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GITEX to host over 400 startups at ‘Global Startup Movement’

GITEX Technology Week, set to take place on 16th to 20th October at the Dubai World Trade Centre, aims to drive the world’s smart digital transformation, support young entrepreneurs, and enhance Dubai and the UAE’s standing as one of the foremost capitals of innovation. GITEX crowd

The event will feature its first-ever GITEX Global Startup Movement, which aims to shine a spotlight on Arab and international innovation and entrepreneurship through this weeklong showcase of global force, uniting young innovators from around the world to share, learn, experience and build lasting partnerships.

GITEX noted that the showcase was created in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the United Arab Emirates, and Ruler of Dubai, for the Emirate to be an internationally recognised hub for digital innovation and creating sustainable economic growth as part of Dubai Plan 2021.

At the GITEX Global Startup Movement, more than 400 startups from 60 countries and over 1,000 entrepreneurs will gather in Dubai to sell and learn. While the UAE will be represented with 85 startups, 79 percent of startups will hail from the rest of the world.

Over 200 investors and influential tech investment executives from Silicon Valley, Europe, Asia and the Middle East, including SoftBank Group International, 500 Startups, Accel Partners, Golden Gate Ventures, Middle East Venture Partners amongst others will arrive in Dubai to explore, discover, evaluate and potentially fund some of the most promising startups with a particular eye on regional talent. The illustrious funding ventures of these investors include global giants Facebook, Dropbox and Spotify among others.

“Through GITEX we want to create the life-changing opportunity for startups to meet face-to-face with legendary investors and accelerator firms, be it for funding support or advisory guidance that shall help them breakthrough in their ventures. There is great aspiration and ambition amongst these young creative Arab minds to change the world with their imagination. By bringing them closer to their fellow startup peers from other countries, some of which are successful references, this valuable sharing experience built through mutual respect and admiration shall inspire their growth and infuse their innovation. GITEX is privileged to be an enabler to create these life-changing opportunities in their entrepreneurship journeys,” said Trixie LohMirmand, Senior Vice President, Dubai World Trade Centre, organisers of GITEX Technology Week 2016.

Fourteen government-led startup delegations will attend the GITEX Global Startup Movement, including the Netherlands, Poland, Russia, and United States. Egypt, Hungary, Japan, Morocco, and Oman will also bring startup delegations to the GCC for the first time.

Featuring a “Strut-Up” Pitch Competition, GITEX will bring together startups that will go head-to-head to take home $160,000 in prize money across categories including Best GITEX Startup, Best Arab-Led Startup, the Best Women-Led Startup and the Best Youth Start Up.

Inspiring and empowering entrepreneurs, the Out-Talk Conference will host keynotes from startup experts such as media mogul Troy Carter, now Global Head of Creator Services for digital music service Spotify; Evan Burfield, Co-Founder of startup incubator and seed fund 1776; and venture investor Christopher Schroeder who recently wrote ‘Startup Rising: The Entrepreneurial Revolution Remaking the Middle East.’

 

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