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 m...

Egypt founded, WEB3.0 messaging and Blockchain communications platform, Pravica, with offices in Egypt and the UAE is the only MENA-based startup chosen among the top 20 finalists for Deutsche Telecom’s T-Labs and T-Mobile’s T-Challenge 2023. T-Labs is the R&D department of Deutsche Telekom which focuses on translating new technology trends and delivering tangible results into Deutsche Telekom’s innovation portfolio. Their current research areas are: Future Networks, Spatial Computing, Network Security and Digital Twin and Decentralized Systems Pravica, an Egyptian WEB 3.0 Messaging and Blockchain communications platform with offices in UAE was one of the 20 projects selected for T-Labs and T-Mobile’s Challenge in 2023. The focus of T Challenge in 2023 is utilizing decentralized technologies for telecommunication in other words Web3 in telecommunications. As per the T-Challenge announcement, the start-ups were chosen because they stood out for their innovative Web3 solutions powere...

  UAE startup Educatly, a platform connecting students to global higher education opportunities based out of in5 Tech, a business incubator by TECOM Group PJSC, is implementing a blockchain solution for student data verification, which is essential for them to provide legitimate students records to relevant universities. As per the announcement, the Blockchain data verification solution is also crucial for foreign students who want to further their education overseas because it might be challenging to obtain original copies of their degrees elsewhere. In the third quarter of 2022 Educatly’s community of students increased by five times, from 100,000 to 500,000 in the past nine months and represents more than 150 countries and territories. 2022 has been marked by several milestones for the tech start-up, which was founded by former LinkedIn employees in 2020. Educatly has cast a wider net across the higher education industry to feature more than 3,000 universities on its platf...

  UAE based Mubadala Capital led a Series B funding round of $70 million for Ramp Network, whose claim their mission is to make Web3 a reality by enabling mainstream adoption of   products and services offered by pioneering blockchain ventures. Ramp Network does this by offering a payment infrastructure that connects crypto and traditional finance. “Ramp has established a clear lead in the crypto gaming space by delivering a superior user experience, leading conversion rates and strong regulatory compliance,” said Frederic Lardieg at Mubadala Capital Ventures. Among the investors was Korelya Capital,   Balderton Capital which led its $53 million Series A, and new investor Cogito Capital. The firm has now raised over $120 million in the past year. It offers a payment product that lets users buy cryptocurrencies inside any application or website, essentially the Web3 answer to services like PayPal (PYPL) or Stripe. Its customers include GameStop (GME), crypto-based ...

    UAE based start-up Urbie, is purifying indoor air using blockchain, bio-tech, and crypto. Inspired by NASA, Urbie leverages plant evolution and technology to absorb and neutralize common pollutants found in enclosed areas. The start-up utilizes biological air purifiers and green wall purifiers with self-watering systems. These are connected to mobile apps so users can not only monitor their indoor air quality but also keep track using blockchain. Users are able to earn green crypto coins based on the number of hours of purification. These coins can be used to plant trees, build water wells in an effort to curb the negative impact of climate change. As per the news, Urbie’s goal is to attach a carbon credit to their coins so users can trade their coins in crypto exchanges around the world. Urbie’s products utilize the natural filtering power of plants and manmade filters using naturally occurring materials to safely filter out harmful chemicals, viruses and bacteria...