AIM 2022 launches prizes for startup pitching competition

  • The annual investment meeting 2022 has announced prizes for startups participating in the pitching competition.
  • The annual investment meeting will serve as the leading platform for startups planning to scale up and expand to Dubai.

The world’s recognized and leading investment platform, The Annual Investment Meeting, will deliver prizes to startups at the startup pitch competition. The initiative will support and bring numerous opportunities, facilitate growth and future development among global startups. The next chapter of the annual investment meeting will be held on 29-31 March 2022 under the theme “Investing in sustainable innovation for a prosperous future”, and will provide a powerful platform for startups to maximize their potential, expand their network and grow globally.

The Startup Pillar of the annual investment meeting will host Live Pitching sessions attended by the startups that will physically exhibit at the Dubai Exhibitions Center at EXPO 2020 Dubai, or digitally via the advanced virtual event platform, Events10X.

Startups will have the opportunity to network with key figures in the industry, engage with customers and investors, showcase their innovations and B2B Matchmaking. The startups pitching competition will be based on the 3-tier Round of Funding format with various startups globally in the Pre-Seed, Seed & Series A funding categories. Startups will have the chance to win up to 110,000 AED in cash prizes and secure funding from global accelerators and venture capital firms.

The 2022 Annual Investment Meeting will also provide virtual access to startups to gain maximum exposure and connect with local and international investors from more than 170 participating countries, giving them ample opportunities to find new sources of funding and financing solutions for their business. .

The 2022 Annual Investment Summit aims to support all economic sectors by opening several doors of opportunity to the world as a dynamic roadmap for recovery from COVID-19, as it highlights six multifaceted pillars, including startups. With AIM’s pillars, AIM 2022 actively supports companies, multinational organizations, regions and countries during the rapid change of economy by expanding its scope and not just by focusing on FDI. AIM 2022 is extremely agile and will act as a dynamic gateway to boost economies and increase economic productivity.

Across the globe, startups play a crucial role in developing new industries and creating innovative ideas. AIM helps startups by guiding early venture investments or start-up financing. The 2022 Annual Investment Meeting will also provide virtual access to startups, enabling them to gain maximum exposure and connect with local and international investors from more than 170 participating countries, giving them rich opportunities to find new sources of funding and financing solutions for their business.

Globally, startups make a significant contribution to economic development and job creation. By 2030, the number of startups around the world is expected to increase and will create more than 600 million jobs. A wide range of activities await participating startups at AIM 2022, such as world-class conferences and workshops. Startups can explore innovative strategies and practices led by more than 300 speakers, which include world leaders, ministers, and leaders of prominent local and international organizations. The exhibition will be attended by the best local and international exhibitors with the aim of achieving economic growth for their respective country and region.

According to start-up data platform MAGNiTT, MENA-based start-ups attracted $ 1.03 billion in investment in 2020, an increase of 13 percent from 2019. The UAE received 56 percent of all investment regionally. The region’s startups typically received funding from friends and family to get started. An increase in the number and awareness of angel investors makes it easier for entrepreneurs to turn to them for funding. In August, Mena startups raised over $ 160 million across 44 deals, bringing the year’s total to $ 1.78 billion. A total of $ 83.6 million was raised by 14 startups in the UAE, helping the UAE maintain its top spot in the region.

AIM 2022 will provide companies, governments and civil society with an independent and future-oriented platform to strengthen their efforts to influence and facilitate interaction and impact between multiple stakeholders. The startup pillar will connect eager investors looking for new avenues and investment projects in a sustainable and innovative environment, as well as governments looking for startup projects to boost their economic growth.

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