24 May 2017, Abu Dhabi, UAE

ADGM PARTNERS IBPG ON INDIA-UAE START UP INVESTOR DAY

The Indian Business & Professional Group (IBPG) and Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, under the patronage and support of the Embassy of India in Abu Dhabi, have successfully collaborated and completed the “India-UAE StartUp Investor Day” series with the finale event in Abu Dhabi on 24 May 2017. A total of 16 tech startups and innovators from India presented their unique solutions and innovations to more than 250 industry leaders, potential investors, regulators in Dubai and Abu Dhabi during the week.

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The India-UAE Startup Investor Day is an initiative aimed to foster greater collaboration, inspire more new ideas and create cross-border business opportunities between India and the UAE. To spark greater exchange of ideas and experience, ADGM FinTech Reglab firms were also present to meet with the startups and innovators at the finale event held at ADGM Authorities Building on Al Maryah Island.

“UAE has established a strong reputation as a leader in technology and innovation, while Start-up India is a flagship program of Prime Minister Modi that hopes to nurture job creators instead of job seekers in India. By bringing some of our leading start-ups and tech entrepreneurs to Abu Dhabi and Dubai, we hope to add a fresh dimension to our very special relationship with UAE – one that offers a new platform for our youth to collaborate and build technology infrastructure,” said H.E Navdeep Singh Suri, Ambassador, Embassy of India, Abu Dhabi (UAE).

“India has the 3rd largest start-up ecosystem in the world, and the UAE is building a foundation for innovation, there is no better collaboration than to bring these two countries together to share ideas and access markets for capital. We are so pleased to partner with ADGM to help bring these entrepreneurs to Abu Dhabi and to continue to work towards exchange with India,” said Mr BR Shetty, Chairman of IBPG.

“We would like to especially thank H.E Navdeep Singh Suri, the India Ambassador to the UAE, for his leadership in driving this initiative and his vote of confidence in ADGM. We are pleased to work closely with leading and forward-thinking business associations like the Indian Business & Professional Group and its senior management in our endeavor to foster a conductive and inclusive FinTech ecosystem to meet the business needs in this region. I look forward to developing more new initiatives and opportunities with our stakeholders in support of the growth in our economies,” said Mr Richard Teng, Chief Executive Officer of the Financial Services Regulatory Authority of ADGM.

The startups coming to UAE are carefully curated high-tech companies, ranging from those building privately funded spacecraft to intelligent traffic solution; environmental monitoring; management & analysis of medical data. Detail of the individual startup is provided separately. The sectors represented at the investor day included Financial Technology (Fintech); Software as a Service (SaaS); Healthcare Technology (HealthTech); and Innovative/Deep Tech.

 

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