Dubai Next, launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, and Chairman of the Executive Council in the emirate, is the first official digital crowdfunding platform for creative ideas in the UAE. Aimed to facilitate funding for startups and innovative ideas, Dubai Next allows individuals belonging to any nationality, residing in the UAE, aged 12+ to create campaigns online and seek funds for turning their ideas into reality. The campaigns are brought to life with the direct support of a vast community of contributors, including friends, family, companies, and the public. Contributors get to choose from a variety of unique rewards offered by the campaign owner. The amount contributed can be refunded if the campaign fails to reach its target and campaign owners continue to keep 100% ownership of their project.
The not-for-profit platform is operated by Dubai SME, the agency of Dubai Economy mandated to develop the small and medium enterprise (SME) sector.