Sharjah Innovation Park sets up a Healthcare Hub to bolster the growth of startups

The Sharjah Research, Technology and Innovation Park (SRTI Park) is intensifying its focus on Health Technology by setting up a Healthcare Hub that seeks to bolster growth of startups and SMEs specializing in AI-based diagnostics, medical devices rehabilitation and training.

The first step toward this goal was taken recently with the signing of a Memorandum of Understanding (MoU) with the International Conference of Pharmacy and Medicine (ICPM) to support the setting up of a Healthcare Hub at the SRTI Park. The aim is to create a vibrant ecosystem involving different stakeholders—government, academia, large corporations, and SMEs.

How will it work?

Keeping in mind the growing importance of the booming healthcare sector, SRTI Park aims to attract innovation-driven startups and SMEs in areas such as AI-based diagnostics, medical devices, medical rehabilitation and training. It also seeks to identify areas of cooperation with government bodies, academia and industry — as it facilitates prototyping, piloting and R&D operations at the technology park.

The technology park offers a conducive environment for innovation, backed by cutting-edge infrastructure and a collaborative community of like-minded professionals. Further, Sharjah's strategic location and investor-friendly policies enhance its appeal — making it an ideal destination for health tech ventures.

SRTIP provides a range of facilities designed to support health technology companies at various stages of development. These include:

  • Advanced Research Laboratories: Equipped with the latest technology, these labs enable companies to conduct groundbreaking research and development.
  • Incubation Centers: These centers offer startups the resources and mentorship needed to grow and thrive in the competitive health tech landscape.
  • Collaborative Workspaces: Flexible workspaces foster collaboration and innovation, allowing companies to share ideas and resources.
  • Funding and Investment Opportunities: SRTIP facilitates connections with investors and venture capitalists interested in health technology.

Sharjah also provides additional incentives for health tech companies, including tax exemptions, streamlined business setup processes, and access to a skilled workforce. The emirate's commitment to innovation is further reflected in its substantial investments in research and development.

The context

The health technology sector in the UAE is experiencing rapid growth, driven by increasing investments and a supportive regulatory framework. According to recent reports, the UAE's healthcare market is expected to reach $19.5 billion by 2025, with significant contributions from the health tech sector. In Sharjah, the focus on health technology has led to a surge in startups and established companies setting up operations in the emirate, leveraging its strategic advantages.

With its state-of-the-art facilities, supportive ecosystem, and strategic location, SRTI Park is positioning itself as the ideal destination for health tech companies looking to innovate and grow.

Through strategic initiatives and state-of-the-art facilities, SRTI Park has successfully attracted nearly 7,000 companies specializing in various technological fields. Establishing a technology hub is yet another forward-looking step taken by SRTI Park to make a mark on this promising sector.


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