URB, a global developer of sustainable cities, launches the second edition of its urban-tech accelerator program, which offers up to $10 million in investment opportunities and support for early-stage urban tech start-ups.
The accelerator program is calling all urban-tech entrepreneurs who require support to scale any change-making innovations that will shape the future of urban living in the UAE.
The program is in accordance with the UAE’s Net Zero by 2050 strategic initiative, a national scheme to achieve net-zero emissions by 2050. The URB Incubator is designed to accelerate the initiative by developing an entrepreneurial spirit in the built environment in the UAE. The start-up program will empower a new breed of innovators to become the next leaders of urban tech solutions for a sustainable future.
Mr. Baharash Bagherian CEO URB
“Our aim is to discover, mentor, and invest in the next generation of urban-tech entrepreneurs in the UAE. The incubator will support urban technology companies, build the ecosystem, and transform the UAE into a global urban technology hub. With COP 28 approaching, we are focused on identifying and scaling the most impactful startups in the UAE that will help to achieve the country’s net zero targets by 2050.”
“The incubator is one of several initiatives by URB to enable and foster an ecosystem of sustainable innovation in urban planning. These initiatives, coupled with our ongoing projects, will help us with our mission to accelerate the world’s transition towards sustainable development,” the CEO added.
The incubator, in partnership with Anthill Ventures, offers up to $10 million in investment opportunities to winning entrants that meet the criteria for incubation. The main criteria are for projects to be at the proof-of-concept stage or beyond while demonstrating significant impact on shaping the future of cities. Smart cities are at the core of the incubator, and as such, the program is open to start-ups that are dealing with categories such as energy-tech, water-tech, agri-tech, waste-tech, mobility-tech, building materials, and smart-tech.
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