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.

Emirates NBD will join forces with Cloudia, Dafar DMCC/PurchasePerfect, PassPadu, and Arcab, to focus on issues of procurement, extracting information from unstructured data and digital mobility service.

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% of the 100 submissions coming from outside of the UAE, reaffirming Dubai’s status as a global hub for entrepreneurs.

Around 11% of startup entries came from Russia, followed by the EU (10%), India (8%) and other countries (11%). 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. We look forward to seeing the end-product of the partnerships that have been facilitated by Market Access,” said Natalia Sycheva, Manager of Entrepreneurship at Dubai Chamber.

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.

© Press Release 2020

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.