Dubai PR Network, Online Press Release from Dubai and Middle East
 
Government Sector(Government, Legal & Humanity)
Filter PR by
  
Khalifa Fund and startAD reveal six final teams to compete at Ibtikari program 5.0
 
  • Finalists to advance to incubation phase and receive grants worth AED 10,000 from KFED
  • One team to win a grant of AED 25,000

Abu Dhabi, 30 October 2019: The Khalifa Fund for Enterprise Development (KFED) and startAD, the innovation and entrepreneurship platform at New York University Abu Dhabi, announced today, October 30, 2019, the six final teams that will compete at the Ibtikari program 5.0, a five-month incubation program designed to help UAE nationals advance their tech startups. The six were selected out of the eight teams that presented their tech startup ideas during the program’s pitching day held at KFED’s headquarters in Abu Dhabi.

The final six projects are ‘Arabee,’ a fun, interactive, comprehensive, progressive, multi-format Arabic language program designed to teach Arabic to children aged 3-12 years old;  the environment-friendly ‘Blanco Oral Care’ project, an innovative toothpaste tablet in a glass jar; ‘Plexo Gaming,’ an online e-sport tournament platform allowing players in the Middle East to monetize their passion; ‘Snakat Café,’ a platform that displays, markets, delivers, and sells homecooked food and desserts; ‘Solar Smart Cell’ startup, which designs and manufactures solar-powered smart vehicles; and ‘SPL Technology’ project, which is designed to semi-automate cloud migration process. 

Mouza Al Nasri, Acting Chief Executive Officer, KFED, said: “Both KFED and startAD will continue to work closely with the six final teams up until the conclusion of the Ibtikari program in February 2020. We will see to it that the Emirati finalists will receive the right support to ensure their success in the business world. We are glad to be part of the Ibtikari program in partnership with startAD, which, similar to us at KFED, aims to empower Emirati entrepreneurs and flourish a culture of entrepreneurship in the country. On behalf of KFED, I would like to congratulate all eight teams that presented during the pitching day. We are all proud of you. As for our six finalists, kudos to them and I wish them the best of luck.”

Through Ibtikari, KFED can further promote entrepreneurship, creativity, and innovation among UAE youth as well as boost the competitiveness of the Emirati-owned small and medium enterprises (SMEs). Al Nasri said these are in line with KFED’s mission to help accelerate the growth of startups and SMEs as well as establish a prosperous and innovative entrepreneurial ecosystem in Abu Dhabi and the UAE.  

For his part, Ramesh Jagannathan, Vice Provost of Innovation and Entrepreneurship at NYUAD and Managing Director of startAD, commented: 'startAD is continuing its impactful journey with Khalifa Fund, a strategic partner, to help build the UAE Emirati entrepreneurial capacity. The Ibtikari 5.0, a customized, 5-month incubation program to support tech-enabled startups founded by Emirati entrepreneurs is a powerful example of our partnership. We are excited to see the tremendous progress made by the startups in the last month and look forward to them becoming successful role models in the rapidly crystallizing UAE ecosystem.'

The finalists will advance to the incubation phase of the Ibtikari program. During this stage, they will undergo a series of customized training sessions, workshops, and one-on-one meetings with their Ibtikari mentors. The teams will also have an opportunity to connect with local and global corporate partners, prospective clients, and industry experts. This engagement will be staged to help them expand their networks and advance their businesses. Additionally, KFED will give the six teams grants worth AED 10,000 as well as AED 25,000 grant to one of the finalists. Their projects will also be evaluated by KFED and startAD for possible further funding.

During Ibtikari’s pitching day, the eight participating teams presented their projects before a panel of judges who evaluated the program fit and the potential or scalability of each initiative. The panelists also provided constructive feedback to the participating teams. The pitching day was held after an intensive seven-day boot camp during which the eight were taught how to best present their proposals.

The startAD-organized Ibtikari program, is powered by KFED as part of its efforts to raise the efficiency level of start-ups and SMEs. KFED supports local entrepreneurs by building their capabilities, providing them access to financing and service options, and helping expand their networks, among others.


Posted by : Dubai PR Network Editorial Team
Viewed 1922 times
PR Category : Government, Legal & Humanity
Posted on : Thursday, October 31, 2019  8:27:00 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 : Dubai Customs receives delegation from Community Development...
Next Story : Middle East fire safety systems & equipment market to grow 2...
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
Drops of Youth [13127-Views]
Go Neutral with Palladio Beauty [10876-Views]
Valentine's Gifts to Fall in Love With [10327-Views]
Reveal Your Cosmic Beauty With These Gift Sets From Wet n Wild [9980-Views]
Start the Year with Gorgeous Glowing Skin with a Little Help from DERMAdoctor [8406-Views]
The Tag Heuer Autavia [8095-Views]
Corum Admiral's Cup Legend 47 Worldtimer' [7875-Views]
Regulator at pole position [7759-Views]
Parmigiani Fleurier creates horological history with world's first wristwatch with Islamic... [7564-Views]
Dubai Jewellers Expect a Steady Sale During the 25th Dubai Shopping Festival Promotion [7052-Views]
Kanz Jewels proves to be a lucky destination for jewellery shoppers during DSF 2020. [6820-Views]
Malabar Gold & Diamonds - New Store opened in Kanpur, UP, India [6820-Views]
OMEGA Ready to Time The Winter Youth Olympic Games Lausanne 2020 [6716-Views]
The Winter Youth Olympic Games Lausanne 2020 [6692-Views]
Show your Support for Australia alongside THT – That Hair Tho [6252-Views]
Eberhard & Co. Gilda timepiece makes an extraordinary Valentine's Day gift [6039-Views]
Corum And Joachim Horsley Light Up The Folies Bergère [5191-Views]
Seha Leads Discussions in Pediatric Medicine [4776-Views]
Former United Nations Secretary-General Ban Ki-moon delivers keynote speech at inaugural G... [4764-Views]
Valentine's Day Fashion and Gifting - Steve Madden [4544-Views]
Zeitun Cosmetics Launch in UAE [4477-Views]
Spice It Up With Szechuan! Shake Shack is Celebrating the Chinese New Year With an Asian-i... [4349-Views]
Fashion and Gifting for Valentine's Day - ECCO [4002-Views]
Celebration in Bahrain for Aga Khan Award Laureate “Revitalisation of Muharraq” [3928-Views]
Marks & Spencer Welcomes Spring with its Midi Dress Edit [3880-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories