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GrowthX, a startup accelerator program backed by Microsoft Abu Dhabi Investment Officeis now accepting applications for the third batch.
The program focuses on growth-stage (seed and Series A) startups in the Middle East, Turkey and Pakistan and will equip them with a corporate sales strategy and teach them to scale their business, Microsoft said Monday.
It said the 10-week virtual programme, which will run from September 19 to November 25, will ultimately increase the contribution of start-ups to Abu Dhabi’s startup ecosystem by driving economic growth and job creation.
“Tech start-ups, in particular, offer significant opportunities to accelerate innovation in the UAE and the region by bringing creative and unique solutions to various challenges. Abu Dhabi is committed to supporting and nurturing the growth of innovative businesses,” Adio Agency Director General Abdulla AlShamsi said.
Abu Dhabi continues to improve its start-up environment as it relies on technology to drive economic growth and inclusion across all industries.
The emirate is very active in promoting the industry through several initiatives.
In July, Abu Dhabi’s global tech ecosystem Hub71 announced its The second outlier procedurean annual initiative that invites start-ups around the world to solve practical challenges posed by participating organizations.
It also helps startups secure their operations and gives them access to up to AED 100,000 ($27,229) to fund their proof-of-concept.
In addition to the new members of GrowthX, Microsoft also announced that registration is open for the Highway to 100 Unicorns conference series, which is also supported by Adio and will invite industry leaders to attend.
over 45 unicornsStartups valued at at least $1 billion are expected to emerge from the MENA region by 2030, according to a recent report by Riyadh-based venture capital fund STV.
exist GrowthX’s latest planswhich welcomed 21 tech start-ups to a 12-week training course.
Naim Yazbeck, General Manager of Microsoft UAE, said: “We recognise the potential that start-ups hold to accelerate digital transformation across the region.
“We look forward to leveraging these businesses to further strengthen Abu Dhabi’s important role in the regional entrepreneurial ecosystem.”
Earlier this month, Microsoft and Emirates NBDDubai’s largest lender by assets, DIFC’s fintech hive to build 10-week global Metaverse Startup Accelerator Program.
Updated: August 29, 2022 at 10:51 am
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