Dubai PR Network, Online Press Release from Dubai and Middle East
 
Competition(Entertainment)
Filter PR by
  
Synx, Pand.ai, and AIMLedge named winners of startAD's Artificial Intelligence Venture Launchpad
 
Synx, Pand.ai, and AIMLedge named winners of startAD's Artificial Intelligence Venture Launchpad
  • Shortlisted startups showcased to investors and experts after being selected from more than 200 global applicants
  • The three AI startups were selected from 10 shortlisted finalists
Abu Dhabi, October 13, 2018:   startAD, the accelerator and entrepreneurship hub anchored at NYU Abu Dhabi and powered by Tamkeen, announced Synx, Pand.ai, and AIMLedge as the winning startups of its inaugural Artificial Intelligence (AI) Venture Launchpad. 
 
Synx, which uses a service that automates time-consuming machine learning processes, allowing data scientists and engineers to train, deploy, and run models at scale, was selected by both Etihad Aviation Group and UAE Exchange as the winning team. 
 
With its pitch, Synx received the Etihad Innovation Kickstarter Award, which will enable the startup to launch a paid proof of concept at the Etihad Innovate Lab. The Synx team will then present their solution to the Etihad Innovation Committee.
 
Digital and Innovation Director at Etihad Aviation Group Tristan Thomas said: “startAD is a strategic partner for us in our innovation journey and this is our second time taking part in the Venture Launchpad program. It has been an enriching journey so far. We value the opportunity to interact with seed stage startups who challenge us to look at our business problems with a new lens. We look forward to identifying partners who can present innovative solutions and opportunities to Etihad.”
 
Synx also won the UAE Exchange Innovation Award, which includes a cash prize of $10,000. 
 
Chief People Officer of UAE Exchange Greg Shuler said: “The visionary policies of the government and active enthusiasm of private organizations in the UAE have created a nurturing environment for innovation to thrive, enabling the UAE to emerge as the hub for innovation in MEA. As an organization which closely engages with the startup community, we are committed to supporting the startup ecosystem in the region with industry engagement support and corporate mentorship opportunities. We see our partnership with startAD as an initiative that opens new avenues for tomorrow’s leaders. I congratulate the participants and the winners of the 10-day rigorous accelerator program.” 
 
Meanwhile, ADNOC Distribution has backed both Pand.ai and AIMLedge to work on proof of concepts.
 
Pand.ai builds intelligent chatbots to help companies improve conversion rates of site visitors into customers. Serving a range of sectors, including finance and insurance, Panda.ai are able to realize a tenfold increase in conversions. 
 
AIMLedge, which was established earlier this year in Singapore, works to enable customers to easily develop and deploy customized deep learning solutions. The team specializes in analytics applications for edge devices, and can reduce development times by 80%. 
 
Vice Provost for Innovation and Entrepreneurship at NYU Abu Dhabi and the Managing Director of startAD Ramesh Jagannathan said: “Artificial Intelligence (AI) and Machine learning are propelling the growth of entrepreneurial digital economies around the world. Industrial sectors such as aviation, logistics, energy, and finance, which are Abu Dhabi’s strategic competencies, are leading this disruption. startAD and its AI Venture Launchpad program are bringing together cutting-edge global AI startups to scale with Abu Dhabi corporate leaders as well as the academic and entrepreneurship community, positioning the capital as an ecosystem that will lead this change.”
 
Held in partnership with Etihad Aviation Group, UAE Exchange, and ADNOC Distribution, the AI Venture Launchpad is a 10-day sprint accelerator that provides startups operating across a range of industries with the skills necessary to develop a scalable, repeatable, and commercially viable venture. Other participating startups will also have the opportunity to work on proof of concepts with startAD’s partners. 
 
The AI startups concentrate on disruptive technologies across a range of key sectors, including finance, insurance, regulation, airport operations, predictive maintenance, fuel efficiency, and data analytics. More than 200 startups from around the world applied for startAD’s AI Venture Launchpad, 10 of which were shortlisted and completed the 10-day training session. 
 
Since 2016, 80 startups from 15 countries have graduated from startAD’s Venture Launchpad program, raising more than $4 million in investments and grants. 


Posted by : Dubai PR Network Editorial Team
Viewed 9071 times
PR Category : Entertainment
Posted on : Saturday, October 13, 2018  3:14:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Innovative Solar House Prototype by Baitykool competes for p...
Next Story : Registration open for the 4th MITEF Saudi Startup Competitio...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Boss Bottled Oud Aromatic and Saffron: the New Enticing Fragrances [8204-Views]
Michael Kors Co-hosts the 10th Anniversary of the Annual Filmmakers Dinner [7350-Views]
Police Is the Official Eyewear in the Sony Pictures Film “Men in Blacktm: International” [6759-Views]
V-Circle / Logomania Edition & Greca Edition [6387-Views]
Longchamp & Kendall Jenner Celebrate the Launch of the Longchamp Lgp Collection at the Gal... [5948-Views]
Eberhard & Co. pays extravagant tribute to Alfa Romeo with Quadrifoglio Verde chronograph [5819-Views]
Travel Essentials Guide [5606-Views]
Salvatore Ferragamo Features Leather Sunglasses In the Spring/summer 2019 Advertising Cam... [4709-Views]
Crazy Diamonds – Tradition With a Twist [4551-Views]
Embrace the Spirit of the Holy Month of Ramadan at Yas Mall, The Mall at World Trade Cente... [4240-Views]
This Ramadan choose complete peace of mind with Al-Futtaim Toyota Pre-owned deals [4105-Views]
Pure Gold Jewellers launches Arabic calligraphy diamond pendants for Eid [3910-Views]
Marks & Spencer Unveils Its Chic Linen Summer Collection [3874-Views]
Over 114,000 benefitting now from Malabar Gold & Diamonds CSR Initiatives with Sajaa Iftar... [3831-Views]
A Contemporary Ode to Ancient Metallurgy [3623-Views]
Supreme Armenian Patriarch Hails UAE as Global Model of Peaceful Coexistence [3544-Views]
Etihad ESCO signs Contracts with Sharaf Electronics to retrofit 15,000 Light Fixtures [3514-Views]
Dubai Customs organizes first of its kind Suhur gathering for government female employees [3453-Views]
Western Furniture announces Best Buy sale during Ramadan [3416-Views]
Dubai Customs receives WCO executive and showcases best communication practices [3355-Views]
Mohammed bin Rashid Space Centre opens registration for 22nd IAA Humans in Space Symposiu... [3331-Views]
Dubai Smart City Accelerator Invites Applications for Third Cohort [3306-Views]
Celebrate Father's Day With TUMI [3288-Views]
STARZPLAY: Top ten picks for Ramadan 2019 [3288-Views]
Celebrate the spirit of Ramadan and Eid at home with Robinsons [3282-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories