The inaugural Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) Entrepreneurship Courses concluded with 12 AI-based startup business plans presented at an on-campus event in Masdar City, with three startups being fast-tracked for financial grants from the university.
Jointly launched by MBZUAI’s Incubation and Entrepreneurship Center (MIEC) and startAD, the Abu Dhabi-based startup accelerator powered by Tamkeen and anchored at NYU Abu Dhabi, the program aims to boost the AI startup ecosystem in Abu Dhabi.
The top three pitches were named by a panel of expert judges, including 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.
The top three startup pitches selected are:
- Audiomatic provides automatic and emotionally intelligent audio production for video content, including customized scores, sound effects, and narrations.
- Limb an application providing accessible physiotherapy information such as exercise correction and pain management features
- Momzo is a complete AI assistant for women’s maternity to motherhood powered by generative AI.
“These are the first AI-focused entrepreneurship courses at the university and in the UAE, and comes on the eve of an expected AI startup boom led by generative AI,” MBZUAI’s Vice President of Public Affairs and Alumni Relations, Sultan Al Hajji, said. “The entrepreneurship courses actively encourage students to take advantage of the favourable entrepreneurial environment in Abu Dhabi and ignite the potential to transform their research and engineering know-how into a business. The startup pitches highlight specific-industry and application-use cases and have the potential to make a significant impact on society with their bold, sophisticated, and innovative concepts.”
Managing Director of startAD Ramesh Jagannathan said, “With the proliferation of artificial intelligence, for the first time in human history, technology is poised to help shine the cultural identities of individuals and societies across the world in an uncompromising way. Although AI and automation are increasingly important, they do not replace human skills, including resilience, empathy, negotiation, managing challenges, and a creative mindset. The MBZUAI IEC program immersed AI innovators in the exciting world of innovation and entrepreneurship, where they learned to apply business literacy heuristics to their ideas. According to an Accenture Report, AI will add $182 billion in annual gross value to the UAE’s economy by 2035. These startup projects demonstrate high potential and are poised to strengthen the UAE’s knowledge economy.”
