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Kerala Startups Gain Rs.130 Crore Business in Dubai GITEX Expo

In Business
October 15, 2022

Startups supported by Kerala Startup Mission (KSUM) that participated in the just-concluded GITEX Global 2022 in Dubai have netted business worth Rs 130 crore, reflecting the prowess and potential of the state’s startup ecosystem.

A delegation comprising 40 startups from KSUM participated in the four-day event held at Zabeel Hall of Dubai World Trade Centre, which concluded on Friday.

World’s largest startup event, GITEX Global sets a global stage for startups to explore business and investment opportunities by showcasing innovative products, technology skills and sustainable ideas. Apart from the participating startups, 30 more startups were granted permission from KSUM to visit GITEX.

This edition of GITEX Global featured the highest-ever contingent of KSUM-supported startups from various sectors including Edutech, cybersecurity, enterprise tech, agri tech, IoT (Internet of Things), media tech, health tech, fintech, insurance tech and consumer tech.

The KSUM delegation also attended the ‘India Startups Confluence 2022’ that connected Indian startups to startups from UAE and the Middle East-based larger ecosystem stakeholders. KSUM was the presenting partner for this event.

“Startups from Kerala received a big response from the NRI community and investors at GITEX Expo. In future, KSUM will support the efforts of Kerala startups to set up their offices and establish a strong relationship with UAE”, KSUM CEO Anoop Ambika said.

KSUM will ensure similar participation in the coming editions of GITEX as well, he added.

Since 2018, as part of international exposure or market access programmes, KSUM has been taking startups from Kerala to GITEX.

Lauding the efforts of KSUM, UAE Consul General Dr Aman Puri said, the time-tested cordial relationship between Kerala and the Middle East has paved the way for a delegation with such a huge participation.

KSUM delegation will visit Sharjah Research Technology and Innovation Park and interact with their peers, before returning home.

KSUM is the nodal agency for entrepreneurship development and incubation activities in the state.