Page 328 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/29/24, 8:32 AM UAE launches TradeTech Accelerator in nurturing startups
part of these efforts, supporting the development of the ideas and

enterprises that will enhance processes right the way along the

value chain, from securing trade finance to customs clearance

documentation. The Accelerator will not only provide the support

and guidance to develop the best TradeTech solutions but also

connect them with key players in the logistics and trade sectors to

ensure they are viable and scalable. This step will begin to turn

promising projects into real-world solutions.”

Ahmed Jasim Al Zaabi, Chairman of ADDED, said that, “The launch of TradeTech

Accelerator Program is fully aligned with strategic objectives of the UAE and Abu

Dhabi, which is an epitome of incentivizing innovation, championing startups, and

developing advanced technologies to enhance efficiencies in the trade

ecosystem. Hub71, Abu Dhabi’s global tech ecosystem, and the Advanced Trade

& Logistics Platform (ATLP), the single window platform for trade, emerge as a

testament to our commitment and efforts to support the convergence of trade and

technology, support of startups and technological innovations.”

Al Zaabi added that, “We are continuously evolving trade facilitation solutions,

including AI-powered systems, to simplify procedures, reduce time and cost, and

increase trade volumes as we cement Abu Dhabi’s position as the preferred hub

for talents, businesses, investments, and a key node on international supply

chains. By enabling startups to unlock the potential of advanced and emerging

technologies, the TradeTech Accelerator Program is paving the way to develop

innovative solutions that will shape the future of trade and enhance its role in

sustainable development.”

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