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The Lab Holding, a newly established DIFC-based hotel group established in 3Fils, Brix, Kanji, Stranger Wings and Hoa Poke, today announced the launch of two new food technology startups through its startup studio. The Lab Holding made its debut with strong industry expertise and plans to provide services to the ecosystem of hotel and food technology solutions, aiming to solve the challenges faced by enterprises in the catering and technology industries.
With extensive knowledge of the catering industry, The Lab Holding intends to become one of the regional leaders in holding avant-garde digital and physical assets. The company works with enthusiastic future entrepreneurs to create a multi-million dollar investment portfolio, hoping to further expand its regional expertise in food technology in the next 5 years.
Lab Holing aims to serve the venture capital and growth market by leveraging the expertise of its Startup Studio members to reduce the original risk of revenue and cost of start-ups and the duplication of resources. In addition, as an ecosystem, it allows companies and partners to showcase their products and test the market, and provide the flexibility to quickly adapt to market feedback.
Its vision is to help local and international serial entrepreneurs quickly expand and test as many products as possible in the local market within 6-9 months. This will truly reflect the organization’s philosophy, which is to create a space where people can enjoy the ultimate experimental and innovative experience.
To further fulfill its commitments, The Lab Holding has included these mission-oriented companies under its umbrella, including diversified catering startups; each of its departments, whether digital or traditional, contribute to the success of each other . The Lab Holding plans to expand its cooperation to other organizations with common values in the future.
“During Covid-19 Pandemicin 2020, Foodtech solutions become indispensable, and developing business in the digital field to quickly adapt to the forced changes of the public’s behavior cannot be ignored. The Lab Holding looks forward to the future as it creates Solutions to demonstrate their knowledge and experience in the market.” said Lab Holding’s CEO (Ahmed),
Dubai is increasingly becoming an international gourmet destination. Dubai ranked 4th in the scale of GDCI in 2018, with the highest average daily consumption of global tourists at US$553, compared with US$296 in Paris and US$272 in Singapore. As for local residents, more than 50% of people prefer quality and value and health awareness more than ever.
Tarek Taji, Portfolio Manager of The Lab, said: “The startup of a startup studio focused on the restaurant/hospitality industry will help small businesses to effectively establish and implement their business strategies by leveraging the internal compilation expertise of their members, and for investment Provide the minimum risk” to keep.
After the Covid era, the amount of funds used for food technology companies will only increase, thus starting a new wave of innovation and constructive disruption in the catering industry.
About Lab Holdings:
The Lab Holding is an organization that holds, invests and develops assets in the technology, food and beverage and hotel industries.It operates as an investor in its wholly-owned and partially-owned subsidiaries, and jointly manages its strategy and policies through an avant-garde entrepreneurial studio model
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