Sat 29-09-2018 15:44 PM
DUBAI, 29th September, 2018 (WAM) — Dubai Future Accelerators programme, an initiative by the Dubai Future Foundation, has announced the launch of its 5th Cohort with the participation of more than 40 local and global technological advanced companies and start-ups.
The nine-week programme aims to find innovative and smart solutions that employ modern advanced technologies such as Artificial Intelligence, Blockchain, Internet of Things, Virtual Reality, and Augmented Reality, for challenges faced by the 12 participating government entities.
The companies were selected after evaluating presentations from over 600 companies in over 70 countries around the world. Cohort 5 marks the two-year anniversary of Dubai Future Accelerators, which provides an innovative platform that brings together distinguished start-ups with leading government organisations in Dubai to find innovative solutions for their current and future challenges.
More than ten start-ups from the UAE have been selected to work alongside well developed and established global companies to provide innovative and effective ideas and solutions to address the challenges facing the government. This highlights the ability and drive of companies in the UAE to employ future technologies in different sectors on a global level.
The Secretary-General of the Executive Council of Dubai and Member of the Executive Committee of Dubai Future Foundation, Abdulla Mohammed Al Basti, confirmed that the global interaction with the Dubai Future Accelerators Programme since its launch so far has made it one of fastest accelerators programmes in the world.
“Starting from the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and guidance from H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, it aims to provide a global platform to create new innovations in order to find sustainable solutions to the challenges facing people’s lives,” he said, adding that the programme is an effective tool in which governmental entities find the requirements of innovation and foresight.
Al Basti affirmed that Dubai continues to play a vital role in shaping the future and leading the innovations. The emirate, he added, is a platform to radically transform today’s business models to keep up with the fast-moving industries.
WAM/Nour Salman/Hassan Bashir