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Mohammad Albalooshi

👤 Person
153 total appearances

Appearances Over Time

Podcast Appearances

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

We work with all our corporate partners and help them in scouting startups and innovative technologies.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

We work with all our corporate partners and help them in scouting startups and innovative technologies.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

To obtain, of course, the DIFC Innovation License and to be part of the DIFC Innovation Hub, It's a physical community. So, yes, you have to be on ground. And honestly, our accelerator programs, I think, are the perfect platform for global startups that are actually looking to enter the market. It gives you the right platform to come and get a pulse of the market and then establish and scale.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

To obtain, of course, the DIFC Innovation License and to be part of the DIFC Innovation Hub, It's a physical community. So, yes, you have to be on ground. And honestly, our accelerator programs, I think, are the perfect platform for global startups that are actually looking to enter the market. It gives you the right platform to come and get a pulse of the market and then establish and scale.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

To obtain, of course, the DIFC Innovation License and to be part of the DIFC Innovation Hub, It's a physical community. So, yes, you have to be on ground. And honestly, our accelerator programs, I think, are the perfect platform for global startups that are actually looking to enter the market. It gives you the right platform to come and get a pulse of the market and then establish and scale.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

Also, I think, you know, events such as Dubai Fintech Summit, we also host them so people from other parts of the world can actually come to Dubai and get a pulse of the market, engage with the community, and then hopefully they like the community and the ecosystem here and decide to set up shop and be on ground.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

Also, I think, you know, events such as Dubai Fintech Summit, we also host them so people from other parts of the world can actually come to Dubai and get a pulse of the market, engage with the community, and then hopefully they like the community and the ecosystem here and decide to set up shop and be on ground.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

Also, I think, you know, events such as Dubai Fintech Summit, we also host them so people from other parts of the world can actually come to Dubai and get a pulse of the market, engage with the community, and then hopefully they like the community and the ecosystem here and decide to set up shop and be on ground.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

For you to operate, you would need a license, a commercial license. You need to set up a legal entity for you to be able to, of course, open a bank account, a business bank account, and hire people and so on and so forth. So I think in the IFC, given its unique legal framework, we've been able to create dedicated licenses. So initially, we had the IFC Innovation License.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

For you to operate, you would need a license, a commercial license. You need to set up a legal entity for you to be able to, of course, open a bank account, a business bank account, and hire people and so on and so forth. So I think in the IFC, given its unique legal framework, we've been able to create dedicated licenses. So initially, we had the IFC Innovation License.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

For you to operate, you would need a license, a commercial license. You need to set up a legal entity for you to be able to, of course, open a bank account, a business bank account, and hire people and so on and so forth. So I think in the IFC, given its unique legal framework, we've been able to create dedicated licenses. So initially, we had the IFC Innovation License.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

which is heavily subsidized to be able to support startups. It's 90% subsidized because our thesis is that, you know, when startups are early stage, they have an idea. We want to make it as easy as possible for these guys to kind of come and launch their ideas. But that is a DRC jurisdiction license. It allows you to operate as a full-fledged entity in a free zone. It can be 100% foreign owned.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

which is heavily subsidized to be able to support startups. It's 90% subsidized because our thesis is that, you know, when startups are early stage, they have an idea. We want to make it as easy as possible for these guys to kind of come and launch their ideas. But that is a DRC jurisdiction license. It allows you to operate as a full-fledged entity in a free zone. It can be 100% foreign owned.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

which is heavily subsidized to be able to support startups. It's 90% subsidized because our thesis is that, you know, when startups are early stage, they have an idea. We want to make it as easy as possible for these guys to kind of come and launch their ideas. But that is a DRC jurisdiction license. It allows you to operate as a full-fledged entity in a free zone. It can be 100% foreign owned.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

There's no restriction on capital repatriation, no restriction on foreign talent. Now, I think our approach on the AI license was curating an activity which is dedicated. So when you apply for an AI license, we of course look at the business model. It goes through a committee. You're actually somebody that has built or is actually using AI.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

There's no restriction on capital repatriation, no restriction on foreign talent. Now, I think our approach on the AI license was curating an activity which is dedicated. So when you apply for an AI license, we of course look at the business model. It goes through a committee. You're actually somebody that has built or is actually using AI.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

There's no restriction on capital repatriation, no restriction on foreign talent. Now, I think our approach on the AI license was curating an activity which is dedicated. So when you apply for an AI license, we of course look at the business model. It goes through a committee. You're actually somebody that has built or is actually using AI.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

So that is more of a validation that yes, you are an AI entity and you get an AI license. So I think for AI companies to come and set up, this is sort of a validation as well that, yes, you are an AI company and you're licensed by Dubai government as an AI entity, which also enables them to kind of go and work with other government entities.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

So that is more of a validation that yes, you are an AI entity and you get an AI license. So I think for AI companies to come and set up, this is sort of a validation as well that, yes, you are an AI company and you're licensed by Dubai government as an AI entity, which also enables them to kind of go and work with other government entities.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

So that is more of a validation that yes, you are an AI entity and you get an AI license. So I think for AI companies to come and set up, this is sort of a validation as well that, yes, you are an AI company and you're licensed by Dubai government as an AI entity, which also enables them to kind of go and work with other government entities.