Dubai’s AIM 2022 launches $30,000 in prizes for start-up pitching competition - The EE

Dubai’s AIM 2022 launches $30,000 in prizes for start-up pitching competition

Start-ups will get the chance to win up to AED110,000 (US$29,948) in cash prizes

Dubai, UAE. 14 November 2021 –The Dubai-based investment platform, The Annual Investment Meeting (AIM), will be providing prizes for start-ups at the start-up pitch competition. The initiative will support and bring numerous opportunities, and aims to facilitate growth and future developments among global start-ups.

The next chapter of the Annual Investment Meeting will be held on 29-31 March 2022, under the theme “Investments in Sustainable Innovation for a Thriving Future”, and will provide a powerful platform for start-ups to maximise their potential, expand their network, and grow globally.

The Annual Investment Meeting’s Start-up Pillar will host Live Pitching sessions, with the participation of the start-ups who will be physically exhibiting at the Dubai Exhibitions Centre at EXPO 2020 Dubai, or digitally via state-of-the-art virtual events platform, Events10X.

Start-ups will get the opportunity of networking with key industry figures, engaging with clients & investors, showcasing their innovations & B2B Matchmaking. The start-ups pitching competition will be based on the 3-tier Round of Funding format featuring various start-ups globally in the Pre-Seed, Seed & Series A funding categories. Start-ups will get the chance to win up to AED110,000 (US$29,948) (€26,173.20) in cash prizes and secure funding from global accelerators and venture capital firms.

The Annual Investment Meeting 2022 will also provide a virtual access to start-ups to gain maximum exposure and get connected with local and international investors from more than 170 participating countries, offering them abundant opportunities to find new sources of funding and financing solutions for their business. 

The Annual Investment Meeting 2022 strives to support all economic sectors by opening numerous opportunities to the world, as a dynamic roadmap to recovery from COVID-19, as it highlights six multi-faceted pillars including Start-ups. With AIM’s pillars, AIM 2022 actively supports businesses, multinational organisations, regions and countries during the rapid shift of the economy by extending its scope and not only by focusing on FDI (foreign direct investment). AIM 2022 is highly agile and will serve as a dynamic gateway to jumpstart economies and boost economic productivity.

Across the globe, start-ups play a crucial role in developing new industries and creating innovative ideas. AIM helps start-ups by mentoring early-stage venture investment or seed funding. The Annual Investment Meeting 2022 will also provide virtual access to start-ups, providing them with the opportunity to gain maximum exposure and get connected with local and international investors from more than 170 participating countries, giving them abundant opportunities to find new sources of funding and financing solutions for their business.

Globally, start-ups contribute significantly to economic development and job creation. By 2030, the number of start-ups around the world is expected to increase and will create more than 600 million jobs. A wide range of activities await participating Start-ups at AIM 2022, such as World-Class Conferences and Workshops. Startups can explore innovative strategies and practices led by more than 300 high-level speakers which include, world leaders, ministers and heads of distinguished local and international organisations. The exhibition will see the participated of local and international exhibitors with the goal of achieving economic growth for their respective country and region.

According to start-up data platform MAGNiTT, MENA-based start-ups attracted $1.03 billion (€0.90 billion) in investments in 2020, an increase of 13% from 2019. The UAE received 56% of all investments regionally. The region’s start-ups typically received funding from friends and family to get off the ground. An increase in the number and awareness of angel investors is making it easier for entrepreneurs to approach them for funding. In August, MENA start-ups raised more than $160 million (€139.83 million) across 44 deals, bringing the year’s total to $1.78 billion (€1.56 billion). A total of $83.6 million (€73.06 million) was raised by 14 start-ups in the UAE, helping the UAE maintain its top ranking in the region. 

AIM 2022 aims to provide businesses, governments and civil society with an independent and future-oriented platform to amplify their efforts influencing and facilitating multistakeholder interaction and impact. The start-up pillar will connect keen investors looking for new avenues and investment projects in a sustainable and innovative environment, as well as governments looking for start-up projects to increase their economic growth.

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