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10/28/24, 4:33 PM World News | UAE Launches TradeTech Accelerator | LatestLY
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".

Tim Stekkinger, Head, TradeTech Global Initiative, World Economic Forum: "Startups are

leading a new era of trade innovation, using technology to break down barriers across

logistics, finance, and more. By working alongside corporates and regulators, they are

crucial in addressing today's most pressing trade challenges."

On partnering with the TradeTech Accelerator, Saeed Amidi, Founder & CEO at Plug and

Play, said: "We are excited to launch the TradeTech Accelerator Program in partnership

with the Ministry of Economy of the UAE, the Abu Dhabi Department of Economic

Development, and the World Economic Forum. This program will play a vital role in

supporting the growth of innovative startups shaping the future of trade and creating more

efficient, secure, and sustainable trade globally."

Since the launch of the Global TradeTech Initiative in Davos in 2023, the UAE has

continued to lead efforts to create a modern, digitally-enabled trading system. The launch

of the Accelerator follows the publication of the first TradeTech Report and the gathering of

the first TradeTech Forum, which was held alongside the 13th Ministerial Conference of the

World Tarde Organization in Abu Dhabi in February 2024.

The Annual Meeting of the Global Future Councils 2024 is being hosted by the UAE. The

meeting features 30 thematic councils focused on future opportunities across five key

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