The UAE’s ambition to pioneer a new era of innovation has set the nation on its next stage of growth, leading to the creation of a world-class diversified economy with Dubai being prominent amongst global business friendly destinations. Entrepreneurs, designers and students will benefit from a range of facilities, training, and business expertise as in5 outlines plans for January 2017 opening.
“Today with in5, we have created an ecosystem which thrives on innovation and creative thinking. in5 was first launched as we recognised a gap in industry resources catering to the specific needs of entrepreneurs setting up their businesses in Dubai to create impact across our region,” Malek Al Malek, chief executive of Tecom Business Parks, said.
The in5 facility will also provide a unique prototyping lab, offering the latest equipment, including 3D printers, electronics and modern machinery for designers working with metals, wood, plastic and textiles.
“Having started with technology, in5 has evolved to supporting start-ups in the media sector and now with our entry into design, we will aid in setting a new benchmark in creativity,” Al Malek said.
“Mentoring the creative community is a key part of d3’s vision and through in5, we see our vision becoming a reality, supporting the design and fashion industry through offering students, entrepreneurs and new businesses the opportunity to transform their ideas into successful commercial ventures,” Mohammad Saeed Al Shehhi, COO of Dubai Design District, said.
Analysts on Sunday also revealed that 91 per cent of the design market in the Mena region is driven by the fashion, furniture, and architecture segments.
“In the Mena region, the design industry is gaining grounds: its market value has overpassed $100 billion in 2014 and it has grown at more than double the pace of the global industry over the last four years,” it said.