Page 337 - MOE ENGLISH PR REPORT - OCTOBER 2024

UAE launches TradeTech Accelerator

• Thursday, October 17, 2024 8:46 PM

• 4 minutes Reading

DUBAI, 17th October, 2024 (WAM) –-- Dr. Thani Al Zeyoudi, Minister of State for Foreign Trade, has
officially 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 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. 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.

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.

https://www.wam.ae/en/article/b5q8wko-uae-launches-tradetech-accelerator