The Innovate Edition - November 2024
DIFC Innovation Hub
The region’s leading FinTech & Innovation Ecosystem #DIFCInnovationHub
DIFC ’s 2nd Future Sustainability Forum : Pioneering Global Decarbonisation and Green Finance
The Dubai International Financial Centre (DIFC) hosted over 3,000 industry leaders, 100+ companies, and 500+ investors at the 2nd Future Sustainability Forum . The event focused on advancing global decarbonisation efforts, green financing, and sustainability innovation, highlighting the UAE’s progress towards its Net Zero 2050 goals.
Key discussions included energy sector decarbonisation, ESG reporting, and building a circular economy, with industry leaders and global experts shaping the future of sustainable finance.
DIFC announces decarbonation strategy, achieving Net Zero by 2045 at Future Sustainability Forum 2024
Building on the outcomes of COP29, the legacy of COP28 with its landmark UAE Consensus, which was hosted in Dubai last year, DIFC has unveiled its Decarbonisation Strategy, reinforcing its commitment to being a sustainability leader in the region. The Centre will play a vital role in contributing to the UAE Net Zero 2050 strategic initiative, by committing to achieve its Net Zero targets by 2045.
In its Decarbonisation Strategy, DIFC targets reducing emissions in areas it directly controls relating to its operations, construction activities and supply chain, setting an example for financial centres worldwide. DIFC’s Strategy aims to achieve real Net Zero, without offsetting or trading carbon emissions.
nasscom has signed an MoU with DIFC to foster collaboration in FinTech and innovation. This partnership aims to open global opportunities for Indian tech companies, providing them with access to DIFC’s AI, FinTech, and innovation ecosystem. Following the signing, the Nasscom delegation was given an exclusive tour of the DIFC Innovation Hub and Dubai AI Campus at the DIFC Innovation One building.
During the tour, they explored state-of-the-art facilities and learned about the groundbreaking initiatives and projects underway at the Innovation Hub. They were introduced to our start-ups who have been working on developing cutting-edge technologies and innovative solutions at the Dubai AI Campus.
TRENDING NOW IN THE COMMUNITY
Alya Al Zarouni, Chief Operating Officer, DIFC Authority and Chair of the Dubai Sustainable Finance Working Group , opened proceedings at the DIFC-organised, 2nd Future Sustainability Forum where she emphasised the importance of collaborating towards shaping greener economies and accelerating change across industries and communities.
Mohammad Alblooshi at the Global Women's Forum Dubai
Mohammad Alblooshi, CEO of DIFC Innovation Hub , took part in a panel discussion on - FinTech For All: Harnessing Innovation to Benefit Women and Beyond at the Global Women's Forum Dubai.
Joined by Hela Cheikhrouhou , Noor Sweid , Amnah Ajmal , Neha Mehta , and moderated by CNBC ’s Dan Murphy , the panel explored the topic on how FinTech innovations are reshaping the financial landscape to empower women, promote financial inclusion, and drive economic growth.
Mohammad Alblooshi highlighted the role of regulatory frameworks and innovation hubs in scaling fintech solutions for broader impact. He also shared insights on how DIFC’s initiatives are shaping a more inclusive financial ecosystem in the UAE and beyond.
Event Highlights - DIFC Innovation Hub
From delving into regional strategies and market entry to collaborating with key regulators, the DIFC Innovation Hub has hosted a series of transformative events.
Each event has significantly contributed to shaping the future of technology and entrepreneurship, solidifying the DIFC Innovation Hub as a cornerstone of progress and innovation.
We look forward to hosting more events like these in the future, continuing to drive innovation and growth. Stay tuned to be a part of future groundbreaking events!
Investor Day 2024 at The Hub
Investor Day 2024 brought together a dynamic community of visionaries, innovators, and investors to explore the theme "Rethinking the Digital Economy." The event provided an exciting and in-depth look into the future of financial systems, with captivating discussions on the role of digital currencies, blockchain technology, and the UAE's bold approach to driving innovation.
The Hub at the Singapore FinTech Festival 2024
As we conclude our remarkable experience at the Singapore FinTech Festival, the DIFC Innovation Hub team, alongside our esteemed leaders, proudly demonstrated our unwavering commitment to innovation and collaboration within the FinTech industry. Together, we are shaping the future of digital transformation and financial technology on a global scale!
iPiD emerges victorious at the Singapore Qualifiers of the FinTech World Cup
iPiD emerges victorious at the Singapore Qualifiers of the FinTech World Cup powererd by Ignyte which took place today at the Singapore FinTech Festival! Pushing the boundaries of payment solutions has won the first regional qualifying round of the FinTech World Cup! We are excited to see how their groundbreaking ideas will transform the FinTech landscape and improve payment journey for banks, FinTechs and wallets!
The journey continues for iPiD as they advance to the Grand Finale at the Dubai FinTech Summit 2025, where they will compete for global recognition alongside top leaders in the FinTech sector on 13 May 2025. Stay tuned for more updates as we unveil the latest innovations in the industry, and secure your tickets now for the Dubai FinTech Summit
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PROGRAMMES AT THE HUB
The Global AI Challenge for Civil Defence
Presenting the key moments from the Pitch Day of the Dubai AI Challenge for Civil Defence, organised in collaboration with Dubai AI Campus and Dubai Civil Defence H.Q. . From an impressive pool of 113 applications and over 57 interviews, we proudly showcased the top 10 start-ups, each presenting their cutting-edge solutions. These innovators competed to drive Dubai towards an AI-powered future in public safety.
Meet the top 3 finalists and discover their groundbreaking ideas. Join us in celebrating the future of AI with the AI Challenge for Civil Defence, featuring Dubai Civil Defence H.Q. and Dubai AI Campus.
NDTI Cohort 3
The National Digital Talent Incubator (NDTI)? by Emirates NBD proudly supports the UAE’s brightest Emirati startups. Cohort 3 kicks off with four exceptional startups paving the way for a brighter digital future. Together with DIFC Innovation Hub , Visa , 微软 , and Dell Technologies , we’re shaping innovation and empowering the UAE’s digital vision!?
WHAT'S ON AT THE HUB
du business AI Advantage Series #4
Join the fourth session of the du AI Advantage Series, hosted in collaboration with Wafeq ????? , the leading provider of accounting and e-invoicing software for small and medium businesses.?Learn practical strategies from Wafeq ????? 's CEO - Nadim Alameddine , to streamline your financial processes and stay ahead in managing your business's accounting needs.?
DIFC-based start-up Stake reaches an investment of AED 500 Million
DIFC-based start-up Stake has reached a significant milestone with an investment of AED 500 million. This achievement underscores the company’s vision of making real estate accessible to everyone, everywhere. Stake, the platform facilitating this vision, continues to innovate and expand its reach, making real estate investment more inclusive and attainable.
DIFC-based start-up Pemo Successfully Closes Pre-Series A Round of USD 7 Million
DIFC-based fintech Pemo has secured USD 7 million in pre-series A funding, following a milestone of AED 1.4 billion in annualised transactions. The funding, co-led by Shorooq and Augmentum Fintech, will drive product innovation and expansion into GCC markets, including Saudi Arabia. Pemo’s platform offers corporate cards and automated tools for efficient spend management, empowering businesses with real-time analytics and AI-driven accounting.
Dubai AI Campus -Based Start-up Popcorn AI Secures USD $500K Pre-Seed Funding
Dubai AI Campus-based start-up, Popcorn AI, has secured USD 500K in pre-seed funding from Salica Investments, Al Waha Venture Capital Fund of Funds, and strategic angel investors. This funding will accelerate Popcorn AI’s mission to revolutionise digital commerce with AI agents that manage the entire customer journey, from discovery to checkout, enhancing personalised shopping experiences globally.
Dubai AI Campus -Based Start-up Camb.ai recognised in Sports Business Journal 's 30 under 30
Dubai AI Campus-based start-up Camb.ai's CTO Akshat Prakash has been selected as Sports Business Journal’s new voice for the prestigious 30 Under 30 list. This recognition highlights the company’s innovative contributions and leadership within the AI ecosystem.
Camb.ai, known for its advanced AI speech synthesis and translation technology, is enabling media enterprises and sports leagues to transform their content into multiple languages, preserving brand identity and voice.
Dubai AI Campus -Based Start-up Icom Innovation Ltd Wins in The First Cohort of The Meta Llama Design Drive in UAE
Icom Innovation Ltd, Dubai AI Campus-based, has won in the first cohort of the Meta Llama Design Drive in the UAE. Competing in the challenge set by Emirates Airlines , Icom Innovations showcased their innovative solutions and emerged victorious. This achievement highlights the talent nurtured within the Dubai AI Campus.
Ignyte 's Pitch at the Hive: HR Edition
For the third edition of Pitch at the Hive, the focus is on HR Innovation!
This series gives Ignyte community start-ups the opportunity to showcase their products to a panel of experienced investors and mentors. Participants will receive valuable, real-time feedback to help refine their business strategies and boost their chances of success.
The startups presenting at this edition are:
Tech Marketing I Digital Marketing | Branding I Content I Comms
2 个月Great round-up of Innovation News. I see NDTI Cohort 3 in there! ??