Dubai Startup Hub, an initiative of
the Dubai Chamber of Commerce and Industry, 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 startups 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 a 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.
In his welcome remarks, HE Hisham Abdullah Al Shirawi, Second
Vice Chairman of Dubai Chamber, noted that the response to the first cycle of
the MarketAccess programme was overwhelming with more than 130 SMEs and
startups submitting business ideas and solutions, adding that the quality of
the submissions exceeded the Chamber’s expectations.
“The three UAE-based startups that made the final cut are a
true reflection of the country’s thriving entrepreneurial eco-system which
continues to mature and evolve. We congratulate you on this big accomplishment
and hope that it will take your businesses to the next level and inspire other
startups to join the programme in the years to come.”
HE Al Shirawi spoke about the main benefits of participating
in MarketAccess, as well as Dubai Chamber’s Entrepreneurship Strategy 2021
which aims to expand the scope of support to startups, entrepreneurs and youth
Sebastian Stefan, CEO at Loadme, noted the valuable support
that he received throughout the MarketAccess programme and described the deal
as a game changer that would help the startup attract other corporate
Mohamed Amine Belarbi, Co-founder and CEO of VUL9, said: “Market Access has proven to be a great success for us as it helped us connect
and close deals with two large corporates we wouldn’t have been able to reach
otherwise,” adding that the MoU would help boost the company’s credibility in
the local and regional market.
German Gussakovskiy, CEO and Managing Partner of Digital
Falcon explained that the deal signed with Dubai Chamber offered “exponential
fundamental business value” for the startup, describing the agreement as “an
additional milestone” for his team.
Market Access is a first-of-its-kind programme which aims to
enhance cooperation and facilitate deals between innovative startups and SMEs
from around the world, and leading companies and government entities in Dubai.
In the first cycle of the programme, startups and SMEs were invited to submit
innovative ideas and solutions that solve key challenges faced by prominent
organisations in Dubai.
The programme provides a unique opportunity for selected
startups and SMEs to tailor their business ideas to meet specific needs, gain
industry experience, and take advantage of opportunities to market their
solutions and products to leading corporates and organisations in the emirate.
Dubai Chamber launched Dubai Startup Hub in 2016 as an
online platform to connect startups, entrepreneurs, developers, venture
capitalists and students, enabling them to learn about new opportunities and
create new partnerships that stimulate economic growth.