Russian Startups Examine Growth Opportunities In Dubai Market

Dubai Startup Hub recently participated in a roundtable in Moscow meant to familiarise Russian start-ups with Dubai’s entrepreneurial ecosystem and growth opportunities it offers

DUBAI, (UrduPoint / Pakistan Point News / WAM - 02nd May, 2019) Dubai Startup Hub recently participated in a roundtable in Moscow meant to familiarise Russian start-ups with Dubai’s entrepreneurial ecosystem and growth opportunities it offers.

Organised by the Dubai World Trade Centre and PROFEX, the roundtable provided valuable insights into Dubai’s business environment, the rising start-up sector, and the various accelerator and incubator programmes, initiatives, services and resources that are available.

During the roundtable, Natalia Sycheva, Manager of Entrepreneurship for the Dubai Chamber, highlighted the business opportunities, in particular for those start-ups that specialise in advanced technologies such as Artificial Intelligence, Blockchain, and smart city solutions.

She spoke about the existing strategies that focused specifically on navigating the Fourth Industrial Revolution and adopting Artificial Intelligence, Blockchain and 3D printing, and the manner in which international startups were playing a major role in these growth areas.

Sycheva made a presentation about the value-added benefits and practical support that Dubai Startup Hub provides to aspiring and established entrepreneurs, as well as its programmes, initiatives and events provided to participants and members throughout their entrepreneurial journey.

She outlined the benefits of participating in the Market Access and Co-Founder Dubai, which pair innovative start-ups with business partners and mentors, and noted that Dubai Startup Hub is seeing growing interest and participation from start-ups based outside the UAE looking to expand their footprint in the middle East and surrounding markets.

A key focus of the roundtable was GITEX Technology Week, the biggest technology exhibition in the MENA and South Asia region, held in Dubai every year. Russian start-ups were briefed about the advantages and exposure they can receive at the annual event.

In addition, representatives from Russia’s Ministry of Economy, Dubai World Trade Centre, Russian Expocentre, internet Initiatives Development Fund, Russian Center of Digital Innovation & ICT, Russoft Association, and Skolkovo Foundation participated in the discussions and explored new avenues of cooperation between the start-ups of both countries.