Revealed: UAE start-ups shaping the Fourth Industrial Revolution in 2019
The World Economic Forum and Bahrain Economic Development Board, has selected 21 UAE entrepreneurs named as shaping the Fourth Industrial Revolution in 2019.
Amal Glass is a hardware device that enables the blind and visually impaired to go about their daily business. The glass has more than 20 functions, from simple functions like telling time and weather to more sophisticated functions like colour detection and GPS locating, as well as cool functions like optical character reader (OCR) in Arabic and English. Beehive P2P Limited is the UAE's first regulated peer-to-peer lending platform that connects creditworthy SMEs looking for investment with smart investors. BitOasis is the Middle East's first digital asset wallet that uses multi-signature technology to protect bitcoin digital assets. BulkWhiz is a bulk value e-commerce solution for consumers and small businesses, offered through a mobile app and website, with the goal of making grocery buying cheaper, faster and more convenient for households across the Middle East. Careem is an app-based, chauffeur-driven, car service currently operating in the UAE, Bahrain, Beirut, Cairo, Dammam, Dhahran, Doha, Jeddah, Karachi and Morocco. Careem is the leading technology platform for the greater Middle East and is the region’s only tech unicorn, operating in more than 120 cities across 15 countries with more than 3,500 colleagues and 1 million captains. Uber announced Careem’s acquisition on 25 March 2018 for $3.1 billion. Derq is a Massachusetts Institute of Technology spin-off with a mission to eliminate road accidents for conventional and autonomous vehicles using patented AI and connected-vehicle technology. This is a green- and agra-tech company with a patented innovation, Liquid NanoClay, to turn desert and dry land into fertile soil. The company’s vision and mission are: “Making Earth Green Again”; “Liquid NanoClay for the Earth’s Welfare”. eyewa is the largest eyewear e-commerce for the Middle East, offering colour and prescription contact lenses, sunglasses and eyeglasses. Fetchr is a tech company disrupting the traditional logistics sector through technology (GPS data). Fetchr is bringing the next generation of logistics to the Middle East and emerging markets. It is the first company in the Middle East to receive a Series A financing led by a top-tier Silicon Valley VC firm, New Enterprise Associates (NEA). Hydro Wind Energy systems harness the immense and consistent power in offshore altitude wind combined with the power of subsea oceanic pressure to provide reliable, low-cost, clean electrical energy, energy storage and fresh water. Lamsa, (which means “touch” in Arabic) is a state-of-the-art digital platform that delivers knowledge and literacy and allows child development in an interactive, perceptive and exciting manner to Arab-speaking children throughout their childhood journey. Melltoo is a free secondhand e-commerce platform for UAE residents to buy and sell used electronics, fashion, home and kids' items. Mumzworld is the Pioneer and leading e-commerce shopping destination for mothers in the MENA region. The #1 site for mother, baby and child services over 2.5 million mothers and is the largest vertical with over 250,000 authentic products of which 25,000 are exclusive. One Clique is an innovative solution created specifically for the SME community. A cloud based HR system, One Clique simplifies and streamlines HR automation for the small business owner whilst giving advanced features that are normally only available to larger corporations Sarwa combines innovative technology and human advice to make expert-level investing available to everyone. With a low account minimum and a low advisory fee, Sarwa aims to make investing easy, secure and affordable by offering customers a simple and cost-effective way to invest their earnings for long-term financial growth. The platform's algorithms and human advisers help Sarwa's clients open an account in minutes via facial recognition, track their goals via an easy and intuitive dashboard, and rebalance their portfolios when the market causes their investments to drift from their target. Souqalmal is the first and largest financial services aggregator in the MENA region. Souqalmal represents over 50 banks and 20 insurance companies in the UAE and Saudi Arabia. Souqalmal has completely changed the landscape of the insurance industry allowing customers for the first time to compare and purchase their insurance policy online, and insurance policies have started working with Souqalmal for their product development. Searchie is a talent-based platform that will cut down your time and cost to hire by 50%-80%. Searchie sources, validates, interviews, assesses candidates and gives the employer the Searchie top five matches. Tenderd is a heavy-equipment rental marketplace, serving the MENA construction industry. Its goal is to help contractors maintain a nimble balance sheet while increasing productivity. The Luxury Closet is an online boutique to buy and sell authentic new and pre-owned luxury designer and fashion goods. Wego Middle East is a platform for UAE residents to search and compare prices and availability for flights and hotels from both travel agents as well as airlines and hotels directly, together in one place. yallacompare.com is the leading finance comparison site in the Middle East, helping users to find and compare credit cards, personal loans, mortgages, car loans, insurance and bank accounts from a diverse range of local and international banks and financial institutions.