UAE DMCC awards AI Blockchain EatCloud start-up Impact scale up program winner prize
UAE’s DMCC, freezone has awarded blockchain AI Columbian
startup EatCloud with the Impact scale program award. EatCloud is one of three
startups to win cash prizes of $49,000 for 'DMCC Impact Scale-Up Program Powered by C3'.
The six-month program supports the growth of impact-driven
businesses that align with the UN Sustainable Development Goals, and it
represents a part of DMCC's ESG strategy. As the UAE prepares to host COP28 and
lead the conversation that drives the global sustainability agenda, the program
comes to an end. Fifteen impact-driven SMEs addressing some of the world's most
pressing sustainability challenges pitched their companies to a panel of
business experts from PwC, Global Ventures, Astrolabs, and Brunswick in a pitch
day that marked the end of the program.
The winners of the program are Grocedy, a Nigerian FoodTech platform that aggregates micropayments from low and middle-income earners towards a monthly food subscription and other micro financial services, EatCloud, a Colombian start-up that uses AI and blockchain technology to redistribute surplus food worldwide, reducing waste and supporting food banks globally, and Chefaa, an Egyptian GPS-enabled pharmacy benefits platform that allows patients to order, schedule and refill recurring prescriptions as well as all pharmacy needs.
Feryal Ahmadi, Chief Operating Officer, DMCC, said, “As DMCC continues to place Dubai at the heart of global trade, it is essential that we also use our platform to have a positive impact on society. This is a momentous year for the UAE where sustainability is center-stage, and it is also integral to DMCC’s strategy. With 15 companies tackling some of the most pressing environmental and social issues we face today, the first edition of the DMCC Impact Scale-Up Program marks a great success in working towards this goal. Congratulations to all the participants in the program – we are excited to see your successes and your positive impact in the coming years.”
Khalid Kalbat, Director of Small and Medium Enterprises
Development Department at the Ministry of Economy of UAE, added, “This
program is a testament to the UAE's commitment to social and environmental
impact and to promoting entrepreneurship in the region. I commend DMCC and C3
for their efforts in enabling participating businesses to establish a presence
in the UAE and leverage our local ecosystem as a launchpad to successfully
expand across the MEA region."
This comes as DMCC signed on two major blockchain partnerships this week.
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