UgaritLabs Officially Launches at SYNC25, Ushering in a New Era of Innovation and Investment in Syria
UgaritLabs launches as Syria's venture catalyst, empowering startups with global opportunities from Damascus.
Damascus, August 8, 2025 — In a landmark moment for Syria’s entrepreneurial and economic future, UgaritLabs was officially launched today during SYNC25, the country’s premier innovation and technology gathering, held in Damascus. Positioned as a catalyst for regional growth, UgaritLabs is designed to support and scale high-potential companies by connecting them with talent, capital, and global opportunities — all from the heart of Syria.
Founded with a mission to transform local potential into globally competitive ventures, UgaritLabs offers end-to-end services for startups and investors, including incubation, business development, operational support, and regional expansion strategies. The lab draws its name from Ugarit, the ancient Syrian city known as the birthplace of the alphabet — a powerful symbol of invention, culture, and communication.
“UgaritLabs was born out of necessity — a response to the urgent need to activate Syria’s greatest asset: its people,” said Anas Abbar, Chairman of UgaritLabs. “It’s time to build new bridges between talent and opportunity, and between local entrepreneurs and global investors. We chose SYNC25 to launch UgaritLabs because it represents the spirit of progress, possibility, and pride that we believe Syria stands for.”
SYNC25, the largest tech and creative industries event in Syria, provided the perfect stage to unveil UgaritLabs — surrounded by developers, founders, investors, and government leaders eager to unlock the region’s untapped potential. The announcement received enthusiastic support from key players in Syria’s business and innovation sectors.
At the core of UgaritLabs is a multidisciplinary team of experts — Syrians from the diaspora and within the country — working hand in hand to provide companies with tailored resources and scalable models. Whether it’s helping a startup develop its MVP, connecting SMEs to cross-border investment, or enabling international companies to set up their back office operations in Syria, UgaritLabs aims to be a one-stop destination for business creation and growth.
Why Syria?
Syria offers a unique blend of affordability, educated talent, strategic location, and cultural resilience. Its youth population is digitally native, highly educated, and eager to contribute to rebuilding their economy. With competitive costs, world-class universities, and a growing appetite for innovation, Syria is becoming one of the most promising frontiers for regional expansion — especially for companies looking to establish technical and operational hubs.
UgaritLabs is already in discussions with several regional companies to set up operations in Syria and aims to launch its first accelerator cohort by the end of 2025.
For more information, visit www.ugaritlabs.com.
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About UgaritLabs
UgaritLabs is a venture catalyst and innovation hub launched in 2025 to support the next generation of Syrian and regional innovators. By combining entrepreneurship training, startup services, investor matchmaking, and community support, UgaritLabs aims to unlock Syria’s economic and creative potential while fostering inclusive growth across the Middle East.
