Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) Inaugural Entrepreneurship Courses Conclude with Pitching Event
AI Startups Unveiled
In a captivating on-campus event held in Masdar City, the inaugural Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) Entrepreneurship Courses culminated with the unveiling of twelve AI-driven startup business plans. These meticulously crafted pitches showcased the innovative spirit and entrepreneurial drive of the participants, marking a significant milestone in fostering Abu Dhabi’s AI startup ecosystem.
Collaborative Initiative
This program, a collaborative effort between MBZUAI’s Incubation and Entrepreneurship Center (MIEC) and startAD, the Abu Dhabi-based startup accelerator backed by Tamkeen and anchored at NYU Abu Dhabi, aims to propel the development of AI-focused startups in the region. Harnessing the potential of artificial intelligence to address real-world challenges and drive economic growth is at the core of this initiative.
Expert Panel Evaluation
A distinguished panel of expert judges meticulously assessed the startup pitches, bringing diverse perspectives and expertise to the evaluation process. The panel comprised notable figures such as Jean-Luc Scherer, business incubation expert and advisor at Sandooq Al Watan; Mariam Al Badr, director of outreach at Khalifa Fund; Dr. Ramzi Ben Ouaghrem, director of research development and engagement at MBZUAI; Michael Huang, acting director of strategy and IEQA at MBZUAI; and Selim Tira, investment representative at Shorooq Partners.
Top Three Pitches
After careful deliberation, the judges selected three exceptional startups for recognition and potential financial support from MBZUAI. The top three pitches, representing diverse applications of AI, stood out for their originality, feasibility, and potential impact:
1. Audiomatic
Audiomatic, an innovative startup, offers automated and emotionally intelligent audio production for video content. Its comprehensive suite of services encompasses customized scores, sound effects, and narrations, enabling content creators to elevate their productions with captivating audio experiences.
2. Limb
Limb, a groundbreaking application, provides accessible physiotherapy information to empower individuals in their rehabilitation journey. Its features include exercise correction, pain management guidance, and personalized progress tracking, offering a comprehensive solution for individuals seeking effective and convenient physiotherapy support.
3. Momzo
Momzo, a comprehensive AI assistant, caters to women’s needs throughout their maternity and motherhood journey. Powered by generative AI, Momzo offers personalized support, guidance, and resources, empowering women to navigate the complexities of pregnancy, childbirth, and early parenting with confidence and ease.
Fostering an Entrepreneurial Ecosystem
Sultan Al Hajji, MBZUAI’s Vice President of Public Affairs and Alumni Relations, emphasized the significance of the entrepreneurship courses and the potential of AI-driven startups to revolutionize industries and drive economic growth. He highlighted the university’s commitment to fostering an entrepreneurial environment that encourages students to translate their research and engineering expertise into tangible business ventures.
Harnessing AI’s Transformative Power
Ramesh Jagannathan, Managing Director of startAD, spoke about the transformative potential of artificial intelligence in shaping cultural identities and enhancing human capabilities. He stressed the importance of integrating resilience, empathy, and creativity into the development of AI-powered solutions. The MBZUAI IEC program, he noted, provides a platform for AI innovators to delve into the world of entrepreneurship and acquire the necessary skills to turn their ideas into successful businesses.
AI’s Economic Impact
Jagannathan cited an Accenture Report that projects AI’s significant contribution to the UAE’s economy, estimating an annual gross value addition of $182 billion by 2035. The high potential of the startup projects presented at the event underscores their potential to strengthen the UAE’s knowledge economy and drive innovation-led growth.
Conclusion
The Mohamed bin Zayed University of Artificial Intelligence’s inaugural Entrepreneurship Courses concluded with a resounding success, showcasing the immense potential of AI-driven startups to address real-world challenges and drive economic growth. The three top-ranked startups, Audiomatic, Limb, and Momzo, exemplify the innovative spirit and entrepreneurial drive of the participants. With the support of MBZUAI and startAD, these startups are poised to make a significant impact on their respective industries and contribute to the advancement of the AI ecosystem in Abu Dhabi and beyond.