The three local startups in the accelerator’s first cycle are: Solva Technologies, a logistics management platform using proprietary technology for last-mile and express deliveries carried out by fully electric motorcycles; BonApp, a mobile application designed to reduce food waste by allowing consumers to purchase fresh but unsold food produce from restaurants at a discount; De L’Arta, a company specialising in sustainable soil regeneration techniques as well as natural skincare products extracted from UAE native plants.
The startup accelerator initiative between Masdar, Abu Dhabi future energy company, and international energy company BP is seeking more UAE-based startups eligible for its next cycle of funding, training and mentorship at trade the trade expo.
Cinar Kurra, CEO of Catalyst said, “Our aim is to help build a robust start-up ecosystem focused on sustainability in the UAE, and as the potential of Solva Technologies, BonnApp and De L’Arta indicate, there are plenty of opportunities to be had in a region known for its youthful energy and entrepreneurial spirit.”
“Not only does the Catalyst offer the financial backing and industry know-how of two globally respected energy companies, it is also providing promising start-ups a home at Masdar City, Abu Dhabi’s rapidly growing clean-tech cluster and business free zone,” he added.
Today more than 560 companies operate at Masdar City, including start-ups, SMEs and multinational companies. The city has seen 30 per cent growth in new tenant registrations over the last 12 months.