Page 343 - MOE ENGLISH PR REPORT - OCTOBER 2024

10/28/24, 4:30 PM United Arab Emirates launches TradeTech Accelerator - Biz Today
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 Dr Thani 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.

His Excellency said: “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 efficient, more robust and more accessible global

trading system. The TradeTech Accelerator is an essential 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
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.”

His Excellency Ahmed Jasim Al Zaabi, Chairman of ADDED, said “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 testament to our commitment and efforts to support convergence of trade and
technology, support of startups and technological innovations”.

“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’ position as 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”.

https://www.biztoday.news/2024/10/17/united-arab-emirates-launches-tradetech-accelerator/ 2/3