Dubai – Mubasher: The UAE’s startups have scooped up $31.36 million in investments, making up 88% of the total deal value in the region, according to the organisers of the upcoming AIM Startup event.
Local services, e-commerce, and financial services acquire 44% of total transactions, Arabian Business reported.
“The startup ecosystem is fast changing. Just a few years ago, startups seemed like the purview of a niche circle, but fast forward today, and startups are hitting the mainstream business culture, emerging at an unprecedented rate,” Dawood Al Shezawi, chairman of the Organising Committee of AIM Startup, said.
He added that the main catalysts of the startup ecosystem have become fintech, cybersecurity, and blockchain.
Running between 8 April and 10 April in the emirate of Dubai, AIM Startup aims to connect promising startups with investors and business partners across the world.
The third edition of the event will host up to 500 investors, corporates, government representatives, and industry experts and will be given the opportunity to demonstrate their groundbreaking solutions to a global audience over 20,000.
The event’s 2019 edition carries the theme “Harnessing Global Digitisation to Empower Startup and SMEs”.
