UK Royal the Duke of York attended a startup event for young university students at Khalifah University in Abu Dhabi on Monday.
During the event twelve young entrepreneurs pitched their business ideas to Prince Andrew as part of a two day boot camp to help develop budding businesses.
In an address the UK noble said that investing in young people starting and growing businesses is vital in order for a country to prosper.
“If a country is going to be prosperous they need to invest in a number of things, that are strategically important.”
“Young people’s skills and young people’s education. They are then going to have to invest in science and technology and engineering to take those skills and put them into effect.
“An economy survives through small and medium sized enterprises and those growing into bigger ones,” he said.
During the pitching competition an idea for a device for the blind that converts text into braille called Brailleye was presented by students.
While another team unveiled their business plan for Perceptyon, a drone mounted with cameras for the autonomous inspection of mega-structures in oil and gas, aviation and other industries.
Held in partnership with the Khalifah Foundation, the ‘Pitch at Palace’ event was founded by Duke of York to provide global entrepreneurs with a platform to accelerate and scaling early stage entrepreneurial businesses, their website said.
The event aims to help connect Emirati entrepreneurs develop with new markets such as the UK and find new partners and investors.
The Prince will attend the final pitches will be held at Emirates Palace on Wednesday, where the winners will go on to participate in the Pitch at the Palace event before The Queen in London on December 6.
The royal arrived in the UAE on Monday for a four day visit and will return to the UK on Thursday, according to a statement by the British Embassy in Abu Dhabi.
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