Dubai Smart City Accelerator aims to work with 40 start-ups

Dubai Smart City Accelerator aims to work with 40 start-ups

Dubai: Dubai Silicon Oasis Authority (DSOA), which aims to facilitate solutions to create a “smart” city, launched Dubai Smart City Accelerator at Dubai Technology Entrepreneur Centre (Dtec) on Wednesday.

The Dubai Smart City Accelerator, which is the first of its kind in the Mena region, was set-up with Dh18.4 million investment from six strategic partners which include the Emirates Integrated Telecommunications Company, du, Smart Dubai Office, SDO, and the Dubai Chamber of Commerce and Industry, Dubai Chamber. Shaikh Ahmad Bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman and CEO of Emirates airline and Group, in his capacity as Chairman of Dubai Silicon Oasis Authority (DSOA), not only inaugurated the largest hub in the Middle East but also the accelerator’s portal to enable interested start-ups and entrepreneurs to apply for the programme.

 The Dubai Smart City Accelerator, to be operated by Startupbootcamp, is to be run over a period of three years with a total of 40 start-ups, those accepted into the programme will receive Startupbootcamp acceleration package benefits including office space, consultation and advisory support, as well as access to organisations and $20,000 (Dh73,400) in cash — all for a 6 per cent equity stake in the venture.

Network

Once completed, the start-ups will join Startupbootcamp’s global alumni network consisting of some 400 enterprises from more than 50 countries worldwide.

The agreement was signed by Dr Mohammad Al Zarouni, Vice-Chairman and CEO of DSOA; Majid Saif Al Ghurair, Chairman, Dubai Chamber of Commerce and Industry; Osman Sultan CEO du; Younus Al Nasser, Assistant Director General of the Smart Dubai Office; Kamran Seddiqi, Visa Group Executive for Central and Eastern Europe, Middle East and Africa; Luc Serviant, Senior Vice President, Middle East & Africa, Orange Business Services; Dr James H. Watters, Senior Vice President of Finance and Treasurer at RIT New York and RIT Dubai board member; and Carsten Kolbek, CEO and Founder of Startupbootcamp.

The accelerator programme is targeting start-ups that are developing innovative solutions to help make cities smarter and overcome significant challenges due to congestion, waste, and energy.

 Source: Gulf News

Latest News
MAGNiTT's MENA Funding report shows strengthening of the MENA startup ecosystem with more deals in the first 9 months of 2017 than in the full year 2016!
DSOA to Host First-of-its-kind Islamic Lifestyle Mini Bootcamp
Set to be organised from 12 to 16 November, the mini bootcamp will be run by Rainmaking Innovation, the umbrella company of Startup MENA and Startupbootcamp, the global network of industry-focused startup accelerators.
Yalla Pickup wants to be the ‘Careem for pickup trucks’ in UAE & beyond
Ask anyone about the most frustrating part of moving to a new apartment and the answer will be: finding a reliable home moving service in the Middle East. That is the problem Yalla Pickup is trying to solve. Read on for their story.
Finalists revealed for Arabian Business StartUp Awards 2017
The finalists for the Arabian Business StartUp Awards 2017 have been unveiled and will recognise the region’s outstanding entrepreneurs, investors, accelerators, mentors, SMEs, funding initiatives and start-ups on Tuesday 24th October in Dubai.