Olive Gaea, a leading climate-tech company based in the UAE, has been selected to participate in the prestigious Google for Startups – Women in AI program. This program is part of Google’s effort to enhance diversity in the technology sector by supporting women-led companies that integrate artificial intelligence into their operations. Google for Startups has partnered with the Saudi Authority for Data and Artificial Intelligence and the UAE Ministry of AI to create Growth Academy. The organization is also supported by C3 – Companies creating change.
About Google for Startups – Women in AI Program
Google for Startups – Women in AI is more than just an initiative; it’s a response to a glaring issue in the startup ecosystem. Despite startups across the Middle East and North Africa (MENA) region raising a record $4 billion in venture capital in 2023, a mere 1.2% of this funding found its way to startups founded by women. Furthermore, an even smaller fraction went to those at the helm of AI-driven companies. This program is Google’s effort to change that narrative.
By equipping women-led AI startups with state-of-the-art AI tools, Google’s extensive technological expertise, and an expansive network, the program accelerates growth and fosters innovation in sectors where it’s needed the most. Its primary aim isn’t just to level the playing field but to tackle some of the most pressing global challenges, including climate change, with disruptive technological solutions. The Women in AI program isn’t just supporting women founders; it’s empowering them to expand their reach, scale their operations, and create more inclusive and economically impactful AI solutions. Through this initiative, Google addresses the critical funding and support gap faced by women in the tech sector, paving the way for a more equitable future.
Olive Gaea’s Role and Strategic Boost
Within Google for Startups – Women in AI program, Olive Gaea will focus on enhancing its flagship Carbon Management and Accounting Platform, ZERO. ZERO is designed to help businesses reduce their carbon footprint efficiently, supporting them in their journey towards achieving Net Zero emissions. Participation in the program will enable Olive Gaea to further refine their AI-driven tools, thereby increasing its platform’s accuracy and scalability in tracking and managing emissions.
The inclusion in the Google for Startups program is poised to provide Olive Gaea with significant strategic benefits. It will enhance the company’s product strategy and expand its market reach by developing new customer and partnership opportunities. Google’s resources will also aid in fine-tuning Olive Gaea’s operational capabilities, which are crucial for the company’s growth and expansion into new markets.
Olive Gaea’s Goals with Women in AI
By participating in the Women in AI program, Olive Gaea not only enhances its technological capabilities but also contributes to a more diverse innovation landscape. This initiative highlights the pivotal role women play in advancing AI, particularly in critical areas like climate change mitigation, where diverse perspectives can drive substantial and meaningful change.
