DP World picks 10 start-ups for Turn8
Dubai, October 2, 2013
Global marine terminal operator DP World said it has selected 10 start-up ideas for developing them into commercially-viable businesses as part of its seed accelerator initiative Turn8 powered by innovation360.
The 10 teams of two are being supported with funding, mentoring and training in Dubai in exchange for a stake in any resulting business under Turn8, the region’s only programme that offers cradle-to-commercialisation support for innovative start-ups.
The final projects range from consumer sentiment trackers and counterfeit goods detectors to a digital math tutor for children and an app to record dreams.
The announcement marks the completion of the year-long Turn8 programme’s first roadshow phase that involved an online campaign and visits to selected countries with active start-up cultures, including the UAE, Egypt, Jordan, the Ukraine, Belarus, Singapore, Malaysia and the US.
Mohammed Sharaf, Group CEO said: "DP World is a firm believer in innovation and technology to help power business. Through Turn8, we aim to promote a start-up and innovation culture in the wider community building on the UAE’s traditions of entrepreneurial flair."
"This also fits with its vision to become a regional hub for innovation and to create a fully-fledged innovation centre in Dubai. I am excited by these projects and look forward to seeing them developed to their full potential," he added.
Lauding the selected teams, Yousif Almutawa, the chief information officer, said: “DP World has launched Turn8 to encourage innovative entrepreneurship. Our search for ideas uncovered some exciting new local and international proposals, ten of which are now short-listed for our support."
Kamal Hassan, the founder and CEO of innovation360, said: Our finalists are young minds with ingenious ideas that can be refined and brought to market through the Turn8 seed accelerator. We have now entered the crucial stage of incubating and nurturing them through this developmental phase.-TradeArabia News Service
More Industry, Logistics & Shipping Stories
- Emal to supply molten aluminium to Ducab unit
- Ducab acquires British cable firm
- Emirates SkyCargo wins top awards
- Bayer opens new coatings, adhesives lab in Dubai
- Chep Aerospace unveils new ULD mobile app
- Cargo summit calls for cut in transit times
- Dubai bus fare cheapest among top cities
- DHL Express boosts Mideast fleet
- DNV to re-certifiy Drydocks World services
- Amphibious boats make global debut in Dubai
- Qatar sets up mixed business incubator
- Non-oil sectors ‘biggest contributors to UAE economy’
- Alba educates customers on best practices
- Spinneys to set up distribution centre at Kizad
- Maritime courses draw more trainees
- Dow to showcase at Dubai coatings expo
- UAE aluminium sector backs Syria refugees
- Asry in big vessel repair milestone
- Flare, Jordan form parent company ‘Aereon’
- Drydocks delivers second MCV for US
- ASIS launches amphibious leisure boat
- Taskforce sought to develop Saudi downstream sector
- DP World launches $200m India project
- RAK 'exploring' ceramics unit stake sale
- Mideast carriers top global air freight growth
- DMCA launches maritime solution apps
- Saudi plans oil-to-chemicals plant at Yanbu
- Sabic gets four bids for JV with Mitsubishi Rayon
- Pentair, IDC launch industrial services JV
- Major maritime conference to be held in Dubai