The Ministry of Industry and Advanced Technology (MoIAT) is hosting high-potential technology start-ups with a focus on sustainability and decarbonization to participate in a start-up competition implemented ahead of COP28, conforming with the vision of UAE Net Zero 2050 and the direction of the UAE towards sustainable economic development and industrial decarbonization.
The Ministry established the Make it in the Emirates Start-up Competition to give technological start-ups a venue where they can network with industry partners, meet investors, and discuss policy.
In addition to giving them the chance to learn from some of the greatest and brightest minds working in the sectors of sustainability, manufacturing, and technology, the competition welcomes transformative start-ups looking to make an impact on the world to display and propose new inventions and technologies. Additionally, the competition will give the startups the chance to work with different industry partners to further develop and implement their solutions in the UAE.
Only 24 start-ups from around the world will be eligible for the competition, which will take place at the Make It in the Emirates Forum from May 31 to June 1. Startups from a range of industries are encouraged to apply as long as they have a focus on sustainability, decarbonization, and digitization.
The Make It in the Emirates Startup Competition aims to support forward-thinking technology startups with ground-breaking sustainability-related ideas that have the potential to revolutionize and green already-existing industries while also laying the foundation for future green industries.
We live in a time when start-ups have the ability to completely disrupt businesses and rewrite the rules of the game, according to Tariq Al Hashimi, Director of Advanced Technology Adoption and Development at MoIAT. Additionally, these firms have intriguing answers for some of the most critical global problems, such as climate change. Access to finance and other enablers, however, continues to be a major obstacle for businesses all around the world. To give promising tech-driven, sustainability-focused businesses a stage at one of the biggest and most well-attended industrial investment events in the region, the Ministry of Industry and Advanced Technology is using the Make It in the Emirates Forum as a platform. This allows the companies to pitch, network, and learn.
Al Hashimi continued that startups taking part in the competition will have access to special investment and partnership opportunities, as well as get familiar with a variety of incentives provided by the UAE’s advanced technology ecosystem. As part of their aim to develop an industrial and technological ecosystem that fosters equitable and sustainable economic growth, the Ministry is dedicated to assisting businesses of all sizes.
The first round of selection will involve 24 start-ups, who will be chosen from the pool of applicants based on the innovation they have shown, their scalability and sustainability, their disruptive potential, as well as their marketing potential, competitive advantage, and good social impact.
Aspire, Mohamed Bin Zayed University of Artificial Intelligence, EDGE Group, Dubai Industrial City, the Technology Innovation Institute, UAE University, and Strata will all have representatives on the judging panel.
One of several programs offered under the Make it in the Emirates banner is the competition. The goal of Make it in the Emirates is to entice entrepreneurs, industrialists, and investors to the UAE so they may take advantage of the nation’s competitive advantages.
