Indian Startups Awarded Office Space And Business Setup Support In Dubai
Two innovative startups from India have won free office space and company setup in Dubai at a pitch competition during the first-ever Dubai Startup Hub Roadshow hosted in Delhi and Bangalore, the Dubai Chamber of Commerce and Industry announced in a statement last week.
Organised by Dubai Startup Hub and Dubai Technology Entrepreneur Campus (Dtec), a wholly-owned tech-startup hub by Dubai Silicon Oasis Authority, the competition received entries from more than 200 startups in India. Sixteen startups were shortlisted and pitched their businesses for an opportunity to expand their operations into Dubai.
New Delhi-based B2B e-commerce platform for marine procurement ShipsKart claimed first place, winning free office space and business setup at Dtec for one year.
Meanwhile, second place winner Loktra, a Bangalore-based banking operating system delivering banking as a service, received flexi-desk space at Dtec and company set up for a year.
Omar Khan, Director of International Offices at Dubai Chamber of Commerce and Industry, said in a statement that the winning startups offer unique business concepts that meet market needs and support Dubai’s Smart City vision.
Khan previously noted that Indian businesses are well represented within Dubai’s business community, and that 30 percent of startups registered with Dubai Startup Hub members are Indian-owned. More than 38,000 Indian companies are Dubai Chamber members.
Hans Henrik Christensen, Vice President of Dtec, added: “The noteworthy success achieved through this roadshow reflects the Indian investors’ and entrepreneurs’ confidence in Dubai, due to its vibrant growing entrepreneurial ecosystem. Innovation is at the core of the sustainable development drive of the UAE and a pillar in boosting its competitiveness.”
Dubai Silicon Oasis Authority established Dtec in 2015, to provide advanced facilities to startups and entrepreneurs that develop innovative solutions in smart cities, overcoming congestion, waste management and energy efficiency. The hub is currently spread over an area of 5000 square meters, and home to more than 800 startups from 72 countries.
The three-day roadshow provided a platform for Indian startups to learn about Dubai’s entrepreneurial ecosystem and the vast opportunities, programmes and resources it has to offer.
The Dubai Startup Hub roadshow to India was supported by Startup India and NASSCOM 10000 Startups, in addition to Dtec, and STEP Group. The roadshow included visits to New Delhi and Bangalore, roundtable and panel discussions, and success stories from Indian startups that have benefited from the Dubai Startup Hub platform and built successful businesses in Dubai.
Dubai Chamber launched Dubai Startup Hub in 2016 as an online platform to connect startups, entrepreneurs, developers, venture capitalists and students, enabling them to learn about new opportunities and create new partnerships that stimulate economic growth.