Expand North Star 2023 in Dubai, which is the largest forum of its kind for startups, announced that it will host a large number of international and Indian startups outside their country, with the main focus of this event, which will be held at Dubai Harbour from October 15 to 18, is to bring together various entrepreneurs and the next generation of deep tech talent in India and other countries in one scene that provides them with opportunities to attract investment, where the exhibition hosts more than 1,000 investors. From 70 countries, they manage trillion-dollar assets.
Hosted by the Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, the exhibition brings together more than 1,800 startups from more than 100 countries worldwide, including 200 Indian innovative companies that have chosen Dubai as a springboard for global expansion.
Some of India’s leading entrepreneurs, representing the third largest startup ecosystem in the world, will participate in the exhibition to attract investors and expand their customer base globally, where their business ranges from Google-backed and award-winning game innovators to producers of carbon-free protein for the $500 billion feed industry.
Indian startups participating in the show include Nouval Sustainability, which is launching D-Carbon, a recycled protein feed from waste designed to reduce the significant carbon footprint of the feed and meat sectors, according to founder Siva Sankar.
During the exhibition, Sanker will discuss his company’s manufacturing process to reduce carbon emissions in one of the world’s largest and most polluting sectors. “We will review the technology we have developed to extract protein from waste,” he said.
Sankar added: “The world wastes more than 30% of the food produced, the same amount of protein wasted as unconsumed meat scraps. At Nouval Sistanbulti, we are bridging this gap by devising a new solution that harnesses this waste’s enormous economic value, including only 1% of alternative protein sources in animal feed, a sector valued at around $500 billion.”
On the other hand, investors in the $300 billion gaming sector will see a new package of deep-tech gaming platforms, led by Tuttifrutti Interactive’s fantasy adventure game Sofia, which uses Unreal 5 Nanite engine technology with cinematic graphics.
Ajish Habib, CEO of Google-backed Tuttifrutti Interactive, which has won 15 global awards, including the Epic Games Mega Grant, said the alpha version of Sophia’s adventure game will reshape the female gaming market to push the company and potential investors to extraordinary heights of growth.
Habib added: “The company will quadruple by 2025 with the official launch of the development of games compatible with Sony’s VR2 technology, and we are currently releasing six VoIP games, which will help us grow 165x by 2028 and generate revenues of $80 million. Combined with AI and deep technology, immersive gaming technology will revolutionize the gaming market. We are harnessing AI in all aspects of our product development, from designing the emotional aspects of games and design to marketing and customer acquisition.”
Expand North Star will introduce unicorn startups whose founders will articulate their global growth trajectory to leverage their experiences for unparalleled success.
Notable participants in this pillar include Bhavish Agarwal, CEO and co-founder of Ulcap & Ola Electric, India’s largest ride-sharing company with over 1.5 million drivers, and Abraj Singh Bhal, CEO and founder of the $2.8 billion Urban Company, the largest home services platform of its kind in India and the UAE.
It should be noted that India’s startup participation in this year’s edition of Expand And North Star has doubled from the previous year’s edition, and this comes in light of the continued trade exchange and investment opportunities between the UAE and India, as the two countries plan to double the volume of non-oil trade exchange between them by 2030 to reach $ 100 billion.
According to the Dubai Chamber, Indian-owned companies account for 30% of Dubai’s total number of startups, with 83,000 Indian companies registered in the emirate. Indian companies and non-resident Indian entities have created more than one million jobs in the UAE.
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Last Updated on October 20, 2023 by Safiya K
