Each agency shall use the fund to provide initial and supplemental grants to
startups and
startup enablers that have passed its selection process.
It also aims to 'support the development and growth of enterprises whose innovative product, service, or business model is integral to creating a competitive
startup community in the Philippines.'
Omar Khan, director of International Offices at Dubai Chamber of Commerce and Industry congratulated the winners on their achievements and noted that both of the selected
startups offer unique business concepts that meet market needs and support Dubai's smart city vision.
On the occasion, Moqeem ul Haque, Chief Commercial Officer, PTCL, said, "We are proud of the winners of Pakistan
Startup Cup, Nano IT Solution and Arpus Technologies, who have shown excellence and potential to stand out as the leading
startups amongst the pool of talent available.
He added, 'This is the first time that two Peshawar-based
startups secured top positions in a nation-wide competition, which is testimony to the hard work and dedication of all the stakeholders of NIC Peshawar.'
Other
startups are positioning themselves as competitors in how they use emerging technology and innovative thinking - threatening to disrupt existing insurance industry business models.
* Offer Banking and Lending solutions to eligible start-ups already listed or due-to-list on BSE
Startup platform
Its goal, he said, is to cultivate companies with the potential to become unicorns, help
startups venture into overseas markets, and assist companies in non-high-tech sectors, including small and medium-sized enterprises, to upgrade their operations.
Following the application process, a total of 10 UAE
startups will be selected to participate in the matchmaking programme.
Startups will have to provide account details and return of income for last three years.
The five
startups that will compete internationally in the final round in Dubai against more than 500 global competitors are Fast Movers, which is an online market place for tracks; Tely Pay, which provides electronic payment solution; Zayr Host, a
startup that targets hosting services for international tourists, Adeeb Kids, which offers interactive educational programme for developing kids' skills, and Pocket Carage, which is an online platform that provides car maintenance services.
