Road Ventures SA, will host a ‘Start-up Competition’ during the IRU World Congress with a chance to win $100,000 in equity investment and an opportunity to gain exposure with potential investors.
Organised by the International Road Transport Union and hosted by ASYAD in collaboration with the Ministry of Transport and Communications from November 6-8, 2018 in Muscat, the competition will take place as part of Innovation Alley, a dedicated space for innovation within the event. Applications must be submitted by September 17, 2018 for an opportunity to participate, with only the top early-stage start-ups being selected to pitch and compete against each other.
With the global population estimated to increase from 7.4 billion to 10.6 billion by 2050, the volume of goods shipped will quadruple. Technology innovation and digitisation are disrupting every industry and transport companies must transform to embrace this accelerating pace of change. This presents start-ups with an opportunity to present innovative solutions at the World Congress for the industry to address this global logistics challenge.
“This competition is dedicated to launching and advising the world’s next wave of leading entrepreneurs in transport and logistics. Oman’s performance in this area can determine how it participates in international markets. This not only can contribute to advancing our economy but also largely impacts our global competitiveness. We need to be future proof and the only way to tackle the challenges and opportunities that lie ahead is through innovation” said Abdulrahman al Hatmi, (pictured)Group CEO of ASYAD.
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