Indian Startup bags Best Startup Award at Dubai’s Biggest Startup Investment Fest AIM Startup Summit

An Indian Startup “Aviotron Automations” has bagged the best startup award at the Annual Investment Meeting in Dubai. Annual Investment Meeting is the premier investment conference organized by the UAE Ministry of Economy. The UAE Government began organizing AIM Startup Summit as a parallel platform alongside the AIM congress to promote international co-operation, investment and knowledge sharing for startups.

Headquartered in Jaipur, Rajasthan, Aviotron Automations is a aero-modelling kit manufacturer and offers custom made pre-cutted aero model kits

This event was the final international stage of the startup pitch competition held by AIM Startup. These startups pitching here were the final winners of the national pitch competition organized in multiple countries.

Neera Inamdar, VP at GREX says “We are delighted to see one of our companies as one of the category winners and I congratulate Aviotron for this recognition. Aviotron will also get an invite to participate in the forthcoming Global Investment in Aviation Summit as a special invitee. This was the first year that we organized AIM pitches in India, and I am happy with what we could do for our startups.”

Aviotron received this recognition along with a cash prize of USD 10K. Vaishnav, co-founder of Aviotron says,” AIM Startup turned out an exciting event for us. We received good investor interest as well as managed to get some business deals. This can very well become our launchpad for further expansion in multiple geographies. We went through multiple qualifying rounds in India organized by GREX and they also provided required support at all the levels. Such initiatives are helping the startups in India accessing global ecosystem."



Founded in 2017, Aviotron Automations has a mission to inspire intellects towards the field of Aeromodelling, 3D Printing and CAD/CAM/CAE. The company specializes in providing Training workshop to educational institution, Corporate training, In house courses and Engineering outsourcing. They are the suppliers /Manufacturer of Aeromodelling Balsa wood laser cut Kits.

The main aim of the startup lies in developing the young mind of the country to indicate much-needed skills for this competitive environment through the art of Aeromodelling and robotics thus making it fun and interesting altogether. These technologies are the best possible applications of STEM (Science, Technology, Engineering and Mathematics) and Curriculum based on Indian school education system (CBSE, ICSE etc).

[Top Image - Facebook.com/aviotronautomations]

Dubai’s Biggest Startup Investment Fest Now Open for Indian Startups to Participate

Dubai AIM Startups, one of the biggest Startup Investment event in the region organised by UAE Ministry of Economy, now open for Indian Startups to participate. The UAE has been hosting this Annual Investment Meeting for few years now, however this will be the first time Indian startups will get an opportunity to participate in this international mega investment summit. The India leg of the summit will be organised by GREX through an MoU between the parties.

To recall, GREX and AIM Startup, an initiative of UAE Government, have signed an MoU, in September last year, to provide better access for Indian companies to the markets in MENA region (Middle East and North Africa region), and forge meaningful relations with business leaders, investors and international Government entities.

GREX has connected with various ecosystem partners like IIT campuses (Mumbai, Kanpur, Madras & Guwahati), T-Hub, CIE-IIIT, 91Springboard etc. and various State Government projects like Kerala Startup Mission, Rajasthan iStart etc to partner and host these events in their respective regions. Even some domestic VC Funds have joined this initiative and will look at possible investment opportunities through the competition for Startups.

Mr. Jayesh Ranjan, Principal Secretary Industries & Commerce & IT, Government of Telangana quoted “Government of Telangana has always been on the forefront of providing various opportunities for startups to grow. We congratulate UAE Ministry of Economy for this wonderful initiative i.e. Dubai AIM Startup and are happy that GREX is bringing this international program to India. I am confident this program will give valuable international exposure and access to global investors to our startups. And therefore, encourage our startups to participate.”.

Dr Saji Gopinath, CEO, Kerala Startup Mission quoted “Kerala has long standing business relationship with Arab Nations. The Dubai AIM Startup Summit is a great opportunity for the new generation startup entrepreneurs from the State to explore the avenues in MENA region and to Foster meaningful business linkages. It is heartening to see the good efforts of GREX for being a great catalyst in linking startups from India with burgeoning investment opportunities in the GCC countries. Such international exposure and linkages would go a long way in further strengthening competitiveness of our startup ecosystem.”

“We at Cornerstone Venture Partners are excited to participate in the AIM Startup’s Annual Innovation Showcase and Pitch Competition, brought to India by GREX. We look forward to meet and interact with startup founders who are focusing on digital technologies that will drive the future growth. Keeping in mind Opportunity Size, Ease of Scale, Team's Capability, and Monetizability / Ease of Exits.  
We wish the GREX and Dubai AIM Startup event all the success. Let’s AIM Winning Together!”, thoughts shared by Mr. Rajiv Vaishnav, Managing Partner, Cornerstone Venture Partners.

Mr. Dawood Al Shezawi, Chairman, Organizing Committee AIM Startup 2019 said, “Disruptive ideas have turned thousands of Indians to be passionate innovators. This is evident with the impressive number of startups formed in India in 2018. We have to match their passion with a platform that will encourage and support their ideas to become a reality. This is exactly what AIM Startup has been committed to since its inception in 2017.
For its third edition, AIM Startup 2019 will once again welcome the most brilliant minds and link their ideas with genuine investors. We look forward to see amazing ideas from Indian innovators.”

Explaining the advantages participating startups would benefit from this Summit, he added that “AIM Startup 2019 will give 20,000 expected visitors in-depth sector knowledge and coaching through specialized workshops by international professionals from the industry. Investors, startups, SMEs and policy makers will be able to meet and explore potential investment projects in an arena conducive to such discussions as will be provided at the global event.”

GREX and UAE Govt's AIM Startup Signs MoU to Bring the World's Leading FDI Platform Closer to Indian Startups

Pune-based private market platform GREX and AIM Startup, an initiative of UAE Government, have signed an MoU, on Thursday, to provide better access for Indian companies to the markets in MENA region (Middle East and North Africa region), and forge meaningful relations with business leaders, investors and international Government entities.

Launched in 2017, AIM Startup, an initiative of the UAE Ministry of Economy, aims to connect promising startups with investors and business partners from all around the world. It is set in the heart of UAE's Annual Investment Meeting that happens in Dubai, the World's Leading FDI Platform for Emerging Markets.

GREX is a private market platform, and its associated ecosystem, that help companies access multiple financial products as they grow from Incubator to IPO. This initiative endeavors to provide more growth opportunities to companies on GREX.

This partnership between AIM Startup and GREX is going to open a large set of opportunities for the companies not only on GREX but also all the other companies looking for growth in the Middle East.

[caption id="attachment_126375" align="aligncenter" width="700"] MoU Signing between GREX and AIM Startup[/caption]

Mr. Dawood Al Shezawi, President, AIM Startup said “We believe that the local ecosystems can benefit from international cooperation. The market in the region can certainly accommodate companies and innovators that will not only benefit from doing business in GCC but will also bring in know-how and best practices. This is where we have the pleasure to welcome our partner GREX for the 3rd Edition of AIM Start-up with whom we are looking to ensure India’s business leaders of tomorrow will take an active part in our platform as start-ups, investors and mentors.”

On this occasion Neera Inamdar, VP Strategic Alliances, GREX mentioned “This way we are trying to bridge a gap between an international finance hub and Indian startup ecosystem. We are very happy with this partnership and we look forward to cultivate it further.”

GREX is association with AIM Startup will conduct several events in various parts of India to create awareness among Indian companies and bring opportunities to expand their footprint in Middle East. Shortlisted companies will get a chance to showcase themselves during the AIM Startup Event in 2019.

Debashis Das, CEO of Bharati Robotic Systems added “It is an encouraging step for the companies in India looking to explore Middle East market for business growth. I would like to congratulate GREX and UAE Government for this positive step and believe that a number of companies will take advantage of this opportunity.”

To recall, in July Government of India’s official investment promotion agency 'Invest India' and the UAE Minister for Artificial Intelligence (AI) have signed a bilateral AI Bridge agreement that seeks to create economic benefits worth $20 billion during the next decade.

A month back, UAE-based OMA Emirates Group has launched a fintech Fund of $3 million to focus on emerging and potential financial technology companies and startups in India

Besides UAE, Bahrain is an another middle east nation looking at Indian Startup ecosystem as an oppurtunity. In July this year, Bahrain announced that it keen on welcoming startups and venture capitalists (VC) from India to access the country's startup ecosystem, said John Kilmartin, Executive Director, ICT at Bahrain's Economic Development Board (EDB).

GREX and UAE Govt's AIM Startup Signs MoU to Bring the World's Leading FDI Platform Closer to Indian Startups

Pune-based private market platform GREX and AIM Startup, an initiative of UAE Government, have signed an MoU, on Thursday, to provide better access for Indian companies to the markets in MENA region (Middle East and North Africa region), and forge meaningful relations with business leaders, investors and international Government entities.

Launched in 2017, AIM Startup, an initiative of the UAE Ministry of Economy, aims to connect promising startups with investors and business partners from all around the world. It is set in the heart of UAE's Annual Investment Meeting that happens in Dubai, the World's Leading FDI Platform for Emerging Markets.

GREX is a private market platform, and its associated ecosystem, that help companies access multiple financial products as they grow from Incubator to IPO. This initiative endeavors to provide more growth opportunities to companies on GREX.

This partnership between AIM Startup and GREX is going to open a large set of opportunities for the companies not only on GREX but also all the other companies looking for growth in the Middle East.

[caption id="attachment_126375" align="aligncenter" width="700"] MoU Signing between GREX and AIM Startup[/caption]

Mr. Dawood Al Shezawi, President, AIM Startup said “We believe that the local ecosystems can benefit from international cooperation. The market in the region can certainly accommodate companies and innovators that will not only benefit from doing business in GCC but will also bring in know-how and best practices. This is where we have the pleasure to welcome our partner GREX for the 3rd Edition of AIM Start-up with whom we are looking to ensure India’s business leaders of tomorrow will take an active part in our platform as start-ups, investors and mentors.”

On this occasion Neera Inamdar, VP Strategic Alliances, GREX mentioned “This way we are trying to bridge a gap between an international finance hub and Indian startup ecosystem. We are very happy with this partnership and we look forward to cultivate it further.”

GREX is association with AIM Startup will conduct several events in various parts of India to create awareness among Indian companies and bring opportunities to expand their footprint in Middle East. Shortlisted companies will get a chance to showcase themselves during the AIM Startup Event in 2019.

Debashis Das, CEO of Bharati Robotic Systems added “It is an encouraging step for the companies in India looking to explore Middle East market for business growth. I would like to congratulate GREX and UAE Government for this positive step and believe that a number of companies will take advantage of this opportunity.”

To recall, in July Government of India’s official investment promotion agency 'Invest India' and the UAE Minister for Artificial Intelligence (AI) have signed a bilateral AI Bridge agreement that seeks to create economic benefits worth $20 billion during the next decade.

A month back, UAE-based OMA Emirates Group has launched a fintech Fund of $3 million to focus on emerging and potential financial technology companies and startups in India

Besides UAE, Bahrain is an another middle east nation looking at Indian Startup ecosystem as an oppurtunity. In July this year, Bahrain announced that it keen on welcoming startups and venture capitalists (VC) from India to access the country's startup ecosystem, said John Kilmartin, Executive Director, ICT at Bahrain's Economic Development Board (EDB).