PAVING THE WAY FOR STARTUP SUCCESS AMIDST SHIFTING GLOBAL TRENDS
AIM Startup, a key initiative of AIM Congress, is set to serve as a focal point for startups to capitalize on insights from 2023 and the future trends which will shape the industry in 2024. With AIM Startup, visionary tech entrepreneurs can bridge gaps in resources and investments, empowering groundbreaking ideas to thrive. Attendees can expect 1-on-1 mentorship, opportunities to win up to $60,000, and connections with industry giants.
With the Startup ecosystem gaining momentum in the ongoing year, AIM Startup promises to bring investors and startups on the same platform to achieve economic harmony globally.
As per the Global Startup Ecosystem Report 2023 (GSER 2023), Silicon Valley retained its top position in the startup industry worldwide, followed closely by New York City and London. Notable shifts include Los Angeles and Tel Aviv climbing to number 4 and number 5, respectively, and the remarkable entry of Singapore into the top 10, soaring 10 places from the previous year’s rankings. Miami made a remarkable climb to number 23, advancing ten positions.
In contrast, major Chinese ecosystems experienced shifts, with Shenzhen dropping 12 places, Beijing slipping two spots, and Shanghai down by one. Indian ecosystems witnessed upward mobility, with Mumbai tied at number 31 and Bengaluru-Karnataka and Delhi ascending to number 20 and number 24, respectively. Zurich’s entry into the top 30 marks Europe’s most significant yearon-year improvement, reflecting the dynamic and evolving nature of the global startup ecosystem.
In 2023, investors showcased a discerning focus on diverse sectors, with Fintech leading at 14% of total investments, indicative of the surging demand for digitalization and innovation in financial services. Healthcare followed closely, constituting 13% of total investments, with a notable emphasis on digital healthcare and AI-based medical solutions. A heightened awareness of environmental concerns propelled investments in Climate Technology, representing 8% of the total, driven by sustainable technology and environmental protection initiatives. Consumer Goods attracted 7% of total investments, reflecting the evolving preferences and trends in consumer demands. The AI sector, with a staggering market value of $130 billion in 2023, anticipates a compelling Compound Annual Growth Rate (CAGR) of 37% from 2023 to 2030.
Meanwhile, The Tracxn ‘Geo Annual Report
UAE Tech 2023′ reveals a thriving tech startup landscape in the UAE, with total funding reaching $638 million in 2023. Focusing on different stages, seed-stage investments amounted to $223 million, early-stage funding secured $240 million, and late-stage funding stood at $175 million in 2023. Top-performing segments included Fintech, Environment Tech, and Blockchain Technology, raising $174 million, $168 million, and $167 million, respectively. Notably, Abu Dhabibased tech startups raised $54 million, showcasing the city’s growing significance in the tech ecosystem.
All these insights point towards an upward trajectory for startups in 2024, hence making AIM Startup one of the most important events for the investors, startups and partners to be a part of.
The AIM Congress, a flagship event of the AIM Global Foundation, and under the theme “Adapting to a Shifting Investment Landscape: Harnessing New Potentials for Global Economic Development,” is organized with the support of the UAE Ministry of Industry and Advanced Technology and with the Abu Dhabi Department of Economic Development as lead partner. The event will be held from May 7-9, 2024, in Abu Dhabi, and is expected to attract a diverse audience, including government entities, private businesses, international and regional civil society organizations, associations, and academic institutions from around the world.
Famous Chinese Singer Jeff Chang Honored as AIM Culture Friendship Ambassador in Duba
Renowned Chinese pop singer, Jeff Chang, was conferred with the prestigious AIM Culture Friendship Ambassadorship in Dubai, UAE. The singer was nominated by Dawood Al Shezawi, the esteemed President of the AIM Global Foundation and the AIM Congress, during Award Ceremony held on February 18, 2024. Walid Farghal, The Director General of AIM Congress participated in the event as well.
It is a tremendous honor to be recognized as a cultural ambassador by the AIM Global Foundation. I am deeply humbled by this prestigious honor, and I remain committed to using my music as a catalyst for fostering understanding, unity, and mutual respect across cultures.
Jeff Chang Singer
The AIM Culture Friendship Ambassador in an individual who has made significant contributions to fostering cultural exchange, promoting understanding, and enriching global communities through their artistic endeavors. Jeff Chang’s illustrious career, marked by his chart-topping sentimental Mandarin pop ballads and his tireless philanthropic efforts, embodies the spirit of cultural diplomacy and social responsibility.
Jeff Chang expressed his gratitude for receiving the AIM Culture Ambassador Award, stating: “It is a tremendous honor to be recognized as a cultural ambassador by the AIM Global Foundation. I am deeply humbled by this prestigious honor, and I remain committed to using my music as a catalyst for fostering understanding, unity, and mutual respect across cultures.”
During the award ceremony, Mariam Gao, the China Country Director of AIM Congress, presented Jeff Chang with the book “My Vision,” authored by the UAE Prime Minister, Vice President, and the Ruler of Dubai H.H. Sheikh Mohammed Bin Rashid Al Maktoum. This book aims to provide Mr. Jeff with insights into Arab leadership and country development.
In addition to the book, Ms. Mariam also carefully selected two paintings by local Arab artist Ahmed Ismail: “Calligraphy Tanoura Man” and “Red Camel,” both showcasing intricate Arab calligraphy. She emphasized the importance of cultural exchange with the voice of love, quoting a poem by Rumi.
This gesture aimed to enrich Jeff’s understanding of Arab culture and heritage, fostering a deeper appreciation for the artistic and literary contributions of the region.
Jeff Chang’s artistic prowess and cultural resonance have garnered widespread acclaim, earning him numerous accolades throughout his illustrious career. Notable among his achievements are his victories at the Taiwan Golden Melody Awards, the Huading Awards in China, and the Singapore Hit Awards, among others.
With a discography spanning over 32 albums and EPs, Jeff Chang has continually captivated audiences with his soulful performances and meaningful lyrics, establishing himself as a prominent figure in the global music scene.
The AIM Culture Friendship Ambassadorship serves as a testament to Jeff Chang’s outstanding contributions to the world of music and his unwavering commitment to fostering cultural understanding and social impact. His influence transcends borders, bringing people together through the universal language of music.
The AIM Global Foundation, under the visionary leadership of Dawood Al Shezawi, remains steadfast in its mission to unite the world for a positive economic, environmental, and social impact. Through initiatives like the AIM Congress, the foundation continues to empower businesses, entrepreneurs, and investors, driving economic growth and fostering international cooperation.
The 2024 AIM Congress, scheduled to take place in Abu Dhabi from May 7-9, 2024, is an integral part of the AIM Global Foundation’s initiatives, and serves as a premier platform for investment, innovation, and collaboration. With its theme for 2024, “Adapting to a Shifting Investment Landscape: Harnessing New Potential for Global Economic Development,” the congress remains committed to addressing the evolving challenges and opportunities in the global investment landscape.
