Dubai PR Network, Online Press Release from Dubai and Middle East
 
Business and Economy
Filter PR by
  
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 21837 times
PR Category : Business and Economy
Posted on : Tuesday, July 5, 2022  9:24:00 AM UAE local time (GMT+4), useragent : Web Device
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com. Check our Privicy Policy.
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

 
 
Most Viewed Press Release posted in the last 7 days
essence launches Fondation Stick: A New Take on Makeup, Friendship, and Sharing Moments To... [47658-Views]
Riyadh Air places firm order for 25 Airbus A350-1000 aircraft [46646-Views]
AviLease orders Airbus A350F freighters and A320neo Family aircraft [43923-Views]
EGYPTAIR discloses order for an additional six Airbus A350 aircraft [34050-Views]
African Energy Week (AEW) 2025 to Host Dedicated Energy Finance Track [31697-Views]
EASA and IATA publish comprehensive plan to mitigate risks of GNSS interference [29651-Views]
CASIO Middle East & Africa Marks Six Decades of Calculator Legacy [20766-Views]
Bigger Thrills and Better Rewards Await You This Dubai Summer Surprises at Mercato & Town ... [18737-Views]
HSA Group Appoints Mr. Dirhem Abdo Saeed as Chairman of the Board [14998-Views]
UAE's Ministry of Defence Strengthens its Environmental Credentials with Tabreed and Emerg... [9799-Views]
MBZUAI and SUAD partner to advance AI research and responsible innovation [8622-Views]
Hospitality Advisory Council discusses new national initiatives to boost growth and employ... [8577-Views]
UAE Participates in the 46th Ministerial Council Meeting of the OPEC Fund for Internationa... [7614-Views]
Hudayriyat Island becomes Abu Dhabi's new home of world-class tennis with the opening of t... [7298-Views]
Miqyas Al Dhad Completes Arab World's Largest Field Survey Ahead of Launching First Compre... [7265-Views]
Kuwait celebrates National Day at Expo 2025 Osaka with a striking showcase of culture, vis... [6068-Views]
KFED and ADPIC sign strategic agreement to collaborate on infrastructure development in Ab... [5687-Views]
Gear Up For The Ultimate Shopping Experience This DSS Shop, Win & Drive Away In a Brand-Ne... [5523-Views]
Van cleef & arpels ballerinas exhibition at les salons dubai opera until june 30th, 2025 [5445-Views]
Ferrari wins third consecutive 24 hours of le mans [5215-Views]
Tadej Pogačar wins stage 6 of Dauphiné and reclaims yellow jersey [5162-Views]
e& strengthens global lead with triple win at GCCM Europe 2025 [5109-Views]
Al Madina Summer Fest Attracts Shoppers Across UAE with Over 10,000 Free Trolleys [4957-Views]
Panasonic awarded Best Brand in Customer Experience at Oman CX Forum 2025 [4928-Views]
Tadej Pogačar lays down a marker at Critérium du Dauphiné [4785-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
Back to Section Home

Related Stories

 
Top Sections
 
Top Stories