• Maryam Moustafa and Nada Aldash were named as the UAE winners of the James Dyson Award 2020 for student inventors. All photos by Chris Whiteoak / The National
    Maryam Moustafa and Nada Aldash were named as the UAE winners of the James Dyson Award 2020 for student inventors. All photos by Chris Whiteoak / The National
  • Arpana Murugappan invented a smart yoga mat.
    Arpana Murugappan invented a smart yoga mat.
  • Sarthak Sethi invented the Obilizer a smart lightweight and portable UV Sterilizer.
    Sarthak Sethi invented the Obilizer a smart lightweight and portable UV Sterilizer.
  • Obilizer is a smart lightweight and portable UV Sterilizer.
    Obilizer is a smart lightweight and portable UV Sterilizer.
  • The James Dyson Awards 2020 for UAE inventions at the Youth X Hub, Emirates Towers.
    The James Dyson Awards 2020 for UAE inventions at the Youth X Hub, Emirates Towers.
  • Judges Professor Tadhg O'Donovan, second from left, head of engineering and physical Sciences, Heriot-Watt University, Dubai; Suaad Al Shamsi, centre, an aircraft engineer and aviation advisor; Shane McGinley, second from right, an award-winning editor; and Reem Al Marzouqi, an Emirati engineer.
    Judges Professor Tadhg O'Donovan, second from left, head of engineering and physical Sciences, Heriot-Watt University, Dubai; Suaad Al Shamsi, centre, an aircraft engineer and aviation advisor; Shane McGinley, second from right, an award-winning editor; and Reem Al Marzouqi, an Emirati engineer.
  • The James Dyson Awards 2020 for UAE inventions at the Youth X Hub, Emirates Towers.
    The James Dyson Awards 2020 for UAE inventions at the Youth X Hub, Emirates Towers.

Sharjah students scoop James Dyson award for 'smart ring' to help visually impaired


Patrick Ryan
  • English
  • Arabic

Two friends from American University of Sharjah will take on the world after winning a competition for student inventors.

Maryam Moustafa and Nada Aldash took home first prize and Dh9,500 for their invention of a ring that helps visually impaired people decipher colours.

Their invention – Touch – scans items such as clothing or fruit. The user holds it against a piece of clothing, which activates a colour sensor and it then reads this back to the user.

The piece of wearable technology can also scan labels and read them back.

The Egyptians, both aged 23, triumphed in the James Dyson Award, an international design accolade to inspire the next generation of engineers. It is named after the British inventor, best known for vacuum cleaners.

“It can be hard to understand the challenges people with visual impairments have to face,” Ms Moustafa said. “Even for a simple task such as picking out clothing or groceries, many have to rely on other people to choose for them.

“But with Touch they can reclaim their independence. We are so proud to have won the James Dyson Award and hope that it can become a mainstream and valuable tool for people with visual impairments.”

Her joy was shared by her friend and fellow inventor Ms Aldash, who hopes to use the award as a platform for further success.

“Winning the James Dyson Award has given us the encouragement to fully develop the smart ring,” she said.

“It’s amazing to think that from our initial brainstorm and our discussions about how colour is perceived by people with visual impairments that we were able to create a solution.

“We are still in the early phases regarding the future direction of the device but from our discussions with future users we now understand that there is huge potential.”

Now they have conquered the UAE heat, the young inventors will wait to hear if they have made the 20-strong international shortlist, which will be announced on October 15, before a final winner is announced on November 19. The winner will take home Dh150,000.

Shamma Al Mazrui, Minister of State for Youth, said she was proud of the role that bright young people are playing in the country’s future.

“As the UAE positions itself as the hub of innovation and ideas, we must recognise that we would not be able to do so without the persistence and diligence of young people in engineering, science and technology,” she said.

RESULTS
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Innotech Profile

Date started: 2013

Founder/CEO: Othman Al Mandhari

Based: Muscat, Oman

Sector: Additive manufacturing, 3D printing technologies

Size: 15 full-time employees

Stage: Seed stage and seeking Series A round of financing 

Investors: Oman Technology Fund from 2017 to 2019, exited through an agreement with a new investor to secure new funding that it under negotiation right now. 

Persuasion
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Company profile

Company name: Dharma

Date started: 2018

Founders: Charaf El Mansouri, Nisma Benani, Leah Howe

Based: Abu Dhabi

Sector: TravelTech

Funding stage: Pre-series A 

Investors: Convivialite Ventures, BY Partners, Shorooq Partners, L& Ventures, Flat6Labs

Bio:

Favourite Quote: Prophet Mohammad's quotes There is reward for kindness to every living thing and A good man treats women with honour

Favourite Hobby: Serving poor people 

Favourite Book: The Alchemist by Paulo Coelho

Favourite food: Fish and vegetables

Favourite place to visit: London