Gulf oil company wants to support startups in the circular way
Gulf oil companies want to support circular startups: Dr. Abdulwahab Al-Sadoun
The Gulf Petrochemicals and Chemicals Association (GPCA), the voice of the chemical industry in the Gulf region, is pleased to announce the launch of its brand-new networking platform – the “GPCA Startup Nexus” – which will debut during the Annual GPCA Forum from 3 to 4 December 2024 at the Oman Convention and Exhibition Centre, in Muscat, Oman.
For the first time, “GPCA Startup Nexus” will provide young startup companies with a stage to present their unique and forward-looking technologies to a broad audience of investors, experts and decision-makers from chemical companies and international players.
During the forum10 young and motivated startups engaged in advancing the circular economy and climate action will showcase their technologies in Shark Tank-style presentations and take questions from the audience.
During the forum, they will have the invaluable opportunity to forge new connections with large established companies and international investors and promote their solutions. The aim is to create a network of mutual exchange that catalyzes collaboration and to stimulate investments.
The deadline to submit applications and become part of the GPCA Startup Nexus has now been extended until October 7, 2024. Startups established less than seven years ago and with a Technology Readiness Level (TRL) higher than 4 will have the opportunity to apply for one of the coveted places in the two technology fields – circular economy and climate action.
The top five companies in each of the two categories will be shortlisted by an Expert Panel, comprising seven esteemed industry veterans with significant leadership experience in research and innovation at chemical and petrochemical firms.
GPCA will provide eight more startups, which have not been established yet or whose technology has not progressed beyond TRL 4, with the opportunity to apply, connect with potential investors and promote their brand through short “elevator pitch” presentations.
Dr. Abdulwahab Al-Sadoun, Secretary General, GPCA, commented: “In line with our effort to stimulate collaboration and innovation in the chemical ecosystem, we are providing a unique opportunity to emerging and established startups from around the region to take part in the “GPCA Startup Nexus” and present their successful innovations and technologies in the field of circular economy and climate action on the sidelines of the 18th Annual GPCA Forum. We truly believe that the solution to climate innovation depends on cross-sector collaboration, where stakeholders from across the board come together, share their experiences and knowledge and collaborate for a cleaner, more resource-efficient and smarter future.”
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