SRTI Park partners with Maxbyte to set up Industry X.0 Centre
Top officials during the signing ceremony in Sharjah.
Industry X.0 has emerged as the new digital paradigm for businesses to embrace constant technological change and profit from it. It refers to the use of advanced technologies to restructure existing products and services from design and engineering to manufacturing and support that speeds up operational efficiency and enterprise-wide growth.
Maxbyte is focused on industrial digitalisation, robotisation, and decarbonisation solutions to enhance productivity, flexibility, efficiency, and growth within the industrial sector.
Hussain Al Mahmoudi, CEO of SRTI Park, commented, “This is a historic moment for SRTI Park. Industry X.0 is sweeping the industrial sector across the globe, unfolding possibilities that were unthinkable a few years ago. The high standards of Maxbyte will be available at this Centre of Excellence, offering regional companies unique services to scale up their businesses. We are delighted to welcome Maxbyte to our vibrant ecosystem that is driving innovation in the region.”
Ramshankar CS, CEO of Maxbyte, commented, “We are pleased to set up our advanced Industry X.0 Centre of Excellence at the SRTI Park which has emerged as a dynamic innovation hub in this region. This is where innovative manufacturers will go to forge their futures by building a future-ready workforce with new skillsets. Our Industry X.0 CoE has been designed to empower manufacturers to increase their productivity, win more business, and strengthen their manufacturing capabilities.”
Maxbyte’s target is to educate 200 manufacturers on industry 4.0 transformation every year in a phased and agile approach to support their transformation and business excellence. It seeks to create 6,000 skilled technical professionals and enable jobs opportunities in the region for the regional industry 4.0 transformation by 2028. It aims to conduct 75+ programmes in 3 years. The Industry X.0 CoE is anticipated to impact 1500+ People and 125+ enterprises.
Industry X.0 technologies are evolving fast, helping businesses to become ‘smart’ and more efficient. These technologies help industries to improve their operational efficiency, reduce errors, increase asset performance, and focus on digital practices.
The Sharjah Research, Technology and Innovation Park recently joined hands with Samsung Gulf Electronics, to highlight new trends in Artificial Intelligence (AI), innovation, digitisation, security, and other key topics.
The workshop “Samsung Lab Experience” attracted a diverse audience from different industries and verticals, including academia, keen to gain new insights into AI and the value it brings to their everyday life.
Over two days, Samsung experts engaged with government bodies, corporations, SMEs, academic institutions, and students, covering a wide range of topics, including AI, innovation, digitisation, security, and customer experience, as well as technology in education and the Samsung SmartThings platform.
As the UAE continues to make impressive strides in the global innovation index, the Sharjah Research, Technology and Innovation Park (SRTIP) is intensifying its drive to be one of the most dynamic incubation hubs in the region.
The UAE was ranked 31 globally and 1st regionally in the Global Innovation Index (GII) 2022, published by the World Intellectual Property Organisation (WIPO), a specialised agency of the United Nations. The report presented the latest global innovation ranking of 132 economies, relying on 81 different indicators.
The UAE’s overall rank improved by two positions from last year and continues to lead the Arab region for the seventh consecutive year. The UAE’s progress cements its status amongst the world’s most innovative countries.
SRTIP, backed by the government, private sector companies and research capabilities of the American University of Sharjah (AUS), has been witnessing dramatic developments in recent months. Earlier this month, it put the Megalux, the Hungarian solar racing car, on public display, as part of collaboration with Hungary’s John von Neumann University (JvNU) to jointly develop the solar car.
Last October, SRTIP put on display the Lightyear 0, the world’s first long-range production-ready solar electric vehicle. The Lightyear 0 is the only solar electric car to actually start production. Being able to charge by the sun either parked or on the go, allows Lightyear 0 to run for months before ever needing a plug charge.
USky Transport is in advanced stages of constructing the hanging test tracks for the UAE’s first high-speed electric skypod network at SRTIP. The track will allow suspended pods hanging on a super-strong string rail to travel at a speed of between 150kph and 500kph once a full-length line is opened.
STRIP is also in consonance with GII findings on venture capital (VC) deals. According to the report, despite the COVID-19 crisis, the world is witnessing a historic boom in VC activity, with the number of deals increasing by almost 50 per cent in 2021.
Al Mahmoudi said, “We at SRTIP believe that VC is the right model for financing innovations. The UAE attracted more than US$1.47 billion in venture capital in 2021 in the MENA region. Easy access to diverse funding channels and favourable legislative tools in the UAE have been instrumental in building one of the most globally attractive landscapes for start-ups and entrepreneurs, including at the SRTI Park.
“SRTI Park had emerged as a leader in startup investments, with companies investing more than us$100 million in research, for developing solutions in transportation, agriculture, renewable energy, 3D printing, Augmented Reality (AR) and Virtual Reality (VR). More than 2,000 companies are now operating from SRTI Park. “
