Start-up City - Case study | Big 5 Global

How Innotech secured USD 1.7mil investment and game-changing growth

Challenges

As a hardware start-up, one of the challenges was proving the effectiveness of the solution, as compared to conventional technologies.

Strategy

Showcasing the technology in a platform like Start-up City enabled Innotech to display their product to a relevant crowd.

Success story

Innotech had a great meeting with the Dubai Municipality, a key potential partner, negotiations with an angel investor from Abu Dhabi and two potential clients from GCC countries. The estimated investment is USD 1.7million.

Innotech

Innotech is a start-up automating construction using its in-house developed construction 3D printer, to speed up the process, and save labor, materials, and cost. Innotech is committed to developing this technology to reduce the carbon emissions related to the construction industry, by reducing or eliminating the need for cement in construction. Innotech received 3 funding stages from 3 VCs so far, with a total investment of about 1.7m USD which is being used to scale the business into the MENA region, and spend on R&D to develop the technology.