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Monday, April 22, 2024

Dubai’s URB empowers urban tech entrepreneurs


Dubai’s URB has launched the second edition of its Urban Tech Accelerator program, which offers up to $10 million in investment opportunities and support to early-stage urban tech startups.

The accelerator program is bringing together all urban tech entrepreneurs who need support to scale up any changes, innovate and shape the future of urban living in the UAE.

The plan is in line with the UAE’s 2050 Net Zero Emissions Strategic Initiative, a national plan to achieve net zero emissions by 2050. The URB Incubator aims to accelerate the Net Zero 2050 initiative in the UAE by fostering bottom-up entrepreneurship in the built environment. The entrepreneurship program will enable a new generation of innovators to become the next leaders in technology solutions for sustainable future cities in the UAE.

Incubator goals

Baharash Bagherian, chief executive of URB, who has curated the design of several sustainable cities under construction, explained the main goals of the incubator.

“Our aim is to discover, mentor and invest in the next generation of urban tech entrepreneurs in the UAE. The incubator will support urban tech companies, build an ecosystem and transform the UAE into a global urban tech hub. As COP 28 approaches, we are focusing on Identify and scale up the most impactful start-ups in the UAE that will contribute to the achievement of the national net-zero emissions target by 2050.”

“The incubator is one of several initiatives at URB to promote and nurture an ecosystem of sustainable innovations in urban planning. Combined with our ongoing projects, these initiatives will help us achieve our mission of accelerating the world’s transition to sustainable development.”

The incubator, in partnership with Anthill Ventures, offers investment opportunities of up to $10 million to eligible winners. The main criterion is that the project is at the proof-of-concept stage or higher, while demonstrating a significant impact on shaping the future of the city. Smart cities are at the heart of the incubator, so the program is open to start-ups that are tackling key challenges in categories such as energy technology, water technology, agritech, waste technology, mobility, building materials and smart tech — trade arab news agency


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