India is the third largest start-up incubator-aiming to become the number one through "Elevate"

Dubai: On Sunday, as many as 10 Indian startups promoted to top investors from the UAE and around the world on Dubai’s Elevate III platform. Successfully promoted startups will now contact investors to obtain funding to move forward.

A total of 18 startups participated in the Elevate III promotion conference organized by the India Pavilion at Expo 2020 and the Indian Consulate General.

Elevate started as a platform to showcase 500 startups from India in the Innovation Center outside the India Pavilion within five months. The plan is to showcase two startups every day, so that they can get the exposure they need during the growth phase. With the explosion of entrepreneurial interactions, the idea of ​​connecting them with B2B investors is also evolving. After that, a promotion meeting was organized, and the Innovation Center connected start-ups with potential investors, which triggered the first Elevate meeting.

Elevate I saw 10 startups from Karnataka and Kerala promoting their ideas to more than 15 investors, and Elevate II is an entrepreneurial activity focused on Telangana.

The next upgrade meeting will be held on December 7, when Indian unicorns will discuss how technology can promote the innovation and entrepreneurship ecosystem.

“In the course of these six months, we want to make sure to showcase the best of the 500+ 500 startups and add value to their plans,” an official said. "This may be by showing them and getting them exposed on the bus. It may be a promotion event, or it may be any other B2B event."

"This is an opportunity for them [startups] to articulate their vision. I think when we are investors, the most important thing for us is money, but I want to see someone clarify their vision and they have How enthusiastic, what they plan to do," said Dubai CEO Eugene Mayne-headquartered in Samsung Group, which handles the logistics needs of the energy industry.

He said: “On the one hand, we let people seek investment, and on the other hand, we let people try to tell us their stories. For me, the idea of ​​coming here is to be able to directly assess the degree of enthusiasm for that person because it is The ultimate goal of achieving success between success and failure."

"They don't need to wait 30 or 40 years to remain successful because they already have all the elements. They have some financial investors. They have a good story, and they have people who can guide them."

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