Startups | Page 7

You are often reminded of your impact when you need it most.

in5, an enabling platform for entrepreneurs to incubate and grow their businesses in Dubai, has achieved a new milestone as its startups crossed the AED1.4 billion investment mark, reaffirming the Emirate's status as a hub for talent and entrepreneurship.

"For a country like Qatar right now, supporting entrepreneurship is very important, because it is the fuel for tomorrow's growth."

The event is a stepping stone for the company's endeavor to foster a supportive business community by gathering entrepreneurs in a relaxed atmosphere where they can network, learn, and build new connections and partnerships.

Takalam, which means speak in Arabic, connects individuals and entities directly with professional counselors through a private and personalized digital experience using video, audio, and instant messaging, with the option of anonymity.

Organized in association with Life on Screen, du, ICICB Group, and in5, the Tech Innovation Awards 2021 gathered the individuals and organizations that are shaping the tech industry in the MENA region.

With a vision to reduce food insecurity, carbon, and freshwater use in the MENA region's food sector (and hopefully, across the world), Red Sea Farms develops sustainable, saltwater-based agriculture systems.

Considered as the first investment by SoftBank in a Saudi startup, it's a commendable feat for the team and their efforts.

"I've learnt that being consistent, trusting myself and doing what I believe in, even without those often repeated '10 years of experience,' is the only way to achieve everything I want to with Dude Just Dude, and any other ventures that begin along the way."

With the UAE building the world's largest solar power plant in Abu Dhabi, there probably hasn't been a better time to invest in renewable energy.

Founded in 2018 by Omar AlMheiri and Hamza Khan, the startup enables its users to access and use on-demand workspaces, private offices, and meeting rooms.

"FortyGuard will become a $10 billion company within five years, and $100 billion in 10 years."

"Whenever you start a business, we believe that entrepreneurs should focus on solving a problem."

The app has a waitlist of over 10,000 users from across the Middle East, which was opened last March to test the region's appetite for the commission- free online trading app sector.

The Tech Innovation Awards 2021 will be held on Wednesday, October 6, 2021, at Sofitel Dubai The Obelisk in the UAE, with the event aiming to celebrate the individuals and organizations that are shaping the tech industry in the MENA region.

Entitled "Tomorrow's Designers," the collaboration between the two entities will facilitate the provision of a dedicated space at Fifty One East aiming to support talented and creative Qatari entrepreneurs by offering them the opportunity to showcase their fashion collections.

Applications for the competition is now open, deadline for submission is on the 30th of September 2021.

WideBot has come up with a chatbot that incorporates the different dialects used in formal and informal Arabic, and it also claims to pick up on intangible linguistic factors such as sentiment and tone.

Operating in KSA and UAE, Tamara offers consumers with two main products on its website and app: they get to either pay for the item they buy in 30 days, or to split payments for it into three or six instalments.

Having overseen exits of MENA startups like Eventtus, Mumzworld, and more, Global Ventures General Partners Noor Sweid and Basil Moftah (who, by the way, also recently exited from Kitopi, the region's latest unicorn) are the best guides to facilitating similar trajectories for your business.

With the new capital infusion, the team plans to launch its new products such as home insurance, as well as scale the enterprise across the Middle East, starting with Saudi Arabia.