Faris Musmar, CEO and Managing Partner of “Hatch & Post Ventures”, an incubator specializing in building startups in the UAE and the region, pointed out that, "One of the biggest challenges facing startups is having a scalable business model that is able to attract the attention of investors, while these companies should not rely on competitor models, but rather by using interesting models in the market."
"Business incubators not only provide the capital needed to maintain and expand operations; they can also provide valuable resources and expert opinion to ensure that startup founders have all the tools needed for growth. Companies can act as a participating institution, supporting startup teams in operational areas such as operations, sales, and marketing," he noted.
Source (Emirati Gulf Newspaper, Edited)
