https://dubaifutureaccelerators.com/en The aim is to build an edge in the process of innovation so that Dubai can win the industries of the future. (We want) to create an interaction point for global innovation and indigenous innovators, said Saif Al Aleeli, CEO of the Dubai Future Foundation. We are living in a future where the pace of change is tremendous. This is an economic war. Theres a $275 million fund set aside to invest in startups (the equity taken will be on a case by case basis, according to the Dubai Future Foundation, which is Dubais main vehicle for encouraging a culture of entrepreneurship). In addition, Dubai is awarding government contracts, about $30 million worth, to the startups. The city has hosted one group of 19 startups out of more than 2,000 applicants. Winners includedcompanies like Honeywell (innovation is the main criteria, not the size of the company, but most firms are early stage ventures), Medativ, a 3D printing company, Hyperloop, working on mass transit problems, Grow, which is growing food with little need for water and fertilizers, Comae Technologies, which wants to use artificial intelligence to solve crimes.
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