The unicorn status of climate-tech firms is less a speculative bubble and more a reflection of an evolving market reality, but investors and founders must be prepared for a longer runway to success
tech startups
Latest in tech startups
business environment
Indian tech turns to Dubai as startup funding, digital economy policies go into force, Dubai Chambers boss says
The Dubai Chamber of Commerce reported a significant year-on-year growth in new Indian-owned companies registering in Dubai, with Indian investors ranking highest among nationalities contributing to new company registrations
digital economy
Dubai announces launch of unified initiative to support tech startups
The announcement is a “call for action,” says UAE Minister of AI as the city plans to empower tech startups and double their GDP contribution to 10% by 2030
Entrepreneurs
Sharjah top destination for Indian startups, unicorns, says diplomat
Participants at a Sharjah-India Business Roundtable placed special focus on areas in which Indian companies could engage with Sharjah to grow their presence in the MENA region
500 Global
Silicon Valley-based VC 500 Global partners with JS Group to support startups in Pakistan
Under the partnership, 500 Global also aims to bring its range of startup and investor education programmes to Pakistan
Abu Dhabi Investment Office
Microsoft for Startups Middle East launches third cohort of B2B tech startups
The GrowthX accelerator programme, conducted as part of a strategic partnership between the Abu Dhabi Investment Office and Microsoft, offers training opportunities to growth-stage startups ranging primarily from the seed to series A spectrum
Adobe
Adobe to buy software design startup Figma for $20 billion
Figma’s Dylan Field will continue to operate as the startup’s chief executive officer, following the acquisition
Abu Dhabi
Hub71 and Siemens Energy to support tech startups to drive green investments
The agreement comes at a time when the UAE is set to host COP28 in 2023, and is part of the UAE works to achieve its goals of net-zero emissions by 2050
Jordan
Saudi Venture Capital strikes investment deal with Jordan-based Propellers Ventures Fund
The Amman-based fund focuses on investments mainly in software startups in their first stages such as SaaS services, company software and cloud infrastructure
Abu Dhabi
Hub71’s ‘The Outliers’ startup programme to feature tech challenges from 5 top firms in Abu Dhabi
This year’s challenges seek to harness next-generation technologies including Web3 to help these organizations gain a competitive advantage and future-proof their operations
Entrepreneurs
‘NextGenFDI’ to trigger next wave of startup entrepreneurship, tech talent migration from India to UAE
Several India-based startup ventures are seriously considering either expanding their operations or relocating their headquarters to Dubai or other major cities in the UAE
AgTech startups
Revealed: 30 Rising Startups from the Middle East 2022
The Middle East startup sector is heating up, with small businesses innovating rapidly today to solve the problems of tomorrow. In celebration of the innovators and entrepreneurs driving the future, Arabian Business is introducing its 30 Rising Startups of 2022
advisory services
Revealed: Challenges and opportunities faced by the UAE’s owner-managed SMEs and startups
Emirates’ successful handling of coronavirus and influx of new businesses creating a vibrant economy where small businesses thrive
Abdullah bin Touq Al Marri
Startups, SMEs to receive support in exporting products through UAE ministry’s new initiative
Companies registered to the ScaleUp Export programme get access to special shipping prices, a range of experts and mentors, as well as technical workshops and legal consultations
accelerators
Evaluating market demand and right timing ‘crucial’ for Saudi startups to succeed: Expert
The startup sector across the Middle East is currently the rise, with the sector recovering from Covid-19 slowdown
MENA startups
Revealed: 10 initiatives that help UAE startup owners with funding, long-term visas, and talent acquisition
Looking for more information on the region’s startup scene, including funding and venture capital opportunities? Here are 10 startup initiatives you need to learn more about.
Abraham Accords
Synaptech Capital is pairing up with ADGM to reskill UAE labour force
The academy will focus on skills that will be in-demand as job functions change as technology continues to evolve