The Dubai Future Accelerators (DFA) program was launched in 2016 by HH Sheikh Hamdan, the crown prince of Dubai, Chairman of the Executive Council and Chairman of the Board of Trustees of the Dubai Future Foundation.
So what’s DFA all about?
Dubai Future Accelerators is a global platform that acts as a synergy between the government entities of Dubai and the private companies, startups to work together on solving problems, whilst employing new technology with a mission to empower Dubai’s economy – at the same time creating opportunities for private companies and startups across the globe.
DFA – Cohort 6
On June 22, the Dubai Future Foundation made an announcement about its 6th cohort of Dubai Future Accelerators program which is about to be started soon. A total of 30 regional and global companies across 16 countries will be joining the program.
- 6 companies from the United Arab Emirates
- 5 from the United Kingdom
- 3 from the United States
- 3 from Spain
- 2 from Denmark
- 2 from Poland
- And the rest from Finland, France, India, Chile, Japan, Singapore, Sri Lanka, Spain, Sweden and Ukraine.
These companies have been selected to work with government entities in Dubai including:
- Dubai Electricity and Water Authority
- Dubai Roads and Transport Authority
- Dubai Health Authority
- Dubai Municipality
- Dubai Knowledge and Human Development Authority
- Dubai Police
- Etisalat Digital (A telecom service provider)
Details of DFA – Cohort 6
It is going to be a 9-week program structured into 8 stages facilitating the collaboration between government entities and companies. The program will involve a series of workshops, mentorship sessions and cultural activities.
Benefits:
- Game-changing partnerships with top-level of government.
- DFA takes zero equity in your business.
- Roundtrip airfare to Dubai and paid accommodation.
- State of the art creative workspace and access to prototyping equipment.
- Mentorship program.
- Scaling your access to a 2 billion people market.
Process:
Stage-1: Start
Companies meet one another and the government partners during an opening ceremony, and learn more about the program and its aims during orientation.
Stage-2: Discovery
Government partners introduce companies to key personnel and provide site tours of their facilities. Both begin discussing areas of opportunity and brainstorming ideas; companies provide proof of theircore technologies.
Stage-3: Development
Companies and government partners explore specific ideas for pilot project proposals. Government partners ensure companies have access to relevant expertise and data in order to fully develop their proposals.
Stage-4: Delivery
Having jointly prepared a pilot project proposal, companies pitch their proposal to the relevant stakeholders and decision makers within the government partners.
Stage-5: Feedback & Iteration
Government partners provide constructive feedback to the companies within seven days. Both work together to iterate and improve the proposal, discussing and negotiating scope and cost.
Stage-6: Decision
Government partners agree or decline to proceed with an MOU (or other commercial agreement) by the end of week 7 at the latest.
Stage-7: Drafting
Government entities and companies work together to draft an agreement (defining required resources, timelines and key deliverables).
Stage-8: Conclusion
Government partners and companies attend a closing ceremony where agreements are signed. Next steps for contracting and delivery of the proposal are discussed and agreed.
So that’s it from our side, for more details, please visit: DubaiFutureAccelerators.com ➜
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