Dubai Airport Freezone Authority (DAFZA) just announced the launch of Goodforce Labs, an innovative startup incubator that is focused on transforming ethical startups in the Islamic sector and Halal industries into global success stories.
The incubator will work towards revitalizing the Islamic ethical economy while utilizing a deep venture building platform. This will be achieved by selecting a group of startups and SMEs, and support them towards $50 million through annual revenues and measurable social impact.
The incubator aims to help startups and corporate intraprenuers in starting, managing and developing their businesses into global social impact-driven companies. It will be providing a range of services for startups including design, marketing, operations management and more.
Goodforce Labs was launched during a special event attended by Nasser Al Madani, DAFZA’s Assistant Director-General; Amna Lootah, Assistant Director General – Finance, Commercial & Customer relations Division Foster of DAFZA Innovation & Future Unit; Saeed Kharbash, Deputy CEO, Dubai Islamic Economy Development Center; and Rafi-uddin Shikoh, Director of Goodforce Labs and CEO and Managing Director of DinarStandard, along with a group of entrepreneurs, Islamic economy experts, and investors.
Nasser Al Madani, Assistant Director General of DAFZA, saying: “Hosting Goodforce Labs confirms our pivotal role as an essential and active partner in bolstering Dubai’s position as a capital of Islamic economy and enhancing its position as a global hub and a reference point for best criteria and innovations in all its sectors. This incubator will be pivotal in supporting Islamic industries, developing the Halal sector, and spreading the Islamic lifestyle which encompasses culture, arts, and family tourism around the world.”
Some of the startups that have joined Goodforce Labs include Growmada, an online platform for handicrafts from developing countries, Waqf 2,0, a cloud-based platform that manages Awqaf, and Smart Halal, a learning platform for Halal food industry professionals.
Goodforce labs was launched with support from DAFZA and the Dubai Islamic Economy Development Center.
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