Al Tomooh - Startup Business Incubator

"Al Tomooh means ambition- the Ambition that rests in the heart of the entrepreneur - an appropriate name for a financial scheme designed to stimulate creativity and encourage the entrepreneurial spirit amongst UAE Nationals. "

Al Tomooh is the Brainchild of HE Ahmed Humaid Al Tayer, the Chairman of Emirates Bank. Ofcourse has blessings of Dubai Chamber of Commerce and Department of Economic Development. Al Tomooh is a financial scheme designed to support small businesses whose total required investment cost does not exceed AED2 million.

A very throughly laid out and structured business startup fund. The selection criteria is tough and from the sections such as "Making of an Entrepreneur" it can be seen how quality guidence and mentoring is extended to the young guns. A look at the approved projects shows the efforst in actions. Some of the approved projects are :

• Scuba Tec
• ASPEN CREATION
• Dubai Artistic Innovation
• EuroTech Auto Maintenance
• GIFT BASKET
• Hapri Insulation Materials
• Al Meel Rent a Car
• Al Jallaf Advocates & Legal Consultants. (ALC)
• Amal & Amal (Arabic Greeting Cards)
• The Chase Advertising
• Xcom Electronics Industries
• Chic Mamair
• LEATHER PRODUCTION FACTORY

and many more which can be seen at Al Tomoohs website. The list of preferred businesses in very diverse and this is proved by looking at the sucess stories section which talks about a blue chip business.

But remember its a UAE National ONLY initiative.!!