Dubai Startup Hub, an initiative of the Dubai Chamber of Commerce and Industry said that seven innovative tech startups announced the partnerships with leading UAE companies and organizations on new pilot projects.
This announcement was made during the successful conclusion of the fourth cohort of Market Access. The cohort attracted submissions from 76 startups, of which 36 percent came from the UAE, while 64 percent came from other nations, including India, Egypt, Israel, and so on.
The leading companies Sumitomo Corporation, Emirates Post Group, and Accenture will collaborate with seven startups on projects that will develop solutions in the areas of travel technology, health security, robotic process automation, customer relationship management, and IoT-enabled technologies to control water usage and temperature.
Corporates team up with startups
Emirates Post Group will partner with Quickwork Technologies, a middleware company that supports digital transformation companies; and IN-D AI, a supplier of AI applications that automate the reading, data retrieval, and classification of data.
Accenture has chosen Verismart, an airport identity blockchain platform; WideBot, an Arabic chatbot builder; and Naurt, a navigation monitoring software provider that helps to work on upcoming projects.
Sumitomo Corporation will team up with Ronds Technologies, a provider of end-to-end IoT solutions integrating hardware, networking, and software; and Alcodex, an IoT based solution provider for remote monitoring of air, water, soil, and habitat.
The final start-ups were chosen from a group of shortlisted applicants who pitched business ideas and solutions to the corporate members’ current challenges. Shortlisted startups received two weeks of business training and all type of supports.
Natalia Sycheva, Senior Manager at the Dubai Chamber for Special Projects and Entrepreneurship, noted that the fourth Market Access cohort demonstrated the potential of the program to meet the changing needs of the business landscape of Dubai in the new normal and attract global startups providing cutting-edge solutions that resolve current market challenges.
She further stated that the last cohort saw the first submissions from Israeli startups specializing in transport, artificial intelligence, and software technology, adding that the high quality of submissions represented the tremendous potential that Israeli companies can bring in the UAE.
Dubai Startup Hub
The Dubai Startup Hub, founded in 2016 by the Dubai Chamber, is the first of its kind in the Middle East and North Africa (MENA) region. The initiative intends to highlight the importance of cooperation between the public and private sectors. Also, it embodies the goal of fostering innovation and entrepreneurship as a core driver of the Dubai and UAE economies.