Tech accelerator Plug and Play teams up with Adio to boost innovation

Global technology accelerator Plug & Play has partnered with the Abu Dhabi Investment Office (Audio) to foster industry innovations and attract high potential technology startups to the emirate.

As part of the partnership, the two organizations will launch a Business 4.0 open innovation platform that aims to foster ambitious projects, better policies, real economic value and global thought leadership.

Plug and Play said, “It will foster collaboration and knowledge exchange of leading industrial companies and exceptional technological developments in … supply chain management, manufacturing, warehousing, telecommunications, maintenance, operations, logistics, energy, construction and real estate.” Property.”

The UAE is committed to improving the industry. Earlier this year, a new strategy was launched to increase the manufacturing sector’s contribution to 300 billion dirhams ($81.68 billion) over the next 10 years, up from 1333 billion dirhams currently.

“Abu Dhabi’s inherent strengths make it ideal for an open innovation platform for Industry 4.0,” said Abu Dhabi Director, Plug and Play Abu Dhabi.

The size, diversity and mindset of industry players in Abu Dhabi will be a powerful factor in attracting technology startups of the technology class to the emirate through collaboration opportunities that provide genuine business, co-creation and investment. ”

Plug and Play in Silicon Valley, one of the world’s largest accelerators, opened its office in the Abu Dhabi Global Market in October 2017 after signing a free zone joint venture to bring fintech startups to the capital.

Abu Dhabi’s economy is expected to deteriorate by 6 percent to 8 percent over the next two years. Started this year. .

“We want to support startups and companies that contribute to real and lasting change by developing solutions and technologies with solutions,” said Tariq Bin Hendy, Director General of Audio. “The Open Platform for Change will harness the power of collaboration to shape a brighter future globally.”

Abu Dhabi continues to attract new companies to set up operations in the UAE.

Land-based Atlantic salmon aquaculture company Pure Salmon said earlier this year that it would set up its global headquarters in Abu Dhabi in collaboration with AUDIO.