Indian Fintech And Health-Tech Scale-ups Eye Partnerships With UAE Entities as Dubai Tech Tour concludes
Fifteen Indian fintech and health-tech scale-ups secured more than 160 virtual meetings with public and private sector stakeholders from the UAE as part of Dubai Chamber of Commerce and Industry’s first-ever Dubai Tech Tour.
The three-week virtual trade mission saw the startups pitch their businesses to prospective investors and potential business partners, including corporates and peer scale-ups in Dubai, taking them a step closer to building new business partnerships in the emirate.
Six high-potential scale-ups were also selected to participate in the third cohort of Market Access, a Dubai Startup Hub programme that fosters business partnerships between corporates and startups.
Organised by Dubai Startup Hub and Dubai Chamber’s representative office in Mumbai in partnership with Startup India and Mumbai Fintech Hub, the Dubai Tech Tour also familiarised participating scale-ups with Dubai’s economy, business environment and competitive advantages.
Omar Khan, Director of International Offices at Dubai Chamber, said in a statement that the Dubai Tech Tour is a prime example of how Dubai Chamber’s international offices are attracting promising global startups with cutting-edge solutions that support the emirate’s innovation strategy.
He added that the event created new channels of collaboration between business communities in the UAE and India, underlining the tremendous potential for bilateral business partnerships in the fast-growing fintech and health-tech sectors.
Natalia Sycheva, Manager of Entrepreneurship at Dubai Chamber, said the Dubai Tech Tour achieved its objectives as it provided an ideal platform for Indian scale-ups to explore business prospects in the UAE and make meaningful connections with government entities and businesses investing in fintech and health-tech. The benefits for the participants scale-ups are far reaching, she said, as participants are also able to take advantage of various other programmes, initiatives, support and resources offered by Dubai Startup Hub.
The participating scale-ups were shortlisted from more than 200 applicants looking to participate in the event. A total of seven virtual events were organised as part of the tour with more than 600 participants, including 30 UAE entities.
The Dubai Tech Tour is a continuation of the combined efforts of Dubai Chamber’s Mumbai office’s and Dubai Startup Hub to attract Indian scale-ups and startups that support Dubai’s vision to become a global innovation hub and knowledge-based economy. Efforts began last year when Dubai Startup Hub organised a roadshow to New Delhi and Bangalore in cooperation with Dubai Technology Entrepreneur Campus (Dtec), the largest hub of its kind in the region and wholly owned by Dubai Silicon Oasis Authority (DSOA), where two Indian startups were selected as part of a competition and awarded office space at Dtec.
Established by Dubai Chamber in 2016, Dubai Startup Hub is the first initiative of its kind in the Middle East and North Africa region. The hub has been designed to emphasis the value of public and private sector collaboration and embodies the aim of encouraging innovation and entrepreneurship as a main driver of the economy of Dubai and the UAE.