Dubai PR Network, Online Press Release from Dubai and Middle East
 
Business, Banking and Investments(Banking & Investments)
Filter PR by
  
Zoho Joins Forces with Falak Investment Hub to Digitally Empower Startups and Young Talents in Saudi
 
Zoho Joins Forces with Falak Investment Hub to Digitally Empower Startups and Young Talents in Saudi

- Zoho will provide startups under the Falak network USD 2500 wallet credit to access any of Zoho's products

- Falak and Zoho are conducting a series of bootcamp sessions to nurture young talents’ ideas and help them build MVPs using latest technology

Riyadh, Saudi Arabia- 05 July, 2022: Zoho Corp., a leading global technology company, signed a Memorandum of Understanding (MoU) with Saudi-based Falak Investment Hub to work together to digitally empower youth and startups in Saudi, and support them in their digital transformation journey. 

As per the MoU, Zoho will provide startups associated with the Falak Investment Hub network wallet credit worth USD 2500, an initiative by the 'Zoho for Startups' program. The wallet credit can be used for accessing any of its 50+ products. In addition, members of the Falak Investment Hub will get access to learning resources and training workshops by Zoho's team to help them digitize their business. 

The MoU was signed by Adwa Al Dakheel, Founder and CEO at Falak Investment Hub and Hyther Nizam, President Middle East and Africa at Zoho Corp. 

“With a booming ecosystem, a young and ambitious population, and a rising talent landscape, Saudi Arabia is on the forefront of innovation and startup ecosystems in the MENA - and such ecosystems are worthy of local and global partnerships to elevate benchmarks, cultivate entrepreneurial thinking, and inspire greatness from every existing founder and future founder. As long-term users of Zoho’s superior tools, we’re proud to formalize and scale this partnership for the betterment of Saudi Arabia’s local ecosystem.”

Falak and Zoho are also jointly conducting a series of bootcamp sessions, which will offer hands-on training on low-code, using the platform Zoho Creator, for university students in Saudi who aspire to test their ideas and hone their entrepreneurship skills. This comes as part of Falak’s Future Founders program.

The Falak’s Future Founders Program comes as a part of Falak’s initiatives to execute its mission of finding, enabling and growing the next unicorn startups of the MENA region. A five-day collaborative and educational event where students can develop and pitch new startup ideas. It's a series of ideation, design thinking, business modeling, market validation, mentorship and pitching sessions.
The first bootcamp took place from 26-30 of June at the Falak Investment Hub which was attended by students from the Prince Sultan University. More than 30 students joined the first cohort with ambition, dedication, and commitment - and they left the 5th day with more than 50+ cumulative ideas and 7 final MVPs that were ideated and developed in the same 5-day period.

Hyther Nizam commented, 'We are pleased to collaborate with Falak Investment Hub to provide an added-value to the developers, startup and the entrepreneurship community in Saudi through our unique business offerings. By coming together with a leading partner such as Falak, we aim to train and enable young talents and budding entrepreneurs with the tools needed to stay ahead of the curve. This partnership is part of Zoho's continued efforts to expand operations in the kingdom and extend its 50+ digital offerings to the  business community as well as embed digital literacy skills within the academic curriculum, in line with the nation's digital transformation aspirations.'

Zoho uniquely offers the most comprehensive unified and centralized platform for users to run their entire business in the cloud, eliminating the need for multiple, asynchronous business management applications that do not seamlessly integrate with one another. This eliminates the problem of data silos, multi-vendor contracts and integration hassles. With a privacy-first approach, Zoho offers its users an unparalleled user experience, ensuring their information is securely stored and is not shared with any third-party software, as Zoho does not follow an ad-revenue model.  

Founded in 2018 by Adwa Aldakheel, Falak is a unique hybrid of a business hub, an angel investors network and an investment-backed accelerator program for MENA-based tech startups with a focus on Saudi Arabia. So far, Falak has graduated 3 batches, 23 startups and invested 13 million SAR with a combined value of more than 700+ million SAR. Applications for Falak’s 4th Flagship Acceleration cohort is live via flagship.falak.sa, which will take place in Q3 of 2022 and all MENA tech-startups are welcome to apply.
Launched in 2017 in India, Zoho for Startups is a program that aids startups in their digital transformation journey and helps them set up, start off and scale their business.  The program brings value to startups and founders by providing access to Zoho's 50+ business management cloud-based software to help them manage every aspect of their daily operations in a unified, simple and seamless way. With more than 100 startup enablers, incubators, accelerators, government entities in its network, the program has supported more than 7000 startups globally, enabling more than 100,000 licenses of software apps from Zoho.


Posted by : DubaiPRNetwork.com Editorial Team
Viewed 6863 times
PR Category : Banking & Investments
Posted on : Tuesday, July 5, 2022  9:24:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Zoho signs MoU with Manipal Academy of Higher Education
Next Story : BNI Concludes the First Annual BNI EXPO UAE and Members Day ...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Age in Reverse with Dr. Belmeur's New Total Youth Biome Range [5670-Views]
Savour Flavourful Mediterranean Cuisine and Celebrate Great Food at Majlis Al Sultan This ... [4731-Views]
Etihad Rail Signs Memorandums of Understanding at Innotrans 2022 with Leading Internationa... [4694-Views]
Gold Price Hits a Two Year Low: Best Time to Invest in Gold [4588-Views]
Ladies Collection [4293-Views]
The Largest Showroom of Malabar Gold & Diamonds in Abu Dhabi to Open in Mazyad Mall [4116-Views]
Your Signature Style with Pandora. [4071-Views]
Codebreakers Wanted! Unlock The Bremont Vault [3899-Views]
Startup Sharjah Hackathon In Khorfakkan Equips 150 Youth With Business-building Skills [3682-Views]
Kalyan Silks' 6th Showroom in UAE Inaugurated in Sharjah by Prithviraj Sukumaran [3592-Views]
Mexico and Costa Rica Explore Cooperation in Culture and Knowledge Sectors With Sharjah [3538-Views]
Prepare Your Closet for Winter with Springfield's New Fall/Winter 2022 Collection [3378-Views]
Start-Up of Unit 3 of Barakah Nuclear Energy Plant Accelerates Achievement of UAE Net Zero... [3346-Views]
Dubai Muscle Show Champions Female Bodybuilding Talent By Offering a Staggering AED 100,00... [3239-Views]
Team Abu Dhabi Star Tops Qualifying With Dramatic Late Surge [3239-Views]
Rise Every Day: Mashreq redefines its role with historic new identity and customer proposi... [3157-Views]
Abu Dhabi Festival Presents the First ever ‘inshad' Concert of its Kind at the Great Pyram... [3124-Views]
Drive Home The All-new Kia Carens, Now Available at Al Majid Motors [3038-Views]
ENEC Strengthens UAE-France Cooperation in Nuclear Energy Sector Through New E-Fusion 2022 [3009-Views]
Mansoor is World Champion After Drama in Portugal [2997-Views]
Treating Idiopathic Scoliosis Without Surgery [2981-Views]
Samsung Electronics Announces New Environmental Strategy [2981-Views]
The Opulent Furniture Brand Brings a Lifestyle Worth Living To Dubai [2931-Views]
Dubai Customs Organizes 3rd DCCC Meeting 2022 Amid Expectations of More Economic Growth [2874-Views]
Opening Soon: Union Coop Announces the Completion of Nad Al Hammar Mall [2854-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
 
Top Sections
 
Top Stories