French Tech Gitex pavilion to host 22 firms
DUBAI, August 29, 2016
The French technology pavilion, a Business France initiative, will be hosting a total of 22 French exhibitors and start-ups that specialise in digital technology at the upcoming Gitex, to be held in Dubai, UAE, in October.
The event will take place from October 16 to 20, at the new Zabeel Hall, Dubai World Trade Centre.
With the help of Business France, the exhibitors will be amongst an estimated 500 start-ups attending this year’s event for the opportunity to meet over 200 venture capital and potential investors in the region, said a statement from the company, said a statement.
The start-ups will also be competing for the chance to win $1 million at the Gitex Startup Competition, it said.
The exhibiting firms operate in an array of sectors including network and software solutions, M2M and mobile applications, IT security, and telecommunications, it added.
This year, four French start-ups – Bell & Wyson, Famoco, Oledcomm and Think & GO NFC – will be presenting their breakthrough inventions.
The French Tech pavilion will also be home to Reunion Island's Regional Investment and Innovation Development Agency, Nexa, which will bring five innovative companies to the fair to promote the capabilities from within the French overseas territories.
Fayssal Majid, project manager of the French Tech pavilion for Business France, said: “We wanted to offer French exhibitors a tailored program that supports them throughout their development in the Gulf region.”
“We will have a reception area set up at each of the two pavilions to direct visitors towards the French exhibitors. By taking part in Gitex, they can take advantage of our knowledge, meet new customers, and develop strong ties with local decision makers,” he added.
International recognition of France’s vibrant digital industry is reflected by the stellar growth of many French start-ups and reinforced by a variety of initiatives and €1billion ($1.12 billion) in venture capital funds, said the statement.
In 2015, the resurgence of the French software and IT services industry continued, with growth rates of 2.2 per cent. This growth was boosted by the vibrancy of the social, mobility, analytics, Cloud and security (SMACS) projects, which increased by 16.9 per cent to €5.6 billion ($6.25 billion). A growth of 2.6 per cent was forecasted for 2016, it said.
According to IDC and Syntec Numérique, the French software publishing, IT services, and technology consulting market was worth €50.5 billion ($56.4 billion) in 2015, with a 2.2 per cent year-on-year increase, it added.
Visitors who would like to meet the French companies exhibiting at the French Tech pavilion are advised to head to Hall 4. The start-up zone will be set up at the new Zabeel Hall. Catalogues for participating firms will be available upon request, it stated. – TradeArabia News Service