The event was held in collaboration with the National Program of Coders, and supported by sponsors such as Emirates NBD, EDGE Group, Hale Education Group and the University of Birmingham, Dubai.

The three-day event culminated with a grand finale on 16 March 2025 at the University of Birmingham and was attended by students, teachers, parents and partners. The event’s theme for this year, ‘Mental Health and Wellbeing’ aligned with the Nation’s strategic vision to harness artificial intelligence for societal advancement.

The winning team, ‘Machine Mindset’, presented an AI-powered emotion detection system that analyses students’ emotions in real-time using DeepFace and face recognition. Runner-up teams at the event included ‘Data Minors’ and ‘ModernAItes’, both from GEMS Modern Academy. ‘STEMPALS’ from Dubai International Academy Emirates Hills were adjudged the Best Female-majority team, and ‘Desert Innovators’ from the American Academy for Girls were declared Best Emirati-majority team.

A resounding success, the event showcased the incredible talent and innovative spirit of 289 young AI enthusiasts across 34 Nationalities and 44 registered schools, with participants working tirelessly to develop creative solutions addressing critical aspects of mental and financial wellbeing.

Dr. Abdulrahman Al Mahmoud, Director at the Artificial Intelligence, Digital Economy, and Remote Work Applications Office, said: “Strategic partnerships within the UAE’s AI ecosystem reflect the UAE’s vision and commitment to leveraging AI for the benefit of humanity. These collaborations bring together diverse sectors to create innovative solutions that address global challenges. By uniting key players, the UAE is driving transformative change that empowers both industries and communities.”

Dr. Al Mahmoud further added, “Partnerships have the power to fuel impactful AI innovations, shaping a resilient, sustainable future for all. Through this unified approach, the UAE is paving the way for a future where AI drives progress and serves humanity at its core.”

Miguel Rio-Tinto, Group Chief Digital and Information Officer at Emirates NBD, said: “We are incredibly impressed by the ingenuity and dedication displayed by the students at InnovAIte 2025. The solutions they developed demonstrated the transformative potential of AI in addressing critical real-world and societal challenges, and the winning teams showcased exceptional talent in leveraging AI to create tangible, life-enhancing solutions.”

He added: “Emirates NBD is proud to have supported this initiative and to play a role in nurturing the next generation of AI leaders. The event served as a platform to connect and engage with top digital talent, presenting us early access to AI experts who have the potential to drive and contribute to the bank’s long-term success.”

Student presentations, workshops, and speaking sessions were held at the grand finale, where a panel of 25 esteemed judges, including experts from Emirates NBD, the University of Birmingham, EDGE Group, and Hale Education Group, as well as subject experts in various sectors evaluated the projects based on innovation, feasibility, impact and presentation.

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Propelled by a network of renowned industry partners, including DIFC Innovation Hub, Visa, Microsoft and Dell Technologies, the NDTI program provides Emirati Fintech founders with unparalleled opportunities to grow and thrive within the industry. The third cohort of the NDTI program received exclusive access to top industry leaders, decision-makers and high-profile engagements from mentoring sessions to exclusive events.

For the first time, the NDTI program gave its founders the opportunity to gain insights from His Excellency Essa Kazim, Governor of the Dubai International Financial Centre (DIFC). This was a powerful reminder of the program’s deep-rooted connection to the UAE’s economic vision and its commitment to nurturing homegrown Fintech talent.

One of the standout features of the program, Discovery Day, allowed startups to shape the trajectory of their journey. By collaborating with key industry partners, Emirati founders had the chance to fine-tune the program to meet their specific needs, ensuring that every session and initiative was strategically aligned with their goals. Further, aligning with the UAE’s vision on sustainability for 2030, startups received an exceptional platform at the DIFC Future Sustainability Forum, to explore the intersection of sustainability and innovation.

Throughout the program, participating startups were mentored by the brightest minds in banking, technology, and innovation. They built meaningful relationships with industry leaders, received candid advice, and gained hands-on experience from some of the sector’s most successful figures.

One standout participant, Maryam Al Ansari, received the opportunity to participate in the Dell Technologies Forum—AI Edition 2025, showcase her innovations during a fireside chat, and engage in meaningful conversations with top AI experts. Exposure to such a high-level audience created new prospects for collaboration, partnerships, and growth within the rapidly evolving AI space.

The third cohort endured a transformative experience during their international trip. Receiving real-world networking opportunities with Emirates NBD’s Egypt team, venture capitalists, and prominent startups, the trip allowed participants to tap into a vibrant ecosystem, learn from Egypt’s growing Fintech landscape and build connections. This exposure gave them a broader understanding of regional markets and potential expansion opportunities, giving them the confidence to scale their businesses internationally.

The program’s finale was a defining moment for all participants, where startups presented their progress, achievements and business plans to a distinguished panel of Emirates NBD and partner board members. Engaging with top decision-makers in the region, the feedback and guidance they received during this session were pivotal, not just for business development, but for long-term strategic direction.

Eman Abdulrazzaq, Group Chief Operating Officer at Emirates NBD, said: “At Emirates NBD, we are pleased to conclude our third cohort of NDTI. This program is a transformative experience for high-potential startups, providing them with a critical avenue for potential funding discussions and partnerships. Given Fintech is one of the UAE’s prime sectors of investment, we are confident that the solutions discovered today will foster UAE economic growth and contribute to our national strategic objectives.”

Mohammad Alblooshi, CEO of DIFC Innovation Hub, said: “We recognise that empowering the next generation of Fintech leaders is pivotal to sustaining the UAE’s status as the region’s leading global financial hub. Our partnership with Emirates NBD’s NDTI program underscores our dedication to cultivating homegrown talent and driving innovation, aligning seamlessly with the UAE’s ambitious vision to foster a competitive, diversified, and digitally advanced economy.”

The program has already had two successful editions of creating transformative opportunities for the UAE’s next generation of Fintech innovators. This initiative not only empowers the next generation of digital talent but also demonstrates DIFC’s commitment to fostering innovation and excellence in the financial sector. View the complete NDTI report here.

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Organized by a group of dedicated Dubai College students, the hackathon is run in collaboration with the UAE Artificial Intelligence Office and is supported by the UAE National Program for Coders, EDGE Group, Emirates NBD, Hale Education Group, and the University of Birmingham Dubai. This unique event will challenge students to create practical AI-driven solutions to real-world problems.

The inaugural InnovAIte Hackathon in 2024 was a resounding success, drawing 120 students from 25 nationalities and 45 schools across the UAE. Hosted at the DIFC Innovation Hub, the event offered over AED 10,000 in prizes and was supported by leading organizations like OpenAI and the UAE Artificial Intelligence Office.

Aryav Odhrani, Cofounder and Director of InnovAIte, said: “At InnovAIte, we aim to empower students to shape the future of AI through their creativity. Our goal is simple: to provide a platform where students can innovate, solve meaningful problems, and become the next generation of AI leaders. We’re proud to support the UAE’s vision for technological advancement.”

The Hackathon will begin with two days of online collaboration, Teams of 4-5 students from across the UAE will work together on projects centered around a theme revealed at the start of the event. On the third day, participants will gather in person at the University of Birmingham Dubai for the grand finale, where teams will present their projects to a panel of judges.

With a focus on creativity, impact, and technical execution, the teams will compete for over AED 40,000 in prizes, including cash awards and exclusive university admissions counseling sessions.

The InnovAIte Hackathon is gaining momentum as a key event for shaping the future of AI innovation in the UAE, with influential leaders from the AI community backing its vision.

Sana Al Dauomi, SVP for Human Capital at EDGE Group, emphasized the hackathon’s role in shaping future innovators: “InnovAIte can provide a supportive environment in which students can hone their skills and benefit from this pool of experience. EDGE invests to guarantee that the next generation will have the necessary tools and guidance to generate the impact they need.”

Miguel Rio Tinto, Group Chief Digital and Information Officer at Emirates NBD, added: “InnovAIte will give the next generation an opportunity to showcase their inventive ideas to create solutions that significantly impact society. The sky is the limit when working with artificial intelligence and we, at Emirates NBD, encourage and applaud the founders of this initiative.”

Peter Davos, Founder and CEO of Hale Education Group, expressed his enthusiasm for the event: “We are thrilled to support the UAE Innovate Hackathon, which will inspire and challenge the next generation of changemakers and thought leaders. Today’s students stand to benefit tremendously from participation in this event.”

The InnovAIte Hackathon is also committed to diversity and inclusivity, offering special prizes for the Best Female Majority Team and Best Emirati Majority Team to encourage wider participation in the tech field.

With registration now open, the event expects to host 60 teams of students from Years 10-13 (Grades 10-12). It promises to be an exciting, dynamic event where young innovators will collaborate, learn, and develop the skills they need to succeed in the fast-evolving world of AI.

To register or for more information, visit www.uae-innovAIte.com/registration.

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With a total investment raise of 7.6 million USD, TeamSec aims to accelerate its growth operations, focusing on rapid expansion in the Middle East and North Africa (MENA) region. Additionally, TeamSec also aims to diversify its product and service portfolio and enhance current service offerings.

Focused on accelerating the financial sector’s digital transformation, TeamSec is driving the creation of a more efficient and transparent financial ecosystem by digitizing securitization processes. TeamSec seeks to create critical value for investors and financial institutions through AI and data analytics-based solutions.

Rasmal Ventures’ Co-Managing Partner, Alexander Wiedmer, said: “TeamSec’s bold vision to revolutionize the securitization industry across the Middle East and beyond resonates strongly with us. Their mission-driven, execution-focused team exemplifies the kind of ambition and innovation we are excited to support. Our investment, alongside Deniz Ventures, reflects our commitment to advance fintech solutions that redefine traditional financial processes. By backing teams like TeamSec, with deep expertise in their field, we aim to accelerate digital transformation and fortify the regional financial ecosystem.”

Commenting on the investment, Ahmed Al Qassim, Group Head of Wholesale Banking at Emirates NBD, said: “We recognize the immense potential securitization holds in supporting regional growth. Our recent strategic investment in TeamSec, a fintech innovator specializing in Securitization-as-a-Service, underscores our commitment to shaping this market and enabling its growth. We are the first investor in TeamSec, supporting the founder and team in their growth journey at an early stage.”

NEOHUB CEO Gürhan Çam highlighted that TeamSec’s technological infrastructure will lay the groundwork for stronger collaborations among financial institutions in the future and contribute significantly to the financial ecosystem. He stated: “Digital transformation in the fintech sector is no longer a luxury but a necessity. As DenizBank and NEOHUB, we aim to address the technological gaps in the field of securitization by collaborating with startups through our investment in TeamSec. We recognize that TeamSec’s innovations in securitization have the potential to set new industry standards.”

Emphasizing the role Emirates NBD’s Corporate Venture Capital arm played in driving this investment, Neeraj Makin, Group Head of Strategy, Analytics, and Venture Capital at Emirates NBD, said: “Emirates NBD’s Innovation Fund drives strategic investments in cutting-edge fintech startups like TeamSec, enabling us to deliver tailored solutions that align with our vision of being the most innovative bank for our customers. As the industry evolves, the fund ensures we stay ahead of disruptive trends while enhancing the digital experience for our clients.”

Esad Erkam Köroğlu, Founder and CEO of TeamSec, highlighted that this strategic investment from Deniz Ventures combined with the VC mindset and experience of the Rasmal Ventures’ team, is a key enabler in achieving the company’s vision: “The investment we received from ENBD and Rasmal Ventures demonstrates the trust placed in TeamSec’s vision and technological prowess by these renowned institutions. At the same time, this investment round supports our mission to revolutionize the securitization market, positioning TeamSec as a leader in the fintech sector as well as in the securitization market, particularly in the MENA region. With this investment, we endeavour to strengthen our position as a global game-changer in the field of securitization.”

Both Emirates NBD and Deniz Ventures remain committed to investing in fintech and technology-driven startups, driving innovation and digital transformation in the financial sector. Building on prior investments such as Erguvan in 2023 and NewBridge Fintech Solutions, their support for high-growth startups like TeamSec highlights their dedication to shaping a sustainable, tech-enabled future in finance.

The TeamSec deal was worked on by Soumaya Ben Beya Dridje, Partner at Rasmal Ventures, and the legal advisors were BTS & partners.

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Facilitated by the DIFC Innovation Hub, the third cohort will run between six to eight weeks and be hosted at DIFC’s Innovation One building. The upcoming cohort will consist of a select group of FinTech startups led by UAE National founders and members. Participants will have the opportunity to acquire valuable insights from venture-building and innovation experts, as well as gain hands-on experience from accomplished entrepreneurs, in addition to exclusive access to a network of resources and ecosystems. The aim is to nurture visionary ideas and contribute to the UAE’s goals of economic diversification and digital transformation.

The UAE’s FinTech market is expected to continue its upward growth trajectory, driven by technological innovation, changing customer preferences and a positive regulatory environment. By 2028, UnaFinancial estimates the UAE will rise as a premier FinTech hub, with 1.8 times more companies thriving in a transparent regulatory environment. Capitalising on this potential, the NDTI program supports UAE’s position as a gateway for FinTech innovation.

Ahmed Al Qassim, Group Head of Wholesale Banking, Emirates NBD, said: “We are pleased to launch the third cohort of the National Digital Talent Incubator with the DIFC Innovation Hub. The NDTI program delivers remarkable outcomes by driving UAE’s economic growth and fostering innovation within the financial services sector.  We keenly look forward to welcoming the new cohort who will deliver yet another wave of innovative solutions and entrepreneurial excellence.”

Participants in the third cohort will feature a dynamic lineup of pioneering startups that reflect the diversity and innovation driving the UAE’s FinTech ecosystem. These Emirati-founded ventures span from a super cash back platform to a mobile money service, digital savings circles and an artificial intelligence-powered legal research platform, each addressing unique market needs while pushing the boundaries of financial technology.

Maryam Al Mansoori, Founder and General Manager, Rebound Platform, a cohort two founder, shared her experience, saying, “The NDTI program has been transformative, equipping me with the tools and network to accelerate my startup’s growth. Learning directly from seasoned entrepreneurs and corporate leaders has shown me how to turn bold ideas into impactful solutions for the UAE market. The program partners brought in an added layer of valuable experience from a technology and infrastructure perspective.”

Mohammed AlBlooshi, Chief Executive Officer, DIFC Innovation Hub, said: “We are looking forward to welcoming the third cohort of the National Digital Talent Incubator program. By collaborating with Emirates NBD, this initiative not only empowers the next generation of digital talent but also demonstrating DIFC’s commitment to fostering innovation and excellence in the financial sector. By nurturing local talent, we are paving the way for a brighter, more technologically advanced future for the UAE.”

This year’s program promises an exciting mix of hands-on learning, mentorship, and regional exposure, including a cross-border trip to Egypt to connect with Emirates NBD’s Egypt division, plus key players in the broader ecosystem. Follow along for updates as these founders gain critical insights, expand their networks, and build solutions that will shape the future of digital finance in the UAE and across the region.

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In an intense showdown, 15 qualified start-ups from around the world – Audax, Xaults Technologies, Monak E-Services, YABX, ALTPAYNET, APPRO, Libeara, Letbloom, Myzoi, Vault22, Lordsystem, MOIN, Alphastream.ai, Validus, and Namara – pitched at the FWC Grand Finale to a room full of global investors during the2^nd day of DFS.

While APPRO emerged as the Winner of FWC and secured an on-the-spot investment commitment of USD 500,000, other startups, like Finix196, received a USD 5 million commitment from Dhruv Management, Motive Partners committed USD 3 million to Alpha Stream, and Validus received a USD 750,000 commitment from Aum Ventures.

Mohammed Saleem, Founder and Chairman of Trescon, stated, “We were thrilled to host the Grand Finale of our FinTech World Cup at the Dubai FinTech Summit. By joining forces, we created an unparalleled platform for FinTech innovation, providing participants with access to Trescon’s international reach, a regulatory environment that fosters growth and most importantly access to much needed capital. As an FWC Jury Member & a fellow investor, I commit to investing in some of these start-ups too to walk the talk, including the USD 500,000 for FWC Grand Finale Winner Appro.”

Naveen Bharadwaj, Group CEO of Trescon, said, “The FinTech World Cup is an opportunity to solve real-world challenges through collaboration and capital. In addition to the investments totalling worth USD 9.25 million that were announced, I’m happy to share that the winner & first two runner ups will also gain access to mentorship by the esteemed jury, Trescon Credits & Amazon credits – enhancing their resources for growth and development, global brand exposure, industry recognition and a path to success through strategic synergies and partnerships. We are committed to shaping an ecosystem that not only celebrates FinTech excellence but also propels the industry forward.”

The FWC jury was comprised of distinguished professionals from various sectors of the FinTech industry, including Nasir Zubairi, CEO at The LHoFT Foundation; Hugo Bongers, Partner at Motive Ventures; Sara Tabana, Senior Director of FinTech Innovation Strategy at Visa; Melissa Cannon Guzy, Co-Founder and Managing Partner at Arbor Ventures; Mohammed Saleem, Founder and Chairman of Trescon; Chetan Mehta, Founding Partner at AUM Ventures; Rana Abdel Latif, Partner at Speedinvest; Nacira Alioua, Head of FinTech Engagement at Emirates NBD; and Tunc Ozgul, Head of Startup and VC Ecosystem at Amazon Web Services.

The 2^nd edition of the Dubai FinTech Summit was supported by global corporate partners, including Founding Partners VISA, Emirates NBD (ENBD), Etisalat & (E&) and Commercial Bank of Dubai (CBD).

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Emirates NBD has consistently championed innovation, with a focus on nurturing promising talent and creating opportunities for them to thrive. The bank’s long-standing collaboration with like-minded partners reflects its commitment to fostering creativity and developing innovative solutions to practical challenges. This partnership aligns seamlessly with Emirates NBD’s overarching mission to support the community and actively contribute to shaping a future that empowers young people.

Miguel Rio Tinto, Group Chief Digital and Information Officer, Emirates NBD, said: “InnovAIte will allow the next generation to showcase their inventive ideas to create solutions that significantly impact society. The sky is the limit when working with artificial intelligence and we, at Emirates NBD, encourage and applaud the founders of this initiative. We commend the co-sponsors of this event, the DIFC Innovation Hub and Hale Education Group, in embracing the collective goal to develop the digital capabilities of young talent who will shape the future of the nation.”

Aadi Jain, Founder of InnovAIte, said; “Our mission with InnovAIte is to provide a platform for students to not only learn about AI but also to actively engage in creating solutions that address real-world challenges.”

Peter Davos, Founder and Chief Executive Officer, Hale Education Group; “Hale is enthusiastic to contribute to the AI Hackathon, recognising the dynamic spirit of student organisers. The company is dedicated to cultivating future tech trailblazers and shares a commitment to fostering innovation in alignment with the event’s collaborative ethos. As sponsors, Hale embraces the potential of each student participant, acknowledging the transformative impact of their ideas. Together, the goal is to spark creativity, dismantle barriers, and chart a course towards an expansive future in technology

Mohammad Alblooshi, CEO, DIFC Innovation Hub, said: “Embracing the spirit of innovation and collaboration, DIFC Innovation Hub is proud to support the InnovAIte Hackathon – a pioneering initiative empowering young minds to explore the transformative potential of Artificial Intelligence. By fostering diversity and inclusivity in STEM fields, this hackathon aligns perfectly with our commitment to nurturing talent and driving technological advancement. We look forward to witnessing the innovative solutions that emerge from this Hackathon and are excited to play a part in shaping the future of AI alongside our partners.”

Inspired by the vision to foster diversity and innovation in STEM fields, InnovAIte Hackathon is a pioneering event aimed at empowering young minds to explore the limitless potential of Artificial Intelligence. Inclusivity is a key focal point for the organisers who encourage participation from students of all background and nationalities, with a special emphasis on female and Emirati representation.

Participating teams (groups of 2 to 4 students) will be tasked with developing innovative solutions to a central theme that will be revealed on the day of the Hackathon. Participants will be challenged to think critically, innovate boldly and develop practical solutions that help the community around them. This would include developing working prototypes of their solutions with the aid of OpenAI APIs and other pre-existing AI tools, so that students understand AI from a practical rather than just a theoretical perspective.

Registrations for the Hackathon, restricted to 35 teams, are open. Day 1 session will start on 1 March from 2 to 3 PM with an online introduction, prompt reveal and Q&As, followed by developers working on finding unique solutions. On Day 2, the students will continue working on AI Solutions; Day 3 will kick off, at the DIFC Innovation Hub, at 11 AM with presentations and code submission by participants and on Day 3, the final day, presentations by the participants will begin at 2 PM followed by the Awards ceremony.

With free participation and prizes exceeding AED 10,000, including cash rewards and exclusive opportunities, InnovAIte, aims to shape the future through innovation, collaboration and the transformative power of AI.

To register for InnovAIte click on this link: https://www.uae-innovaite.com/registration. Make sure only one person from the team registers; participants should be available on the given dates. Prior experience in AI is not required. Guidance on how to use AI tools will be given on the day of the Hackathon. For any enquiries email uae.innovaite@gmail.com.

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During the invitation-only DFS Dialogues session, 30+ industry leaders participated in in-depth discussions to chalk out key themes for the upcoming summit. This served as a platform for experts to rank the relevancy of various topics with Regulatory Framework, Eco-Finance and Fintech 2.0 gaining significant traction. 

Mohammad Alblooshi, CEO of DIFC Innovation Hub, commented, “Dubai is at the heart of everything FinTech and its global penetration has continued to disrupt the way traditional financial services operate. In line with the D33 Agenda to position Dubai as the top four global financial hub by 2033 and DIFC’s 2030 strategy to shape the future of finance and innovation, the 2nd edition of the Dubai FinTech Summit is designed to encourage cross-border collaboration and innovation, pivotal to transforming the global FinTech sector. It presents a unique opportunity to explore emerging FinTech trends and their potential to drive financial progress in the MEASA region.” 

During the DFS Dialogues session, ENBD signed an agreement to join the summit as the official premium banking partner highlighting its commitment to drive innovation within the financial sector. The e& group also signed an agreement to join as the official event headline partner which showcases their continuous effort to support innovative and future thinking businesses on a global scale.

Khalifa Al Shamsi, CEO of e& life, said, “The Dubai FinTech Summit represents an innovative platform where industry leaders from around the world come together to redefine the future of the financial landscape. It is a testament to Dubai’s visionary leadership in establishing a world-class FinTech hub where technological advancement and financial empowerment go hand in hand. At e&, we believe in the power of technology to drive economic growth and enhance financial inclusion. With our cutting-edge digital solutions and connectivity, we continuously strive to facilitate progress through innovation and collaboration. We are proud to sponsor DFS 2024 as part of our ongoing commitment to support the FinTech ecosystem in UAE and beyond.”

Abdulla Qassem, Group Chief Operating Officer at Emirates NBD, said: “Emirates NBD is proud to be at the forefront of these exclusive strategic conversations that bring together industry pioneers. These dialogues are fundamental in shaping the UAE fintech industry’s future and setting the agenda for the Dubai FinTech Summit 2024. The upcoming event serves as a key platform for fostering global FinTech advancements. Emirates NBD’s participation reflects our continuous commitment to embracing innovation in banking. It’s a crucial opportunity to engage with the latest trends and insights that will shape the future of finance.” 

The day closed with FinTech start-ups from across the UAE participating in the Fintech World Cup Dubai regional qualifying round with Yabx Technologies emerging victorious and entering the coveted Grand Finale set to take place during the Dubai Fintech Summit 2024 where the winner will have the chance of securing USD 1 mn in investment. It will also offer a platform for the winners of each of the regional finals to showcase their solutions to a global audience of investors and potential partners. Winners will also gain access to mentorship by esteemed judges, global brand exposure, industry recognition and a path to success through strategic synergies and partnerships.

The FinTech World Cup is holding multiple regional qualifying rounds across 10 strategic FinTech hubs around the world where local FinTechs can apply to become a part of the finale. Some of the regional competitions, already conducted in collaboration with partners, have identified winners who represent the pinnacle of FinTech innovation in their respective regions.  These winners include Monak E-services from Saudi Arabia; Audax from Singapore and Xaults Technologies from India.

Dubai FinTech Summit 2024 will see an unprecedented gathering of over 8,000 decision-makers, 300+ thought leaders across 5 stages and 200+ exhibitors showcasing cutting-edge technologies.

Visitors can purchase tickets for the Dubai FinTech Summit 2024, with early bird prices ending soon.

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The strategic partnerships encompass a diverse range of organisations, including the National CSR Fund (Majra), and accelerators category such as the Abu Dhabi Department of Economic Development, Emirates NBD, Dubai Future District Fund, Mohammed bin Rashid Innovation Fund, Microsoft, Careem, and FTI Consulting. The community partners category includes entities like Sharjah Research, Technology and Innovation Park, Dubai Technology Entrepreneur Campus, Ajman Chamber, Ras Al Khaimah Economic Zone (RAKEZ), Sharjah Entrepreneurship Center (Sheraa), Abu Dhabi Business Platform, Mashreq Bank, Sandooq Al Watan, Khalifa Fund, Middle East VC Association (MEVCA), VentureSouq, Astrolabs, Flat6Labs, North Star, and the Greenhouse – Chalhoub Group, The Media Partners includes Entrepreneur Middle East.

These newly established partnerships are poised to achieve the initiative’s objectives, including enhancing readiness for the future, solidifying the UAE’s status as a hub for new economy companies, creating a conducive environment for the growth and prosperity of these enterprises, and expanding opportunities for their local and global development.

The partnerships bring with them a host of incentives and resources. These include the possibility of investing in companies that make it to the Future100 list, support for accelerating innovation and digital transformation, technical and legal assistance, competitive financing solutions, and workshops on intellectual property rights and trademark protection. Additionally, Microsoft for Startup Founders Hub will offer cutting-edge artificial intelligence services and expert guidance to foster innovation and sustainable growth among startups.H.E. Abdulla Bin Touq Al Marri, UAE Minister of Economy, said “In line with the directives of our wise leadership and the initiatives and economic policies adopted, the UAE has made significant strides in transitioning to a resilient, innovative, and sustainable new economic model. Launched last year, the ‘Future 100’ initiative is one of the most important initiatives supporting the country’s efforts to expand the new economic sectors and encourage companies to invest in them. Each year, the initiative highlights the top 100 UAE-based future enterprises that have contributed to promoting future economy sectors’ competitiveness in the country.”

“Today marks a key milestone in our journey towards developing this initiative. We have established new partnerships to support startups’ readiness to expand and invest in new economic sectors. This will help establish the UAE as a global hub for the new economy, in light of the objectives of the ‘We the UAE 2031’ vision.

Through this initiative, the Ministry of Economy and the Government Development and the Future Office continue to work to create more opportunities and support capabilities to enhance the country’s competitiveness in the future sectors,” H.E. added.

The Minister of Economy pointed out that the initiative aims to establish a more dynamic and attractive economy that stands out at the regional and global levels. It will drive the number of companies operating in the UAE, supporting the achievement of the national economic goals aimed at doubling the UAE’s GDP to reach AED 3 trillion by 2031.

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The investment was made via Deniz Ventures, an investment fund launched by DenizBank A.S., Türkiye under the umbrella of Emirates NBD Innovation Fund, the Corporate Venture Capital arm of Emirates NBD Group. The Group-wide fund was created to enable investments in strategically relevant FinTech, SustainTech and Tech companies and start-ups across Emirates NBD’s key markets, including Türkiye.

Erguvan was established in 2022 with the objective of driving progress in the field of climate change. In addition to Erguvan Marketplace, Türkiye’s first and only environmental commodities marketplace, the company also offers modular carbon footprint management solutions under the Erguvan Climate Action Platform, which integrates through an API-based solution.
Neeraj Makin, Group Head of Strategy, Analytics & Venture Capital, Emirates NBD, said, “Sustainability is increasingly becoming a core part of our strategy, and we are delighted to announce our investment in Erguvan, a climate fintech venture, which is Türkiye’s first digital carbon credit trading platform. As one of UAE’s leading financial institutions, we are looking to set a global benchmark for technology-driven ESG solutions, and such investments through our Innovation Fund bring us one step closer to achieving our aspirations.”

Vijay Bains, Group Chief Sustainability Officer and Group Head of ESG at Emirates NBD, added, “Our investment in Erguvan marks a significant milestone in our sustainability journey, and demonstrates our commitment to integrating ESG in our strategy and investment decisions. It also aligns with our ambition of leveraging cutting-edge innovation to tackle global energy challenges. Our partnership with Erguvan gives us access to powerful tools that will help assess environmental impact, enhance our sustainability strategies, as well as manage carbon footprint for us and our clients.” 

Emirates NBD Group is an Associate Pathway Partner for the 28th edition of the United Nations Climate Change Conference (COP28), being held in November this year in Dubai, UAE and a key contributor to the UAE’s Sustainability agenda. The Group was among the latest cohort to sign the UAE Climate-Responsible Companies Pledge initiated by the UAE Ministry of Climate Change and Environment, in support of the UAE’s Net Zero 2050 Initiative.

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