of Year for 5 Days!
Union Coop Announces 50 Jobs for Emiratis to Mark UAE's Golden Jubilee Celebration
Cisco and Expo 2020 Dubai Call on UAE's University Students to Shape the Future ...
Dubai Municipality Environment Initiative Wins Award at Global Forum on Human Se...