In partnership -with “Education”, “Higher Technology” and a number of universities in the country
The Ministry of Economy honored the winners of the “SkillUp Compete” competition, which it launched in November 2021, in partnership with the Ministry of Education and Higher Colleges of Technology, with the participation of many universities in the country, and in cooperation with the MIT Enterprise Forum Pan Arab. The competition is part of the initiatives of the “SkillUp Academy”, which in turn represents one of the three main axes of the “House of Entrepreneurship” project.
This came during a ceremony held at the Ministry’s headquarters, in the presence of His Excellency Abdullah bin Touq Al Marri, Minister of Economy, which witnessed the honoring of 4 innovative commercial projects out of 78 projects submitted by more than 400 students from 35 universities in the UAE.
His Excellency Abdullah bin Touq said: “The conclusion of the competition represents a qualitative addition to empowering new entrepreneurs in the country, and attracting the best pioneering minds from among university students and recent graduates to the business community and economic activity on the ground, while providing the capabilities and incentives that contribute to the success and continuity of these projects. And in line with the goals and projects of the fifty, aimed at building a flexible and sustainable economic model based on innovation and led by national competencies.”
His Excellency stressed that the development of the entrepreneurship sector, the development of legislation and laws regulating its work and the incentives supporting it, and the empowerment of entrepreneurs in various strategic sectors, is a major direction for the United Arab Emirates, and the Ministry of Economy is working to achieve it through the “home of entrepreneurship”, in cooperation with various government agencies. concerned at the federal and local levels, and through a series of pioneering and growing partnerships with the private sector and academic and research institutions inside and outside the country.
His Excellency added that national efforts are continuing to prepare generations imbued with pioneering thought, hone their expertise and skills, provide them with the necessary tools, ensure sustainable solutions and opportunities for learning and development, provide an attractive business environment and a flexible and integrated legislative system that supports entrepreneurship.
The goal is always to create an entrepreneur who is able to establish and lead the best successful and qualified projects to become influential companies locally, regionally and globally, in a manner that enhances the UAE’s leadership in adopting innovative ideas and creating the appropriate environment for their success, which in turn will contribute to enhancing the attractiveness of the economic climate in the country and the sustainability of its global competitiveness.
The SkillUp Compete competition focused on creating a model entrepreneur in addition to developing the culture of entrepreneurship in the country, and motivating the younger generations to adopt pioneering ideas. The competition was designed according to these goals in order to attract the best and most creative students of higher education institutions to join the entrepreneurship system in the country. Facilitating their entry into the market and their contribution to the country’s economic growth.
The ideas of the winning projects in the competition were in line with the UAE’s vision for the future, in terms of its focus on innovation, knowledge and advanced technology applications.
The winners of the competition, in addition to the financial prize totaling 50,000 dirhams for each winner, received an integrated training program to develop and prosper their businesses, by a group of experts in cooperation with partner agencies, in addition to providing them with support in establishing and registering businesses.
For his part, Ayoub Gela, CEO of CellTiró Project, said: The SkillUp Compete is one of the effective initiatives that provide continuous support to startups. Dr. Abdullah Al-Shammari, Executive Director of the HCMS Project, said: “The experience we had in this competition was more than wonderful and full of challenges, especially since the competition witnessed the participation of distinguished contestants in the fields of advanced technology.”
Hyunbae Kim, CEO and founder of the 5MM project, confirmed that he was able to hone his skills and benefit from the diverse experiences offered by the competition, while Aishwarya Khalani, CEO and founder of the DECENODE project, said: “My favorite part of the competition was the invaluable knowledge. And the experiences we gained during the training workshops to help us lay the right foundations for our startups, this competition is a very important opportunity to set the right path for the budding entrepreneur