coverimage
World News

Got a startup idea? Dubai to give Dh100,000 in new tech competitio

date

18-Jul-2019

Dubai: Aspiring businessmen from around the world have been invited to participate in a competition and win Dh100,000 to help launch their project.
 
Spearheaded by the Department of Tourism and Commerce Marketing (DTCM), the six-week, zero-equity accelerator programme aims to tap into the creative startup community by inviting tech start-ups to the industry.
 
Yousuf Lootah, executive director of Tourism Development and Investments, Dubai Tourism, said: "Since the inception of the Futurism Programme in 2017, Dubai Tourism has helped shine a light on several pioneering startup businesses from around the world, supporting them to become true success stories, as their solutions have led to impactful improvements to the travel and tourism sector.
 
The Futurism Programme is part of the Dubai 10X initiative by the Government of Dubai to accelerate the city 10 years ahead of others.
 
“The launch of the third edition is testament to the Programme's ongoing success and the huge interest it has gained among Dubai Tourism's partners, venture capitalists, entrepreneurs and stakeholders within the startup and tourism ecosystems. The Futurism Programme forms part of our ongoing efforts to drive Dubai's tourism industry into the digital era, ensuring the city's leading position as a global destination," said Lootah.
 
This year’s Futurism Programme invites entrepreneurs to submit their applications by July 31, 2019.
 
In a statement, Dubai Tourism said: “DTCM and its partner network will mentor and collaborate with rising stars to help identify opportunities. Then, in the final week of the programme, applicants pitch their ideas on stage at Gitex Technology Week with winners receiving a cash prize.”
 
The Gitex Technology Week will run from 6-10 October 2019, at Dubai World Trade Centre.
 
A judging panel comprising leading technology experts, Dubai Tourism's senior leadership and its partners across the industry, will select the top 10 startups from all entries submitted into the process.
 
The shortlisted entrants will be put through a six-week accelerator programme during which ten finalists will each be given the opportunity to finalise a pilot project with the support of Dubai Tourism, Tajawal-Seera Group, Atlantis The Palm, Emaar Hospitality Group and the Emirates Group.
 
The start-ups will pitch their unique concepts to a group of business owners, investors and venture capitalists at the Dubai Tourism stand at Gitex Future Stars, which will be hosted later this year.
 
Dubai Tourism will then announce the winning start-up and a runner-up, who stand to win a prize of Dh100,000 as the initial startup capital. In addition to licensing, the winner will receive relevant visas in Dubai, office space and the opportunity to secure potential future funding.
 

More Related News

Some groups of people are exempted from wearing face masks depending on factors

..

31-May-2020

Global, local stocks to continue posting weekly gains as sentiment eases, oil prices rise

..

31-May-2020

The reason they go from a single harmless locust to a group of crop killing insects

..

31-May-2020

There will be no restrictions on movement between 6am and 11pm when rule comes into effect

..

26-May-2020

Supplies of its lower cost medicines are delayed because of production issues at plant

..

26-May-2020

Starting tomorrow, operating hours will revert to normal as Dubai returns to business

..

26-May-2020

Dubai Sports Council issues guidelines, local gyms welcome reopening

..

26-May-2020

Operators try to tap any sort of domestic demand to compensate for overseas guests

..

26-May-2020

Around 6,000, including prisoners, fly home in first two phases of repatriation

..

23-May-2020

Fines up to Dh100,000 could be imposed for breaking home quarantine regulations

..

23-May-2020


Related Links_


Google ADS

Other Info_

..

Health Care

Multi Specialty medical facilities, government hospitals & private clinics

..

Education

Nurseries, Kindergardens, Schools, Colleges, Universities & Higher Education

..

Popular Restaurants

Dining in Dubai - selection of restaurants where you can relax & enjoy a variety of cuisines of choice

Jobs at Dubai_

Find latest Dubai Jobs & Vacancies from placement agencies, employers & recruitment consultants in Dubai, Abu Dhabi & other Emirates in UAE.

Dubai Tours & Packages_

Book quality Dubai tours, best Dubai holiday packages with visas & Dubai hotel booking with special offers & discounts

Warnning

Unsupported Browser

This website includes CSS elements that your browser does not support. Please upgrade your browser to a current version, then come back and try again.

Upgrade your Browser for more experience

Chrome Firefox Safari Edge