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Mid East Info
2 days ago
- Business
- Mid East Info
Middle East startups gain global ground with original tech solutions - Middle East Business News and Information
Tech investor, entrepreneur Abdumalik Mirakhmedov says 'Made in MENA' is becoming a world-class brand Dubai, UAE, 6th August, 2025: Middle East tech startups are attracting global attention, showing the region is capable of setting trends instead of just following them, with the UAE proving to be a key launchpad for success. With homegrown innovations addressing real-world challenges, founders are scaling rapidly and attracting serious investment, and Dubai-based entrepreneur and tech investor, Abdumalik Mirakhmedov believes there is much more to come. Mirakhmedov has seen startups like Seez, InstaDeep, and Dake Rechsand redefine what 'Made in MENA' means, with original, scalable solutions that now compete on the world stage, and he says many more success stories will follow. 'The most exciting new tech is no longer exclusive to Silicon Valley,' says Mirakhmedov, Director and co-founder of Scalo Technologies, the UAE tech venture company. 'Startups in this region are attracting investors and global partners with smart, scalable solutions to urgent problems. 'Made in MENA' no longer means just copying something else. It now stands for original products built to meet real needs in tough markets, with plans to grow beyond from the start.' Mirakhmedov says the UAE is now one of the safest and most welcoming places for startups, thanks to government efforts that created a strong, business-friendly environment for founders who have reaped the benefits. Among the standout performers has been Dubai-based autotech startup Seez. It began with an app that could identify any car from a single photo, gaining nearly three million users quickly, before shifting its focus to address broader industry challenges. Seez now offers software solutions to car dealerships and manufacturers to enhance customer experience and boost sales. The company has expanded into 16 markets, from Mexico to Australia, providing a full AI- and machine learning-powered SaaS platform built on its own technology. Earlier this year, UK-based Pinewood Technologies acquired Seez for $46.2 million. 'This shows that homegrown tech from the region can effectively reach underserved markets and do so faster than many international competitors,' says Mirakhmedov. 'This is happening more often now. Startups across MENA are focused on solving persistent problems and creating products built from the ground up, many of which can succeed beyond the region.' Another strong example is Dubai-based Dake Rechsand, which helps grow crops in deserts and save water. The company made a sand-based material that helps desert soil hold water, so rain can be saved and dry land turned into farmland. The company has expanded from the UAE into the USA, India, China, and South Africa. Says Mirakhmedov: 'This shows how MENA tech companies can make a real difference globally by solving important problems with well-designed solutions, instead of just chasing growth.' Ends
Yahoo
21-05-2025
- Business
- Yahoo
BioNTech to invest up to $1.34bn in UK R&D
BioNTech has made a grant agreement with the UK government to expand its research and development (R&D) activities for medicines, committing an investment of up to £1bn ($1.34bn) up to 2034. This will be backed by a government grant of up to £129m ($172m). The grant is a strategic move by the government to bolster its life sciences industry, supporting the companies to unlock advances in the field. Built upon a multi-year partnership with the UK government, initiated in January 2023, this agreement expedites trials of BioNTech's oncology pipeline product candidates. It also focuses on widening the company's R&D presence and researching into areas such as regenerative medicine, infectious disease vaccines and structural biology. BioNTech plans to set up two new R&D centres, with the first in Cambridge and the second at the planning phase. The Cambridge centre will concentrate on oncology, structural biology, regenerative medicine and genomics, and will house more than 90 scientists. The company is also setting up its UK headquarters in London, which will create new employment opportunities and host its AI hub spearheaded by subsidiary InstaDeep. InstaDeep is a technology company focusing on machine learning and AI. The AI Hub is crucial to BioNTech's research, enhancing AI-driven medical research. These initiatives align with the company's worldwide strategy to develop cancer immunotherapies and bring several treatments to market by 2030. BioNTech co-founder and CEO Uğur Şahin stated: 'This agreement marks the next chapter of our successful strategic partnership with the UK government. Together, we have already made a meaningful difference in expanding access to investigational personalised cancer therapies for patients. 'Now, we are taking the next step to accelerate and broaden our research and development efforts, advancing towards our vision to translate science into survival for patients.' In July 2024, the UK's Medicines and Healthcare products Regulatory Agency (MHRA) authorised Pfizer-BioNTech's adapted Comirnaty vaccine for the JN.1 Covid-19 subvariant. "BioNTech to invest up to $1.34bn in UK R&D" was originally created and published by Pharmaceutical Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Wamda
18-02-2025
- Business
- Wamda
Tunisia's Dabchy secures pre-Series A to bolster expansion plans
Tunisia-based P2P fashion marketplace Dabchy has raised a pre-Series A funding round led by Janngo Capital and angel investors for an undisclosed value. Founded in 2016 by Ameni Mansouri, Ghazi Ketata and Oussama Mahjoub, Dabchy is an e-commerce marketplace for second-hand fashion. The startup plans to use the investment to expand into new markets, including Egypt, broaden its product offerings, and enhance its platform for a growing user base. Dabchy, an e-commerce marketplace for second-hand fashion, has secured a pre-Series A funding round led by Janngo Capital and angel investors, including Karim Beguir, founder of InstaDeep. The startup plans to use the investment to expand into new markets, broaden its product offerings, and enhance its platform for a growing user base. Founded in 2016 by Ameni Mansouri, Ghazi Ketata, and Oussama Mahjoub, Dabchy connects buyers and sellers through an integrated delivery and payment system, making second-hand fashion more accessible. Fatoumata Bâ, founder and executive chair of Janngo Capital, emphasised the importance of this investment in strengthening Dabchy's position in Tunisia's circular economy while accelerating its growth into Egypt and beyond. CEO and co-founder Ameni Mansouri highlighted that the funding will support the company's growth efforts, improve user experience, and extend its reach across North Africa and the Middle East.
