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10/29/24, 8:32 AM UAE launches TradeTech Accelerator
UAE launches TradeTech Accelerator
ABU DHABI Fri, 18 Oct 2024
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Dr Thani Al Zeyoudi
UAE has formally launched a TradeTech Accelerator, an innovative incubator designed to support startups developing advanced
technology solutions for use in the trade sector.
Forming one of the key pillars of the TradeTech Initiative, which was launched by the UAE in collaboration with the World
Economic Forum (WEF) and the Abu Dhabi Department of Economic Development (ADDED), the Accelerator will help nurture
enterprises and projects that will contribute to modernise and improve logistics, customs procedures, trade finance and cross-
border payments.
Dr Thani Al Zeyoudi, UAE Minister of State for Foreign Trade, launched the Accelerator during WEF’s Annual Meeting of the
Global Future Councils 2024, which took place between October 15 and 17 in Dubai.
Inclusive and sustainable
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. He 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.
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