Three leading UAE corporates have announced plans to collaborate with startups on new pilot projects, following two days of business matchmaking and pitching sessions at the STEP Conference 2020 in Dubai.
The two-day event, hosted by Dubai Startup Hub as part of its Market Access programme, concluded with the corporate members announcing the names of startups that they will join forces with.
While Sumitomo will collaborate with Basetrack, which uses advanced cartography and high precision telemetry to control vehicles and provide real-time fleet management, Mediclinic chose four start-ups, namely Nearmotion, Healthigo, Eternity Medicine and InstaPract to help them with interactive customer engagement, dealing with diabetes reversal and anti-aging, cloud technology and the region’s first white-labelled telehealth platform.
The startups were selected from a pool of 21 shortlisted candidates that pitches business concepts and solutions that addressed existing challenges for corporate members related to procurement, supplier management, warehousing, investment in future of mobility, e-commerce transformation and reimagining customer experience.
Natalia Sycheva, manager of Entrepreneurship at Dubai Chamber said the Market Access programme attracted a record number of international startups, with 40 per cent of the 100 submissions coming from outside of the UAE, reaffirming Dubai’s status as a global hub for entrepreneurs.
Around 11 per cent of startup entries came from Russia, followed by the EU (10 per cent), India (8 per cent) and other countries (11 per cent). The competing start-ups specialise in mobility, logistics and supply chain, green energy, healthcare and enterprise solutions, she revealed, adding that Market Access provides an attractive platform for global startups that plan to enter the Dubai market.
“STEP Conference 2020 proved to be an ideal platform for our corporate members and participating startups to network and collaborate, while the event also gave us an opportunity to showcase the benefits of joining Market Access and other initiatives and programmes offered by Dubai Startup Hub, such as the Dubai Smartpreneur Competition 5.0 and Co-Founder Dubai,” said Natalia Sycheva, Manager of Entrepreneurship at Dubai Chamber.
“We look forward to seeing the end-product of the partnerships that have been facilitated by Market Access.”
Dubai Chamber launched Dubai StartUp Hub in 2016 as an online platform to connect start-ups, entrepreneurs, developers, venture capitalists and students, enabling them to learn about new opportunities and create new partnerships that stimulate economic growth.
Market Access is one of Dubai Startup Hub’s flagship programmes designed to facilitate partnerships between corporates and start-ups. The programme offers annual membership to corporates with four matchmaking events held throughout the year. – TradeArabia News Service
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