India is the third-largest startup ecosystem in the world. It is climbing up to become number two by leading in tech innovation, to reach the next 6 Bn users. The ecosystem is looking to spread its wings far and wide and one such place it’s looking at is the Middle East. Earlier this week, the embassy of India in Abu Dhabi, UAE in partnership with non-profit think tank iSPIRT, and TiE Dubai organised the Startup India Summit 2017 in Dubai.
This was the first “Startup Summit” being held in the UAE by the Consul General of India (CGI) in Dubai and Embassy of India in Abu Dhabi. It brought together the two ecosystems as well as presented carefully curated high-tech startups.
The summit aimed to provide a platform for the startup ecosystem in both India and UAE for greater collaboration, exchanging ideas, interact with academia, investors and industry, access to funding, and get the requisite hand-holding and mentoring to grow and prosper.
The Startup India Summit
In all, 16 Indian startups in the artificial intelligence, SaaS, fintech, healthtech, deeptech or innovative technology space took part in the two-day event. The deeptech startups included AllgoVision, Locus, Oizom, Posist, and Team Indus while the SaaS bandwagon consisted of Capillary Technologies, CloudCherry, and Fyle. Meanwhile, Capital Float, Faircent, Remitr, and ToneTag were the fintech startups which made it to the summit while the healthtech sector was represented by Aindra, NIRAMAI, Sigtuple, and Tricog.
Indian Ambassador to the UAE Navdeep Singh Suri opened the two-day event with this remark, “Startup India is a flagship programme of Indian Prime Minister Narendra Modi and it is our endeavour to promote it in the UAE. India is the third-largest ecosystem in the world leading in tech innovation globally while the UAE aims to be the global hub for technology in the future.”