Dubai-UAE: 19 June 2017: since its inception in 2016, in5, launched by TECOM Group, has enabled entrepreneurs and startups in the technology sector in the UAE and the wider Middle East to bring their business ideas to life. Making a large contribution across the entrepreneurial value chain, and building up Dubai’s pool of talented entrepreneurs, in5 has successfully helped incubate over 160 entrepreneurs and startups which have secured approximately over AED140 million in funding to date. In 2016, in5 diversified to serve Dubai’s design industry with the launch of its third centre, which built upon existing capabilities supporting innovation within the technology and the media sectors.
Furthering TECOM Group’s vision to foster entrepreneurs and startups, in5 ventured into media, one of the key industries within TECOM Group’s ecosystem, with the launch of its media innovation centre located in Dubai Production City. From world-class facilities to technical support, the centre enables start-ups to accelerate the development of their businesses, students to build skill-sets within the industry and media enthusiasts such as filmmakers, graphic designers and photographers to develop capabilities that will drive innovation and position Dubai at the forefront of the region’s media industry.
in5 houses some of the most advanced creative facilities, including fully equipped production and recording studios, screening rooms, and editing suites, making it an ideal hub for diversified content creators to work collectively on media-related endeavors. In addition, in5 offers a variety of educational programmes and workshops to equip its members with the latest skills and knowledge to grow and excel.
As part of its commitment and offerings to its members, in5 has partnered with UTURN, the leading Arabic entertainment network on YouTube, to offer expert guidance, industry training, and workshops focused on technical skills, and digital content development. The partnership will seek to leverage UTURN’s vast experience in creating digital content for regional audiences, focusing on diverse content formats with parallel modules on business and media strategies, market research, audience engagement and branding. Since its inception, the UTURN network has grown to include 100 channels with 33 million followers. Its channels receive over 120 million views a month with more than 80 percent of all content that it produces now viewed on-the-go, via a mobile device.
Commenting on the partnership, CEO of TECOM Business Parks, Malek Al Malek, said: “The media industry in the region and around the world is undergoing a significant transformation, with digital content and platforms driving this change. According to the Arab Media Outlook Report, people in the region spend 10.9 hours per day consuming media of which 41% is in digital formats. With the media industry set to grow to US$12.4 billion by 2018, we believe our partnership with UTURN places us in a unique position to enable success for digital media entrepreneurs.”
“This partnership will help startups embrace the current industry-wide digitisation trend and equip them with the necessary knowledge and tools to navigate the rise of the digital media ecosystem and establish a new benchmark in innovation and creativity for the region,” said Al Malek.
Kaswara Al-Khatib, Founder of UTURN, commented: “Since our launch, UTURN has consistently scaled new heights in creating and delivering memorable content to audiences across our region. Today, we are proud to partner with in5 and help create the next generation of media companies. The emergence of digital platforms requires us to be nimble and fast-paced in creating content which can be consumed across mobile, web, TV and more. We remain focused on innovative content creation, acceleration of concepts, imparting education and building a talented community of media professionals.”
in5 is the enabling platform for entrepreneurs and startups in the region. Launched by TECOM Group, in5 has created within the region a well-rounded ecosystem for entrepreneurs and start-ups to be incubated and nurtured to their next phase of growth, as TECOM Group’s commitment to foster and drive innovation and growth.
Students, entrepreneurs and startups across a range of subjects and industries can be a part of the community that enables creative minds and ideas to thrive through the three dedicated innovation centres:
Students, entrepreneurs and start-ups across a range of subjects and industries can be a part of the community that enables creative minds and ideas through a variety of memberships, ranging from access to creative spaces and specialised facilities and networking events all the way over to dedicated workspaces and private offices.
Interested individuals keen to benefit from in5’s offerings and facilities can find out more and submit their applications at www.in5.ae