THE fast-track 'innovation diplomacy' and super-powered technology partnership initiated by the UAE and Israel three years ago have been leading to a paradigm shift in the digital order and startup landscape of the Gulf region, raising the prospects for a more sustainable, secure, and prosperous future for all stakeholders.

Since the signing of the historic Abraham Accord, both countries have pulled out all stops to open up new avenues for innovation and scientific collaboration across a multitude of sectors, paving the way for path-breaking joint ventures and development programmes. In three years, both nations have made remarkable headway with their multi-pronged collaborations across sectors such as agritech, cyber and security, environment, food and energy security, artificial intelligence, nanotechnology, and other disruptive innovations, leading to the development of innovative solutions.

Playing a critical role as a catalyst for the thriving partnership is an Israeli non-profit NGO, Startup Nation Central (SNC). Since 2020, it has been fostering innovation diplomacy and facilitating increased technological and knowledge-sharing partnerships between the private and public sectors of both nations. Innovation diplomacy leverages Israel’s knowledge and experience to foster deeper relationships and integrate more seamlessly into the region while supporting partners’ long-term strategic growth programmes. This benefits everyone involved, and the ripple effect benefits the region — and the world — as a whole.

UAE-ISRAEL CONNECT
One of the significant contributions of SNC is the creation of an online platform called "UAE-Israel Connect." This platform serves as a matchmaking service for Israeli and Emirati startups and investors. The platform enables startups to showcase their products and services and connect with potential investors and partners.

Another significant contribution of SNC has been the organization of joint events and workshops between Israeli and Emirati startups. These events provide an opportunity for startups to exchange ideas and collaborate on innovative solutions. According to SNC officials, the UAE and Israel share a similar mindset on the importance of innovation, research, and science and technology as the pillars of a knowledge-based, highly productive, and competitive economy. The two countries are focused on a strategy driven by entrepreneurs in a business-friendly environment where public and private sectors form effective partnerships.

“The partnership has the potential to provide solutions to enhance the quality of life and innovation. Both have a strong focus on creating a business-friendly environment that fosters innovation and entrepreneurship. With their shared focus on innovation, the UAE and Israel can collaborate to create new solutions to address common challenges, such as healthcare, transportation, and energy,” they said.

With the increasing digitisation of the world, both countries have a significant role to play in shaping the region’s digital future. The partnership can leverage the strengths of both countries to create innovative digital solutions that can positively impact the world. For example, the two countries can collaborate to develop new technologies to address climate change and promote sustainable development.

Source: The Khaleej Times (India)