Three UAE Startups Seal Deals With Corporates As Part Of Dubai Startup Hub's Market Access Initiative
Dubai Startup Hub, the entrepreneurship support arm of the Dubai Chamber of Commerce and Industry, has facilitated deals for three UAE-based startups -LoadME, VUL 9, and Digital Falcon, the winners of its Market Access program- with large enterprises in the region including Dubai Chamber, flydubai, Emirates NBD and Fiat Chrysler Automobiles. These corporate-startup partnerships were enabled as part of Dubai Startup Hub's Market Access program, an initiative that aims to connect UAE's startups and SMEs to Dubai's large corporations and government entities, and the agreements remain valid for one year.
Dubai Chamber and Digital Falcon sign an MoU. Image credit: Dubai Chamber.
In a ceremony held at Dubai Chamber's premises on Tuesday, Dubai Chamber signed an MoU with online marketing agency Digital Falcon to boost Dubai Startup Hub's digital presence, flydubai sealed a strategic agreement with cybersecurity startup VUL9 to deliver security staff monitoring and related services to the airline's offices across the UAE, Emirates NBD signed an MoU with VUL9 for the bank's cybersecurity projects, and Fiat Chrysler Automobiles announced a deal with logistics tech startup LoadME, a freight services aggregator, to drive Fiat Chrysler's commercial vehicle sales in the Middle East.
According to a statement on the event, H.E. Hisham Abdullah Al Shirawi, 2nd Vice Chairman of Dubai Chamber, noted that the response to the first cycle of the Market Access program was "overwhelming with more than 130 SMEs and startups submitting business ideas and solutions," and the quality of the submissions exceeding the Chamber's expectations. "The three UAE-based startups that made the final cut are a true reflection of the country's thriving entrepreneurial ecosystem, which continues to mature and evolve," he added.
Fiat Chrysler Automobiles and LoadME sign an MoU. Image credit: Dubai Chamber.In the first cycle of Market Access, the startups and SMEs were invited to submit ideas and solutions that solve key challenges faced by the aforementioned prominent large organizations in Dubai. Dubai Chamber sees it as an opportunity for selected startups and SMEs to find a market for their solutions among leading corporates in the Emirate, and gain industry experience.