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Hamdan bin Mohammed launches Ignyte, a DIFC-curated digital platform set to accelerate over 100,000 start-ups and entrepreneurs toward global growth

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  • Ignyte is a key initiative under the Dubai Digital Economy Strategy, designed to drive exponential growth of start-ups across industries
  • The DIFC-curated platform provides start-ups with the tools to scale faster and more effectively, making it the ultimate growth hub for the region
  • Ignyte connects start-ups and founders with investors, mentors, corporate organisations and governments entities.
  • Ignyte aims to become the go-to platform for 100,000 start-ups and entrepreneurs, connecting them with 5,000 VCs and Angel Investors, 5,000 mentors and experts, and 500 corporate and government partners
  • The platform will also feature 5,000 exclusive perks and offers on its Marketplace, delivering total savings of over USD 100mn.
  • Ignyte will also offer digital competitions for start-ups and entrepreneurs through “Ignyte Challenges”

Dubai, UAE, 24th October 2024, ZEX PR WIREHis Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence, Chairman of Dubai Executive Council, and Chairman of the Higher Committee for Future Technology and Digital Economy, today announced the launch of Ignyte, a dynamic digital platform designed to empower the next generation of start-ups and entrepreneurs on their journey toward global growth.

Curated by Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region, Ignyte is set to become a cornerstone of the Dubai Digital Economy Strategy, empowering over 100,000 start-ups and entrepreneurs. As part of Dubai’s ambition to become a global epicentre for entrepreneurship, the platform connects founders with a global network of investors, mentors, corporate organisations, and government entities, creating a comprehensive growth ecosystem.

To maximise the benefits for start-ups joining the platform, Ignyte aims to significantly expand its offerings by attracting 5,000 VCs and investors, 5,000 vetted mentors and experts, over 500 corporate and government partners, and 5,000 exclusive perks. These perks will collectively help start-ups save more than USD 100mn.

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His Excellency Essa Kazim, Governor of DIFC, said: “Ignyte represents a significant step forward in Dubai’s digital economy mandate and aligns with a core pillar of DIFC’s Strategy 2030, which is centred around enabling companies to grow faster than the market by focusing on innovation. By providing a global platform for start-ups to connect, innovate, and grow, DIFC is reinforcing Dubai’s position as a leading hub for entrepreneurship and technological advancement.”

Arif Amiri, Chief Executive Officer of DIFC Authority and member of the Dubai Higher Committee for Future Technology and Digital Economy said: “DIFC continues to advance Dubai’s reputation as a global leader for technology and innovation. Ignyte is the latest initiative that demonstrates our unwavering commitment to Dubai’s Digital Economy Strategy which aims double the contribution of the digital economy by 2032. Through Ignyte we will enable start-ups to contribute more to our economy and empower them to play a more significant role in a digitally-driven society.”

Ignyte empowers start-ups and founders at every stage of their growth journey, from initial development to global expansion. By providing access to experienced mentors and industry experts who have navigated similar challenges, entrepreneurs can gain invaluable guidance. Through the platform, start-ups can also connect with potential investors, participate in networking events, and tap into exclusive offers that provide significant cost savings. Ignyte bridges the gap between entrepreneurs and key stakeholders, including corporate organisations and government entities, creating opportunities for collaboration and innovation.

Ignyte also features a growing marketplace that offers exclusive perks and deals tailored for start-ups, ranging from productivity tools, cloud credits to CRMs and services. With plans to expand this selection to 5,000, the AI-powered marketplace provides personalised recommendations, helping start-ups find offers that are not available elsewhere. Additionally, it connects vendors with the start-up community, opening doors to new opportunities in an untapped market.

Additionally, the platform also introduces Ignyte Challenges, a competitive space for data scientists, AI enthusiasts, and innovators to showcase their skills. Ignyte Challenges will feature competitions in cutting-edge sectors such as AI, machine learning, and advanced technology, providing participants with opportunities to collaborate globally. Participants will have the opportunity to engage in AI challenges, with prizes awarded to top performers.

Additionally, investors who are on Ignyte can receive direct pitches from start-ups, enabling them to discover opportunities aligned with their investment criteria. By facilitating community engagement and event participation, the platform connects investors with mentors, entrepreneurs, and corporate leaders, addressing networking barriers and streamlining due diligence processes. This creates a vibrant ecosystem where both investors and start-ups can thrive, bridging gaps in funding and identifying innovative solutions.

Ignyte’s event feature is open to all community members, enabling start-ups to promote their own events and invite both the Ignyte community as well as the public. Members can organise their own events, while also viewing and attending events hosted by others.

Dubai’s strategic focus on encouraging innovation, advancing technology development, and digital transformation has given entrepreneurs and start-ups a solid foundation to thrive. Dubai was ranked second for ecosystem value within the Middle East and North Africa region and fifth among top 10 emerging ecosystems by early-stage funding amount in the Global Start-up Ecosystem Report 2024. The Emirate achieved a perfect score of 10 in funding, reflecting its robust early-stage funding and investor activity, and five unicorns. Well-developed infrastructure, broadening connectivity, and cultural diversity the emirate has enriched the start-up ecosystem.

Start-ups can register for Ignyte now at: Ignyte.ae

About Dubai International Financial Centre

Dubai International Financial Centre (DIFC) is one of the world’s most advanced financial centres, and the leading financial hub for the Middle East, Africa, and South Asia (MEASA), which comprises 77 countries with an approximate population of 3.7bn and an estimated GDP of USD 10.5trn.

With a 20-year track record of facilitating trade and investment flows across the MEASA region, the Centre connects these fast-growing markets with the economies of Asia, Europe, and the Americas through Dubai. 

DIFC is home to an internationally recognised, independent regulator and a proven judicial system with an English common law framework, as well as the region’s largest financial ecosystem of 43,800 professionals working across over 6,150 active registered companies – making up the largest and most diverse pool of industry talent in the region. 

The Centre’s vision is to drive the future of finance through cutting-edge technology, innovation, and partnerships. Today, it is the global future of finance and innovation hub offering one of the region’s most comprehensive FinTech and venture capital environments, including cost-effective licensing solutions, fit-for-purpose regulation, innovative accelerator programmes, and funding for growth-stage start-ups.  

Comprising a variety of world-renowned retail and dining venues, a dynamic art and culture scene, residential apartments, hotels and public spaces, DIFC continues to be one of Dubai’s most sought-after business and lifestyle destinations. 

For further information, please visit our website: difc.ae, or follow us on LinkedIn and X @DIFC. 

For media enquiries, please contact: 

Nivine William | Nisha Celina

Burson | bursonglobal.com

nivine.william@bursonglobal.com | nisha.celina@bursonglobal.com

Rasha Mezher | Dubai International Financial Centre Authority  

Manager, Marketing & Corporate Communications

+9714 3622451

Rasha.Mezher@difc.ae

Hussain AlZaabi | Dubai International Financial Centre Authority

Manager, DIFC Innovation Hub

hussain.alzaabi@difc.ae

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Press Release

New World Asset Management Ltd NWAM and AlgoDynamix reach a comprehensive strategic cooperation Leading the new era of intelligent risk management

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In the ever-changing global financial market, investors have an increasing demand for accurate market insights and intelligent risk management. Market volatility, emergencies and global economic uncertainty have brought unprecedented challenges to investors. However, in the face of these changes, New World Asset Management (NWAM) and AlgoDynamix have joined forces to provide global investors with forward-looking market risk management solutions to help them remain invincible in market fluctuations.

United States, 24th Oct 2024 – In the ever-changing global financial market, investors have an increasing demand for accurate market insights and intelligent risk management. Market volatility, emergencies and global economic uncertainty have brought unprecedented challenges to investors. However, in the face of these changes, New World Asset Management (NWAM) and AlgoDynamix have joined forces to provide global investors with forward-looking market risk management solutions to help them remain invincible in market fluctuations.

As a leading global risk analysis company, AlgoDynamix relies on its unique AI and big data analysis technology to focus on predicting market volatility and risk management. The market volatility prediction tools provided by AlgoDynamix have been widely used in many financial institutions around the world, helping investors to make plans before market fluctuations. Its innovative risk prediction system allows investors to adjust their strategies in time when the market fluctuates violently to avoid potential losses.  In November 2023 , NWAM and AlgoDynamix officially launched strategic cooperation negotiations. The two parties quickly determined the cooperation framework and decided to integrate AlgoDynamix’s market risk prediction model with NWAM’s AI quantitative trading platform. This integration will not only greatly enhance NWAM’s market analysis capabilities, but also provide its users with intelligent market volatility early warning functions.

In early 2024, the two parties successfully completed the integration of market data and risk prediction tools, and officially released the AI-driven market volatility early warning system on the NWAM platform. The system can monitor market dynamics in real time, capture potential risk signals, and provide users with instant risk warnings. With this technology, NWAM users can quickly respond to market changes and adjust investment strategies to achieve more stable wealth growth.  One of the important results of this cooperation is the launch of an intelligent risk management system. Through this system, NWAM users can not only obtain accurate market volatility forecasts, but also use intelligent tools for personalized risk management. Whether it is large institutional investors or individual investors, the NWAM platform will help them make smarter decisions amid market uncertainty.  Commenting on the partnership, NWAM CEO said: “We have always believed that the future of financial markets belongs to those companies that can fully leverage smart technology. AlgoDynamix’s technology fits seamlessly with our AI quantitative trading platform, providing our users with powerful risk management tools. This partnership marks a key step forward in our journey towards smart investment management.”

The founder of AlgoDynamix is also looking forward to the cooperation: “NWAM’s leading technology in digital asset management and AI trading perfectly complements our expertise in predicting market volatility. We firmly believe that through this cooperation, global investors will be able to better protect their assets during market turmoil and achieve steady wealth appreciation.”  This cooperation not only promotes the advancement of intelligent risk management technology, but also opens a new chapter in safer and more reliable wealth management for global investors. Through its cooperation with AlgoDynamix, NWAM will significantly enhance its capabilities in market analysis and risk management. The AI-driven market fluctuation early warning system and intelligent risk management functions not only improve the platform’s market response capabilities, but also bring more security to investors. In an increasingly complex global market, improving risk management capabilities is undoubtedly an important cornerstone for investors to make steady profits.

Media Contact

Organization: New World Asset Management Ltd

Contact Person: Don Adam Perera

Website: https://newworldeco.com

Email: Send Email

Country: United States

Release Id: 24102418963

The post New World Asset Management Ltd NWAM and AlgoDynamix reach a comprehensive strategic cooperation Leading the new era of intelligent risk management appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

Eagle Crest Asset Management and Its AI Ambitions A Global Expansion

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United States, 24th Oct 2024 – Since its founding in 2019, Eagle Crest Asset Management has been steadfast in its commitment to providing long-term value to clients through professional investment management and meticulous risk control strategies. With a client-first approach, the firm has built a strong reputation for its innovative solutions and personalized investment strategies, which are designed to meet the unique financial goals of each client. As the company evolves, it is turning its focus towards a new frontier: artificial intelligence (AI).

Eagle Crest’s Growing Focus on AI

In today’s rapidly changing financial landscape, technology and AI are becoming critical components in shaping the future of asset management. Recognizing this trend, Eagle Crest has identified the AI industry as a key area for future growth and investment. The firm plans to intensify its research and development efforts in AI, aiming to discover and invest in promising AI startups and enterprises that show potential for long-term success.

By leveraging cutting-edge AI technologies, Eagle Crest intends to enhance its investment strategies, enabling more sophisticated portfolio management and improving predictive analytics for better market forecasting. The firm is particularly focused on identifying companies at the forefront of AI innovation, those developing groundbreaking applications across industries such as healthcare, robotics, autonomous systems, and big data analytics.

Strategic Global Expansion

To support its ambitious AI focus, Eagle Crest Asset Management is expanding its global footprint. Over the next few years, the company plans to establish offices in dozens of regions worldwide. This global expansion will provide the firm with a more diverse and extensive network, allowing it to tap into local AI ecosystems and identify promising investment opportunities in key markets.

By setting up operations in major innovation hubs, including North America, Europe, Asia, and the Middle East, Eagle Crest aims to build strong partnerships with local AI companies, researchers, and innovators. These offices will also serve as research centers, helping the company stay ahead of emerging trends and technological advancements in AI. This global presence will not only enhance Eagle Crest’s access to high-potential AI startups but will also allow the firm to support them through funding, mentorship, and strategic partnerships.

A Vision for the Future

Founder Ridel Bosco Castillo has always been a visionary leader, driving Eagle Crest’s growth and innovation. With this new focus on AI, Castillo sees tremendous opportunities to shape the future of asset management by integrating advanced technologies into the investment process. He believes that by fostering AI innovation, Eagle Crest can generate superior returns for its clients while also contributing to the advancement of AI industries worldwide.

As Eagle Crest Asset Management continues to evolve, its AI-driven strategies and global expansion will position the firm as a leader in both the financial and technology sectors. The company’s commitment to finding and investing in the best AI enterprises, combined with its robust network of global offices, will enable it to stay at the forefront of the industry, offering clients access to cutting-edge investment opportunities and solutions.

In the coming years, Eagle Crest aims to become a key player in the AI space, bridging the gap between finance and technology while delivering unparalleled value to its clients. This strategic move marks the beginning of a new chapter for the firm, one where AI and global innovation will drive its future success.

Media Contact

Organization: Eagle Crest Asset Management

Contact Person: Ridel Bosco Castillo

Website: https://ecamai.com/

Email: Send Email

Country: United States

Release Id: 24102418964

Disclaimer: Investments in artificial intelligence (AI) and related technologies are subject to significant risks, including technological challenges, market volatility, and unpredictable regulatory environments. Clients and prospective investors should perform their own due diligence and consider their financial goals, risk tolerance, and consult with financial advisors before making investment decisions. All information provided is for informational purposes only and should not be construed as financial advice.

The post Eagle Crest Asset Management and Its AI Ambitions A Global Expansion appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Press Release

EMEET Recognized with Multiple Prestigious Awards for EMEET AirFlow and EMEET Meeting Capsule Pro Room Kit

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China, 24th Oct 2024 – EMEET, a leader in AI-driven audio and video communication solutions, recently received prestigious recognition for its innovative products. The EMEET AirFlow Open-Ear Headphones have been honored with Japan’s G-Mark Design Award and earned Zoom certification. Additionally, the EMEET Meeting Capsule Pro Room Kit has won the prestigious IDEA Award.

Award Highlights

The G-Mark Design Award, also known as the Good Design Award, is a significant accolade in Japan, recognizing outstanding design and innovation. Being Zoom certified underscores EMEET’s commitment to providing superior audio and video experiences that meet industry standards.

The IDEA (International Design Excellence Awards) is one of the premier awards in the field of industrial design. Winning this award stands as a testament to EMEET’s relentless pursuit of groundbreaking and user-friendly products.

Award-Winning Product Overview

EMEET AirFlow

EMEET AirFlow Open-Ear Headphones combine cutting-edge technology with elegant design, providing users with an exceptional auditory experience that ensures situational awareness and comfort. With the detachable microphone design, the EMEET AirFlow is not only a ideal choice for daily entertainment, but also an office essential for professionals.

The recognition by G-Mark and Zoom certification highlights its excellence in both design and functionality.

EMEET Meeting Capsule Pro Room Kit

The EMEET Meeting Capsule Pro Room Kit combines a camera, speaker, and microphone into one sleek device, eliminating the need for multiple pieces of equipment and simplifying the setup process. This all-in-one design ensures a seamless meeting experience in one compact package.

Winning the IDEA Award showcases EMEET’s dedication to creating products that blend advanced technology with user-centric design.

About EMEET

EMEET values the contributions of every individual in meetings and knows that everyone should be heard and seen. Established in August 2016, with the mission of “better communication, better world”, EMEET endeavored to create an intelligent mobile collaboration space. Today, EMEET is a prominent global company, specializing in R&D, production, and sales of AI-driven intelligent audio and video communication products.

The Zoom-Certified AirFlow will be available in December, 2024.

Media Contact

Organization: EMEET TECHNOLOGY CO., LTD

Contact Person: Amy Lyu

Website: https://emeet.com/

Email: Send Email

Country: China

Release Id: 24102418947

The post EMEET Recognized with Multiple Prestigious Awards for EMEET AirFlow and EMEET Meeting Capsule Pro Room Kit appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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