Sharjah’s Advanced Industry Accelerator 2.0 (SAIA) has drawn more than 750 individual and company start-ups from around the world, including drones, according to a report in the Khaleej Times.
Organised by the Sharjah Research Technology and Innovation Park (SRTI Park), the second edition of the accelerator programme is line with Industry 4.0 and the UAE’s industrial strategy ‘Operation 300bn’, a 10-year comprehensive policy aimed at empowering and expanding the industrial sector to become the driving force of a sustainable national economy. The policy aims to achieve this by increasing its contribution to the GDP from the current Dh133 billion to Dh300 billion in 2031, according to the newspaper report.
SAIA 2.0 was launched in May with a total prize pool worth USD450,000. Eight start-ups will be selected to participate in the virtual accelerator and will benefit from local incubation support and venture scaling beyond the accelerator program. The most innovative winner start-up will win the grand prize worth USD100,000. Start-ups operating in Advanced Industries, Manufacturing Tech, Smart Cities, Sustainable Design, Construction Tech, Smart Materials, Drone and Robotics, as well as Artificial Intelligence applied to the SAIA programme, says the Khaleej Times.
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