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Mohammad Albalooshi

👤 Person
153 total appearances

Appearances Over Time

Podcast Appearances

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

And again, given the amount of interest that we see and the amount of traction we see, we believe those are achievable numbers. There's a much bigger agenda. Dubai, of course, has a universal blueprint for artificial intelligence. The AI campus is one of the key initiatives of that strategy.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

And again, given the amount of interest that we see and the amount of traction we see, we believe those are achievable numbers. There's a much bigger agenda. Dubai, of course, has a universal blueprint for artificial intelligence. The AI campus is one of the key initiatives of that strategy.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

And again, given the amount of interest that we see and the amount of traction we see, we believe those are achievable numbers. There's a much bigger agenda. Dubai, of course, has a universal blueprint for artificial intelligence. The AI campus is one of the key initiatives of that strategy.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

Sure, Noah. So I think, you know, as I was mentioning, we started looking at this new ecosystem and we constantly keep in touch with them to see what do they need. From very early days, we looked at their licensing and regulatory requirements. So we created our own regulatory sandbox that actually becomes a testbed for these companies. We created licenses which are curated to their requirements.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

Sure, Noah. So I think, you know, as I was mentioning, we started looking at this new ecosystem and we constantly keep in touch with them to see what do they need. From very early days, we looked at their licensing and regulatory requirements. So we created our own regulatory sandbox that actually becomes a testbed for these companies. We created licenses which are curated to their requirements.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

Sure, Noah. So I think, you know, as I was mentioning, we started looking at this new ecosystem and we constantly keep in touch with them to see what do they need. From very early days, we looked at their licensing and regulatory requirements. So we created our own regulatory sandbox that actually becomes a testbed for these companies. We created licenses which are curated to their requirements.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

We created co-working spaces for the first time in the center just to make sure that we actually bring an ecosystem that resonates with startups and entrepreneurs. We brought in accelerator programs. So through the accelerator programs, we actually give access to market. So, I mean, if you ask any startup, what do they usually, what do they need?

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

We created co-working spaces for the first time in the center just to make sure that we actually bring an ecosystem that resonates with startups and entrepreneurs. We brought in accelerator programs. So through the accelerator programs, we actually give access to market. So, I mean, if you ask any startup, what do they usually, what do they need?

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

We created co-working spaces for the first time in the center just to make sure that we actually bring an ecosystem that resonates with startups and entrepreneurs. We brought in accelerator programs. So through the accelerator programs, we actually give access to market. So, I mean, if you ask any startup, what do they usually, what do they need?

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

It would be access to market, access to capital, regulatory support, and access to talent. We try and enable all of that through the DIFC Innovation Hub, and we've been able to. I mean, there have been a lot of companies that have gone through our accelerator programs, gone through our sandboxes, and we ourselves invest in startups as well. But not only that, we try and enable investment as well.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

It would be access to market, access to capital, regulatory support, and access to talent. We try and enable all of that through the DIFC Innovation Hub, and we've been able to. I mean, there have been a lot of companies that have gone through our accelerator programs, gone through our sandboxes, and we ourselves invest in startups as well. But not only that, we try and enable investment as well.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

It would be access to market, access to capital, regulatory support, and access to talent. We try and enable all of that through the DIFC Innovation Hub, and we've been able to. I mean, there have been a lot of companies that have gone through our accelerator programs, gone through our sandboxes, and we ourselves invest in startups as well. But not only that, we try and enable investment as well.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

So one is our own investment fund, but then we take it upon us to try and develop the entire VC ecosystem by attracting other VCs and by encouraging, let's say, family offices to look at this asset class. Some of the success stories, I mean, we actually had our first unicorn last year in 24, a buy-now-pay-later company called Tabby that was valued at $1.5 billion.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

So one is our own investment fund, but then we take it upon us to try and develop the entire VC ecosystem by attracting other VCs and by encouraging, let's say, family offices to look at this asset class. Some of the success stories, I mean, we actually had our first unicorn last year in 24, a buy-now-pay-later company called Tabby that was valued at $1.5 billion.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

So one is our own investment fund, but then we take it upon us to try and develop the entire VC ecosystem by attracting other VCs and by encouraging, let's say, family offices to look at this asset class. Some of the success stories, I mean, we actually had our first unicorn last year in 24, a buy-now-pay-later company called Tabby that was valued at $1.5 billion.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

Our first robo-advisory company was out of a real estate crowdfunding company. Companies like Stakedata, they actually fractionalize real estate ownership, given real estate that divides the huge real estate market. And there could be many other examples that are there. And honestly, there's so much more that we believe that will come out of this ecosystem.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

Our first robo-advisory company was out of a real estate crowdfunding company. Companies like Stakedata, they actually fractionalize real estate ownership, given real estate that divides the huge real estate market. And there could be many other examples that are there. And honestly, there's so much more that we believe that will come out of this ecosystem.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

Our first robo-advisory company was out of a real estate crowdfunding company. Companies like Stakedata, they actually fractionalize real estate ownership, given real estate that divides the huge real estate market. And there could be many other examples that are there. And honestly, there's so much more that we believe that will come out of this ecosystem.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

It's a mix of many things. One is we want to make sure we have the best in class soft infrastructure. By that, I mean legal framework, the regulatory framework. I think for fintechs globally, I mean, getting a fintech regulator is not easy. The good thing that we have in our part of the world, the regulators are quite progressive and they've made it public as well.

Code Story: Insights from Startup Tech Leaders
Minting Unicorns - Blockchain, AI and Dubai, with Mohammad Albalooshi, CEO, DIFC Innovation Hub

It's a mix of many things. One is we want to make sure we have the best in class soft infrastructure. By that, I mean legal framework, the regulatory framework. I think for fintechs globally, I mean, getting a fintech regulator is not easy. The good thing that we have in our part of the world, the regulators are quite progressive and they've made it public as well.