DUBAI, 30th January, 2018 (WAM) — Dubai Startup Hub, an initiative of the Dubai Chamber of Commerce and Industry, has announced the signing of several deals between four leading UAE-based corporates and organisations, namely Dubai Chamber, flydubai, Emirates NBD, and Fiat Chrysler Automobiles, and the three winning start-ups of the MarketAccess programme.
Memoranda of understanding, MoUs, were unveiled today during a deal signing ceremony held at Dubai Chamber’s premises, which covered a wide range of industries, business projects and objectives, with the agreements remaining valid for one year.
Dubai Chamber signed an MoU with online marketing agency Digital Falcon, that will see the two entities work together to boost Dubai Startup Hub’s digital presence. flydubai unveiled a strategic agreement with cyber security company VUL9 to deliver security staff monitoring and related services to the airline’s offices across the UAE.
Emirates NBD signed an MoU with VUL9, which will work with the bank’s cybersecurity team on key projects and initiatives. In addition, Fiat Chrysler Automobiles announced a deal with LoadMe, an online marketplace for freight exchange, to develop a solution that will drive the company’s commercial vehicle sales in the Middle East.
Speaking on the announcement, Hisham Abdullah Al Shirawi, Second Vice Chairman of Dubai Chamber, said that the response to the first cycle of the MarketAccess programme was overwhelming with more than 130 SMEs and start-ups submitting business ideas and solutions, adding that the quality of the submissions exceeded the chamber’s expectations.
Market Access is a first-of-its-kind programme which aims to enhance cooperation and facilitate deals between innovative start-ups and SMEs from around the world, and leading companies and government entities in Dubai. In the first cycle of the programme, start-ups and SMEs were invited to submit innovative ideas and solutions that solve key challenges faced by prominent organisations in Dubai.
Dubai Chamber launched Dubai Startup Hub in 2016 as an online platform to connect start-ups, entrepreneurs, developers, venture capitalists and students, enabling them to learn about new opportunities and create new partnerships that stimulate economic growth.