The announcement was made at the tenth edition of the Elevate series, hosted at Dubai Silicon Oasis, where India’s startup and entrepreneurial ecosystem displayed its ability once again as 50 startups showcased a range of innovative business ideas to global investors.

The event was attended by Dr Aman Puri, Consul General of India in Dubai and Deputy Commissioner-General for India at Expo 2020 Dubai; Dr Juma Al Matrooshi, Director General, Dubai Silicon Oasis and Ghanim Al Falasi, Senior Vice President of Technology and Entrepreneurship, Dubai Silicon Oasis alongside other senior officials from both parties.

Startups from industries such as healthcare, fintech, F&B, energy, space, software as a service (SaaS), logistics, and technology among others presented their ideas to the global investors at the popular pitching series supported by HSBC.

Addressing the session, Dr Aman Puri said, “I am glad to be a part of this LoI signing ceremony between Dubai Silicon Oasis, India Innovation Hub and Consulate General of India in Dubai. India has emerged as the world’s third-largest startup ecosystem with over 40 Indian start-ups joining the Unicorn Club in 2021.”

“The UAE has an immense focus on supporting innovation and attracting global talent. We will engage some of the key Indian startups to come and use Dubai as a base for their global expansion. Going ahead, India and the UAE will work closely to foster innovation as well as nurturing new talent,” Dr Puri added.

Talking about the growing partnership between India and Dubai in the startup domain, Dr Juma Al Matrooshi said, “We are delighted to expand our collaboration with the India Innovation Hub, following a delegation’s visit to DSO and Dtec earlier this year and a mutual commitment to support tech-focused startups in both countries. The UAE and India recognize the key role of startups and SMEs in the nations’ economies and are keen to support their establishment and development. In line with the goals of the National Entrepreneurship Agenda, to transform the UAE into The Entrepreneurial Nation and become home to 20 unicorns by 2031, DSO is partnering with the India Innovation Hub to host the Elevate pitch series and welcome promising Indian entrepreneurs looking to expand their operations.”

The next Elevate session is scheduled on 17th February 2022.

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Dr Aman Puri was welcomed by Dr Juma Al Matrooshi, Director General of DSO, in the presence of Siddhartha Baraily, Consul, Head of Chancery and Ghanim Al Falasi, Senior Vice President of Technology and Entrepreneurship at DSO. The delegation included six Indian start-ups with a focus on travel and tourism, presenting their ideas to be incubated at DSO.

Dr Aman Puri said: “The Government of India and the UAE are committed to working together to foster innovation between the two countries and contribute towards a sustainable world. India has emerged as an innovation hub with the world’s third-largest startup ecosystem with 42 Indian start-ups joining the Unicorn Club in 2021. The UAE is a global hub for expats and global businesses, which provides immense business opportunities for Indian talent. Innovation hub at India Pavilion, Expo 2020 Dubai has featured over 190 Indian start-ups. Elevate pitching series and interactions with prestigious organizations such as Dubai Silicon Oasis, Dubai Technology Entrepreneur Campus, TiE Dubai among others, provided excellent opportunities for the Indian innovators to interact with investors, global counterparts for further networking and partnership.”

Dr Juma Al Matrooshi said: “UAE and India share deeply rooted bilateral relations and have been key trading partners for centuries. In the last few weeks of 2021, both nations concluded negotiations for a bilateral trade agreement that aims to boost non-oil trade to at least $100 billion over the next five years. In contribution to this ambitious plan, we aim to be a key enabler and incubator for start-ups and entrepreneurs, from all over the world, looking to expand into the region. Providing world-class facilities to streamline business set-up and operations, DSO is home to more than 1,000 companies from more than 75 countries.”

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