UAE - Mubasher: Majid Al Futtaim has launched an accelerator programme 'Majid Al Futtaim Launchpad' to attract startups and small and medium-sized enterprises (SMEs) in strategic sectors.

The Launchpad reflects the company’s role in the private sector and support of local economies' growth, according to a press release on Wednesday.

In partnership with AstroLabs, a technology ecosystem builder in MENA, the accelerator programme will offer various benefits to startups and SMEs in the region, including business growth incentives, mentorship programmes, and an innovation ecosystem.

The Chief Corporate Development Officer at Majid Al Futtaim - Holding, Joe Abi Akl, said: "Our new Majid Al Futtaim Launchpad programme aims to facilitate state-of-the-art solutions and services while inspiring, nurturing and growing the startup and SME ecosystem that exists today."

Meanwhile, the CEO of AstroLabs, Roland Daher, commented: "Established organisations like Majid Al Futtaim can leverage market access, and recognize the need to integrate startups into their value chain to stay ahead of disruption."