Business

SRTI Park and Mashreq Bank collaborate to support UAE SMEs and start-ups

SRTI Park and Mashreq Bank collaborate to support UAE SMEs and start-ups

Sharjah: Sharjah Research Technology and Innovation Park (SRTI Park) and Mashreq Bank have signed a MoU to support companies located within the techno-hub zone.

As part of the partnership, Mashreq Bank will host a series of hackathons in partnership with SRTI Park - and the bank will provide mentors to offer start-up founders and SMEs with any key advice they require.

Priority Banking Services

Furthermore, SRTI Park and Mashreq Bank will collaborate in a range of areas to meet the banking and financing needs of Small and Medium Enterprises (SMEs). This will include providing priority account openings to SRTI’s eco-system through the bank’s exclusive digital banking platform for start-ups, NEOBiz, as well as through its conventional business banking unit.

Mashreq Bank will also explore developing account opening solutions for startups through deeper integration with SRTI Park. On its part, SRTI Park will promote relevant banking products within its community.

Hussain Al Mahmoudi, CEO of SRTI Park, said “SRTI Park aims to develop and manage an innovation ecosystem within a free zone that promotes research and development and supports enterprise activities and continues extensively in its efforts to attract and host knowledge-intensive businesses in the UAE.”