Google wants companies in the UAE to be able to fail without stigma

By Bizclik Editor

The head council at Google has called on the UAE government to create a system where companies are able to fail without stigma.

Negative attitudes towards failing companies is currently deterring people from wanting to start their own companies. The new approach will help support an entrepreneurial culture, and will encourage more start-ups.

Kent Walker, global senior vice president and general counsel at Google, said: “One of the secrets of Silicon Valley is to create a culture of risk and reward. The dot-com boom and bust of the late 1990s may have left a ‘litter’ of failed technology start-ups, but those failures ultimately created the successes of today”

Decision makers in the UAE must work to create safe harbour policies for new companies, which includes flexible data sharing regulations and privacy rules that strike a balance between helping companies feel safe and enabling companies to innovate over existing platforms.

The new mindset will also stretch to the education system, so students willingly test out ideas without the fear of failure.


Featured Articles

Top 10 most innovative telecom operators in the Middle East

With Dubai-based Telecoms World Middle East in full swing, we chart the most innovative telcos from the region – and look at how they are transforming

Top 10 fastest-growing Indian companies in the UK

Business Chief takes a look at the top 10 fastest-growing Indian companies in the UK, according to the India Meets Britain Tracker from Grant Thornton

Top 10 workplaces prioritising people and planet in the UAE

Sustainable, flexible, collaborative, tech-driven, and amenities-rich, the office of the future considers both people and planet – here are 10 in the UAE

Top 10 female HR execs leading Saudi’s workplace transition

Leadership & Strategy

Top 10 largest asset managers by AUM operating in the UAE

Corporate Finance

Top 10 female CEOs leading Africa’s biggest businesses

Leadership & Strategy