Dubai’s Axeed labs announces $272K launchpad for startups & SMEs

Dubai's Axeed labs announces $272K launchpad for startups & SMEs
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Dubai, UAE-based Axeed labs, a mobile application and software development firm, has launched a $272,000 SME and Startup Tech Launchpad campaign as a response to the global pandemic COVID-19 linked with the economic crisis and ahead of Ramadan 2020.

The campaign aims to create an opportunity for UAE-based startups and SMEs to continue and pace up their technological development.

At present, the SME sector accounts for over 94 percent of the total number of companies operating in the UAE – providing employment to over 86 percent of the private sector workforce, out of which, Dubai alone accounts for 42 percent of the workforce that contributes around 40 percent of the Dubai’s GDP.

Commenting on the launch of the campaign and sharing his vision, Chintan Sareen, the CEO of Axeed Labs in a press statement said,

“We are really excited to see who we can help in the tech space at a time when it’s truly needed. Axeed labs has a track record of designing and developing state of the art mobile and web-based applications using the most novel technologies for industries including; last mile delivery, logistics, healthcare, pet care, e-commerce, fashion, vehicle leasing, facility management, payment wallets, food and beverage and grocery delivery, so we are very confident we can support any requirements that come in.

Adding to which Chintan shared that the campaign is a catalyst to identify and invest into the hidden gems and ideas of the UAE’s startup and SME ecosystem.

“We’ve all been start-ups at some point in time and this is usually where you find the hidden gems when it comes to ideas and evolution. We want to hear from as many startups and SME’s as possible and encourage all who feel they could benefit from development support, investment or big company ideas, to contact us and tell us what is needed,”

The applicants for the Axeed Labs launchpad should have a B2B or B2C tech product; the product requires imminent development or maintenance; and the company should have been in business for at least six months.

The campaign will take place online via Axeed labs landing page. Startups and SMEs can simply visit the page and register themselves for the campaign. The selected participants will be contacted by Axeed Labs moving on.

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