16.5 C
Saturday, March 2, 2024

UAE startups explore AI, agritech, sustainability at Gitex Global

The UAE’s startup landscape has been evolving, with a more diverse range of companies emerging in recent years, moving beyond the e-commerce sector, according to industry leaders. Saeed Al Nofali, the director of In5, an enabling platform for entrepreneurs and startups, noted that startups are branching into fields like sustainability, agritech, and AI, not solely focusing on e-commerce as seen in the past.Photo: Waheed Abbas

Speaking at the Expand North Star conference in Dubai, where over 1,400 startups are presenting their solutions, Al Nofali emphasized the need to support and nurture quality startups.

He also highlighted the changing mindset regarding startup failures in the region, emphasizing the importance of education and collaboration to further develop the ecosystem.

Sheriff El Badwi, CEO of Dubai Future District Fund, noted that deep technical startups previously unseen in the MENA region are now entering the market, and the UAE’s robust infrastructure has attracted international venture capital firms. This growth in venture capital activity, along with a cultural shift, is driving progress in the startup ecosystem.

Next Article

Related Articles

International Jewellery Summit Sparkles in Dubai , Dazzling Unity

International Jewellery Summit in Dubai, The anticipation and excitement are palpable as the stage is set for the upcoming India Gem & Jewellery Show in...

Emirates Development Bank’s Impact on UAE Industrial GDP: A Catalyst for Economic Growth

Emirates Development Bank Empowers UAE's Industrial Growth with Boost to GDP Contribution Since the launch of its strategy in 2021, Emirates Development Bank (EDB) has...

UAE Corporate Tax Introduces Dh10,000 Fine for Late Registration

UAE Corporate Tax – Unveiling the Dh10,000 Fine for Late Registration The Ministry of Finance recently unveiled a new initiative aimed at bolstering compliance with...

Saudi Arabia and Qatar Join Forces in Bid for Transformative Egyptian Project, Prosperity Unleashed

Saudi Arabia and Qatar Compete for Revolutionary Egyptian Project In the race to invest in the Ras Ghamila area of Sharm El-Sheikh, Egypt, institutions backed...

Elon Musk Visionary Optimus Video Leaves Audiences Intrigued: Unraveling the Mystery Behind its Power

Elon Musk Visionary Video Leaves Viewers Intrigued Elon Musk has sparked widespread intrigue and speculation across social media platforms with the unveiling of a humanoid...

Latest Articles