Dubai PR Network, Online Press Release from Dubai and Middle East
 
Business and Economy
Filter PR by
  

Standard Chartered and DIFC Innovation Hub Award Top Three UAE Women Entrepreneurs at the Women in Tech Accelerator Programme

 
Standard Chartered and DIFC Innovation Hub Award Top Three UAE Women Entrepreneurs at the Women in Tech Accelerator Programme

Standard Chartered awards Intella, The Waste Lab and Wellx a total of USD 100,000 in equity-free seed capital 

Dubai, UAE; 2 November 2023: Standard Chartered’s fifth cohort of the Women in Tech accelerator programme, launched in partnership with DIFC Innovation Hub, has awarded a total of USD 100,000 in equity-free seed capital to the top three female-led tech startups in the UAE.


The first-place winner, Nour Taher, Co-founder and CEO at Intella, whose company bridges the gap between global AI advancements and the Arabic speaking world by building and fine-tuning machine learning models for dialectal Arabic, received USD50,000; second-place winner, Lara Hussein, Co-founder and CEO at The Waste Lab, which specialises in nature-based composting, secured USD30,000; and the third-place winner, Dr. Anushka Patchava, Co-founder and Chief Product Officer at Wellx, a hyper personalised digital insurance solution combining health, wellness and prevention to reduce claim cost and increase population health, was awarded USD20,000. 
Rola Abu Manneh, Chief Executive Officer, Standard Chartered, UAE, said: “At Standard Chartered, we firmly believe that a diverse and inclusive economy is the cornerstone of progress. It is with this conviction that we launched the Women in Tech accelerator programme, which aims to champion the innovative spirit of women and increase their participation in the sector. This initiative embodies our unwavering commitment to cultivating an inclusive and innovative economy and lays the foundation for a future in which women play a pivotal role in shaping the technological landscape. These remarkable female-led start-ups, we support, exemplify the limitless potential of women in the sector, and we are thrilled to be part of their journey towards success.” 


Mohammad Alblooshi, Chief Executive Officer of DIFC Innovation Hub, added: 'Congratulations to the winners and all the outstanding participants of the Women in Tech programme in partnership with Standard Chartered. The Bank’s programme strongly aligns with our mission at DIFC Innovation Hub to drive economic growth through innovation, enterprise, and talent development, particularly in forward-looking industries. We wish all founders of the 2023 cohort every success as they continue to innovate, evolve and grow alongside DIFC’s community of over 800 dynamic FinTech and Innovation firms.”
Launched in July this year, Standard Chartered’s Women in Tech accelerator programme is designed to drive sustainable growth and empower women entrepreneurs in the UAE’s technology sector, fostering innovation, diversity, and economic development. The programme provides unparalleled support, mentorship, and access to seed capital to propel the success of women-led start-ups.


During the concluding Demo Day event, 11 female-led entrepreneurial teams showcased their innovative business models to a distinguished panel of potential investors, industry experts, and thought leaders. The shortlist of the fifth cohort included Tekeya, Savii, Sav, Wellx, Play:Date, Mamahood, Hoopla, Monak e-services, The Waste Lab, EcoCentric, and Intella.


The entrepreneurs embarked on a 7 week transformative journey and benefited from a comprehensive curriculum featuring tailored training, immersive workshops, and invaluable mentorship opportunities designed to address their specific needs.


Standard Chartered’s Women in Tech programme is geared towards empowering female entrepreneurs to confront the challenges as they grow their impact-driven businesses across the region. To date, Standard Chartered UAE has accelerated four cohorts, comprising of more than 20 start-ups, who have collectively raised over USD5 mn from various venture capitalists to expand their businesses within and outside of the UAE. The campaign is part of a global Women in Tech initiative, and the programme operates successfully in nine countries, creating a powerful global network of empowered women in the tech space.


Posted by : DubaiPRNetwork.com Editorial Team
Viewed 14362 times
PR Category : Business and Economy
Posted on : Thursday, November 2, 2023  5:06:00 PM 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 : LG Announces Third-Quarter 2023 Financial Results
Next Story : Union Coop Signs Memorandum of Understanding with Smile Trai...
Email this article Print this article

Share this article with your friends and followers
NewsVine
 
 
Most Viewed Press Release posted in the last 7 days
Fall-ing for Benefit Cosmetics: How to Nail the Autumn Look, even if It's Still 35°C [47503-Views]
SITA and AACO advance on collaboration to tackle aviation's toughest sustainability challe... [41570-Views]
IATA to Offer Digital Currencies in Financial Settlement Systems [40360-Views]
Cathay Pacific celebrates the launch of direct passenger flights between Hong Kong and Riy... [25449-Views]
Persil Shampoo Pioneers Fabric Sustainability Revolution with High-Care Rebrand [11353-Views]
IATA and ASA Strengthen Cooperation [8958-Views]
Mohammed Bin Rashid Library Offers Visitors a Rich Cultural Agenda [7470-Views]
Experience Halloween @ Emirates Park Zoo & Resort - “Creepy Carnival” [6720-Views]
Hotpack Global conducts Breast Cancer Awareness session [6667-Views]
Under the patronage of His Highness Sheikh Theyab bin Mohamed bin Zayed Al Nahyan Regional... [6667-Views]
MoHAP launches National Supplementary Measles Immunization Campaign 2024 in Cooperation wi... [6457-Views]
Taiwan Excellence Unveils 16 Semifinalists for "Go Green with Taiwan" [6367-Views]
Dubai College of Tourism Partners with Coursera to Expand Access to Hospitality Education ... [6191-Views]
DSBK Racing Launches the 2024-2025 Middle East Championship at Dubai Autodrome, Setting th... [6179-Views]
NBF posts a strong 39.3% net profit before tax growth to AED 715 million in the first nine... [6023-Views]
25 International & Local Sports Events to take place in Dubai during the Weekend [5949-Views]
Mashreq's 9M 2024 Profit Before Tax Rises 9% YoY to AED 6.5 Billion, reflecting strong bus... [5879-Views]
Diwali delights served onboard and in lounges for Emirates' customers [5814-Views]
Celebrate The Festive Season with Personalized Style at Piece Of You! [5744-Views]
DWTC to Host an exciting Line-up of Conferences, Trade Shows and Exhibitions this November [5658-Views]
GulfHost 2024 Set to Ignite the Future of Hospitality and Foodservice in MENA [5572-Views]
DXB achieves top sustainability milestone with global accreditation [5502-Views]
UAE Team Emirates Claims UCI Crown for Second Successive Season [5490-Views]
The Festival Of Lights Dazzles Dubai With Its First Week Of Spectacular Citywide Celebrati... [5092-Views]
Stellantis Reports Lower Q3 2024 Net Revenues Amid Transitional Period of Product Upgrade... [5084-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
Back to Section Home

Related Stories

 
Top Sections
 
Top Stories