Virtuzone teams up with Etisalat, Aramex, Launch DXB to launch the first eCommerce-focused accelerator programme in the UAE and MENA region
The UAE’s company formation specialists, Virtuzone, alongside Etisalat, Aramex and Launch DXB have announced the launch of AMP – the first accelerator programme dedicated to fast-tracking the growth of eCommerce startups in the country, amplifying their presence across the Middle East and North African region.
Startups that join the AMP programme will get AED 60,000 worth of premium benefits and subsidies that cover the bulk of operating costs for trade licencing, bank account opening, eCommerce website development, payment gateway, digital marketing, shipping, warehousing, logistics, office space, and mentorship, among other eCommerce business requirements.
Esam Mahmoud, Senior Vice President, Etisalat SMB, said: “Building an enabling environment for eCommerce businesses aligns with our vision at Etisalat to make eCommerce easier and more accessible. We are excited to collaborate with Virtuzone on the ‘Amplify programme’ AMP to create a holistic startup ecosystem in line with Etisalat’s strategic objectives of empowering the business ecosystem in the UAE and enabling digital transformation among SMBs, while equipping entrepreneurs with the tools and resources they need in one comprehensive business solution.”
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Ahmed Marie, General Manager of Aramex in the UAE, said: “We are excited to be a part of this landmark initiative by Virtuzone, the first of its kind in the region. We share a similar goal with Virtuzone, which is to enable the uninterrupted growth and advancement of the country’s eCommerce business community. With this in mind, we have recently introduced Aramex SMART, an innovative solution that revolutionises the online shopping experience for both the buyers and e-tailers. We see AMP by Virtuzone as the ultimate opportunity for aspiring eCommerce entrepreneurs to start their business, without worrying about significant costs, such as logistics and shipping overhead.”
The core objective of AMP by Virtuzone is to accelerate the growth process for aspiring eCommerce entrepreneurs, minimise the risks and challenges involved, and put them in a position to succeed. To make AMP accessible to any entrepreneur, the accelerator programme is offered free of cost with the establishment of an eCommerce company with Virtuzone.
Neil Petch, Chairman and Co-founder of Virtuzone, said: “We have launched AMP by Virtuzone with a vision to create a space that enables creative collisions to occur among eCommerce founders that can lead to phenomenal outcomes. With the tremendous growth of the UAE’s digital economy, which now accounts for 4.3 percent of the nation’s GDP, we felt that it is our duty to create the perfect opportunity for aspiring entrepreneurs to harness this potential, while supporting the vision of the UAE government to build a robust digital economy and facilitate digital transformation across all sectors. Our goal is to enable the success of new eCommerce businesses, and not just to see them survive, but to thrive.”