Abu Dhabi is positioning itself as a technology hub and is looking to attract companies in sectors that are crucial to its growth, such as agricultural technology, health care and renewable energy.
It is focused on projects that invest in innovative start-ups, develop strategic industries and ease doing business in the emirate.
Adio has partnered with Microsoft to launch a series of initiatives under the Microsoft for Startups Programme, which provides technology, Azure cloud services, business support tools and programmes to develop skillsets within start-ups with the aim of accelerating their growth.
Under the agreement, Microsoft will manage several programmes over a five-year period to support the regional technology start-up ecosystem. The first is “Microsoft Growth X Accelerator”, a virtual accelerator with a focus on recruiting local and regional startups.
Adio, Microsoft and Plug and Play accelerate startup opportunities in Abu Dhabi
Adio is supporting two of Plug and Play’s existing fintech and healthtech accelerators. Wam Microsoft for Startups programme to launch several initiatives that support the regional technology startup ecosystem.
Two world-class startup enablers are rolling out a series of dynamic programmes in Abu Dhabi to accelerate opportunities for early-stage companies in 2021 and beyond. The Abu Dhabi Investment Office (Adio) is partnering individually with Microsoft and Plug and Play on a range of initiatives to provide founders and entrepreneurs with tools and resources to successfully scale their businesses and realise ideas that drive positive impact.
This article is extracted from the report Construction Megatrends
Covid-19 has led to a paradox for global markets. While significant liquidity is available at historically low interest rates, poor economic conditions and an uncertain outlook do not see an equitable distribution of funds to various, and perhaps essential industries.
This has resulted in untapped pools of liquidity that, in theory, construction companies, or their paymasters, could draw upon to help support contracting operations through the slowdown. But in reality, contractors and their suppliers will find it difficult to access these funds due to their vulnerability to payment delays or, in the case of smaller entities, lack of financial reserves.
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