The non profit partners with MOIAT and local partners to facilitate collaborations in the domaines of FinTech, HealthTech and Sustainability
Dubai – June 2nd 2022 : UAE-IL non profit tech Zone aiming to build bridges between ….. UAE-IL tech zone, the non-profit that builds bridges between the Emirati and Israeli tech ecosystems, is bringing a delegation of unicorn and late-stage startups to the UAE from June 13-16. In partnership with Start-Up Nation Central, a philanthropic organization that promotes Israeli innovation on the global stage, and the UAE’s newly established Ministry of Industry and Advanced Technology, the delegation will focus on the FinTech, ClimateTech, and HealthTech sectors, the keys (which are key) to the UAE’s tech development strategy and (in line) with the country’s 2030 vision.
During four days, Israel’s best of breed startups will explore the UAE market, both meeting public and private stakeholders, shaping the country’s innovation scene through growth opportunities, talent solutions or investments.
“Since the signing of the accords, a considerable number of Israelis came to the UAE, with Expo as a focal point of discovery. We feel interest is very high on both sides, and sometimes entities need a hand to navigate through a new culture and ecosystem. This is why we are here: to make sure anyone slightly interested in the myriad of opportunities these accords created, and have a partner from start to finish to develop mutually beneficial business and relationships between the UAE and Israel. Both our countries are small yet dynamic, this is why I firmly believe joining forces can only create life changing paradigms for our region” said Noa Gastfreund, UAE-IL tech zone’s co-founder.
Mohamed Al Qassim, Director of the Department of Technology Adoption and Development at Ministry of Industry and Advanced Technology said: “We are extremely excited to welcome Israel’s leading start-ups to the UAE to showcase the strategic advantages and partnership opportunities available in our industrial and technological ecosystem. In line with the objectives of the National Strategy for Industry and Advanced Technology, the UAE is committed to developing a world-class environment for emerging technologies and the industries of the future, and we are confident we offer the right platform for Israeli entrepreneurs and innovators to scale their businesses – particularly in the fin-tech, sustainability and health-tech sectors.”
He added: “Following the Abraham Accords, and with the signed Comprehensive Economic Partnership Agreement, there is unlimited scope for collaboration, cooperation and knowledge sharing between Israeli and Emirati tech companies. The UAE-IL tech zone is the ultimate embodiment of this shared vision and I look forward to seeing Israeli start-ups exploring the dynamic growth and investment potential we offer.”
For over a year, the organization, also supported by LA Innovation labs, an israeli based company facilitating US market pénétration for startup, has developed ties with partners in both the UAE and Israel such as MOIAT and Startup Nation Central, gathering an eclectic and senior board of advisors Ahmed Al Nowais, CEO of Annex Investments, Tally Zingher, CEO of Blue Laurel, Michel Adritti, CEO of SCS services, Prof. Jake Cohen of MIT). Within a year, the organization gathered over 3000 members and followers on social media, took two delegations to the UAE and organized 12 virtual events around hot tech and innovation topics. The co-founder pursues: “we believe this is the right time to facilitate collaborations as both sides show readiness. We identified mutual interest for win-win partnerships and we see the demand is high from both Emirati entities and Israeli startups”.
Yariv Becher, VP of Innovation Diplomacy at Start-Up Nation Central adds: “Start-Up Nation Central is proud to be part of the UAE-IL Tech Zone’s continuing efforts to bring together the best of the Israeli and Emirati innovation ecosystems. We are confident that the first-rate Israeli companies that make up the delegation will be trailblazers in generating mutually beneficial business opportunities and provide a model for many others to follow. We believe that innovation can cement people-to-people ties while creating opportunities for prosperity and overcoming challenges faced by both nations”.
The human sized-delegation (only 11 companies) will not only explore the UAE market but identify realistic synergies including creating R&D centres. Kept tight-knit on purpose, UAE-IL tech zone’s DNA is based on a people-to-people approach, embedded in every aspect of the organization’s activities. A vision also shared by local partner SCS services who has been operating in the region for over ten years in litigation and conflict resolution “Our experience has shown that long term business success – especially in this region – is based on identifying shared values and a shared vision. It is about developing deep trust through mutual cultural sensitivity, collaboration and genuine partnership. We are delighted to partner with UAE-IL tech zone, whose philosophy is aligned with ours, and who places high emphasis on long term mutually beneficial relationships” said Michel Arditti, CEO of SCS World.
A mix of business and cultural exchanges, this will sign the beginning of a long term partnership between the UAE and Israel’s best minds and wills. More unique projects are set to take place in the UAE but also in Israel, where an Emirati delegation will be received in Israel before the end of the year to explore the tech ecosystem from within. The creation of sub-communities for VIP individuals will soon be announced as well as a number of activities, as the tech zone grows with the market.
About UAE-IL tech zone: The UAE-IL tech zone is an exclusive platform and community which fosters collaborations between the UAE and Israel. We seek to build a stronger region through tech, deep personal and professional relationships, and by creating mutually beneficial opportunities. Co-founded by Noa Gastfreund, Guy Katsovich and, the two met at the Hybrid accelerator for Arab led startups co-founded by Katsovich, where Noa led activities and Bassil was a talented alumni.
Today composed of a diverse team of well-connected leaders within the global startup space, located in two of the world’s leading tech centers, the tech zone focuses on creating opportunities based on a solid wish to strengthen the Middle East through tech and deep cultural exchanges.
About the Ministry of Industry and Advanced Technology:
The UAE’s Ministry of Industry and Advanced Technology (MoIAT), established in July 2020, is mandated with strengthening the UAE’s industrial sector, specifically by accelerating the adoption of advanced technologies and Fourth Industrial Revolution (4IR) solutions across the value chain.
MoIAT has three overarching goals: Strengthening the UAE’s industrial base, ensuring in country value, and raising the competitiveness of local industries. By enhancing the contribution of advanced technology, the Ministry will support the country’s sustainable economic growth, and ensure GDP contribution from the industry sector.
The Ministry will draft policies, laws and programs to create a world-class industrial development framework for the nation that will help attract foreign direct investment, boost In-Country Value creation, support national entrepreneurship, drive job creation, and boost exports of ‘Made in UAE’ products.
From encouraging the establishment of industrial complexes to raising local capacity in advanced technology, the Ministry will accelerate industrial development in a bid to drive economic growth, diversification, value retention and national self-reliance.
For more information, please contact MoIAT’s team at: Media@moiat.gov.ae
About SCS World: SCSWORLD is a group of companies founded in Switzerland in 2003. Its founders include investment bankers and IT professionals, with significant domain expertise in cybersecurity, artificial intelligence, fintech, cryptocurrencies, telecommunications, homeland security and policy planning.
With offices in Switzerland, France, UAE and Bahrain, SCS serves governments, multi-national corporations, NGO’s and family offices. SCS services include sovereign advisory, strategic partnership development, technology sourcing and integration, business development and new market strategy, and investment placement.
About Start-Up Nation Central: Start-Up Nation Central is a non-profit organization that connects Israeli innovation to the world in order to help international entities solve global challenges. Immersed in the Israeli technology ecosystem, we provide a platform that nurtures business growth, recommends policies, and generates partnerships with corporations, governments, investors, and NGOs to strengthen Israel’s economy and society.
About LA Fusion: Fusion is Israel’s leading pre-seed platform, backed by top-tier global VCs & 50+ serial founders. Fusion’s accelerator program has awarded the first check into more than 70 Israeli startups over the last five years, over 65% of which have successfully raised significant investments after participating in the program.
Today Fusion invests $150,000 in nearly 20 pre-seed startups per year, along with participation in its accelerator – which takes place in Tel Aviv, Silicon Valley, New York & Los Angeles.
