Page 327 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/29/24, 8:32 AM UAE launches TradeTech Accelerator in nurturing startups
nurture enterprises and projects that will contribute to modernize and improve

logistics, customs procedures, trade finance and cross-border payments.

Dr. Al Zeyoudi launched the Accelerator during WEF’s Annual Meeting of the

Global Future Councils 2024, which took place between October 15-17 in Dubai.

The event gathered more than 500 representatives of the public and private

sectors, academia, and civil society from 80 countries to shape a more resilient,

inclusive and sustainable future.

Al Zeyoudi also announced that Plug & Play, a globally renowned innovation

platform with extensive experience in nurturing startups, will be the Accelerator’s

official partner, providing mentorship, collaboration opportunities, and guidance to

the participating companies.

During his remarks, he also called for applications to the Accelerator, which is

now open to submissions from companies developing solutions that utilize

artificial intelligence (AI) – which is the focus of the second year of the TradeTech

Initiative. It is hoped the first cohort will graduate from the Accelerator in March

2025.

“The TradeTech Initiative underlines the UAE’s

leadership on global trade issues. By driving

innovation and promoting the integration of

advanced technologies, including AI, into

supply chains, we can envision a more Dr. Thani bin Ahmed Al
Zeyoudi
UAE Minister of State for
efficient, more robust and more accessible Foreign Trade

global trading system. The TradeTech Accelerator is an essential

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