ⓘ Featured image credits: Entrepreneur.com
▸ The 30 participants will join a 4-week academy in June to work with Dubai’s top entrepreneurship trainers to understand everything that is required to build successful ventures and to explore opportunities
Dubai Startup Hub which is an entrepreneurship initiative of Dubai Chamber of Commerce & Industry and Dubai Technology Entrepreneur Campus (Dtec) yesterday (March 31) announced the selection of 30 Emirati entrepreneurs who will participate in their joint Emirati Development Programme Training & Mentorship Academy. The 4-week program is projected for June 2020. The selected entrepreneurs notably have a great gender mix i.e. female-male ratio of 40-60 percent.
The academy provides a 2-module program encompassing specialised training and mentorship support and will cover critical topics like how to develop an effective business model, practical tools and strategies for generating sales and in-depth pitching training. A pitch competition will also be conducted in the academy for the 30 selected entrepreneurs out of which 5 winners will be chosen for one-to-one comprehensive mentorship support.
Natalia Sycheva, Manager of Entrepreneurship at Dubai Chamber in a press statement shared that the academy’s focus is to empower young Emirati citizens and contribute towards the growth of the private sector in the region. Overall, the program enables Emirati youth to start their own businesses or join innovative private sector companies.
“The Emirati Development Programme received a high number of submissions and succeeded in attracting ambitious Emirati entrepreneurs and owners of startup projects of all ages. Sixty percent of the applicants had not received or previously participated in trainings and workshops on entrepreneurship – the participation of these new entrepreneurs highlights that Dubai Startup Hub is a first-choice primary destination for those wanting to create innovative business ventures in our market. The program reflects the commitment of Dubai Startup Hub to support young citizens and activate their role and contribution to the growth of the private sector,”
She further shared more about the industries and nature of projects across 30 selected Emirati entrepreneurs,
“From the applications received, we have selected 30 Emirati entrepreneurs to participate in the Emirati Development Programme in the Training & Mentorship Academy, with half (15) having business ideas that are yet to be converted into actual projects. The rest have started their commercial projects, with a number of these in the fields of advanced technologies, such as robotics, 3D printing and drone manufacturing, with others encompassing consumer goods and education and sustainability solutions,”
Hans Henrik Christensen, Vice President of Dubai Technology Entrepreneur Campus (Dtec), said,
“Investing in our youth and guiding them for the future is a top priority for Dtec. We are proud to collaborate with Dubai Chamber of Commerce & Industry to provide training and guidance to Emirati entrepreneurs that will enable them to plan and implement innovative and high-quality solutions, especially within the technology industry. We are also pleased to award the winners with the required support, facilities and strategic council as part of Dtec Ventures, to scale up their projects in the future. This includes a flexi-desk setup at Dtec for one year for the first winner and 6 months free access to Dtec’s coworking space for the four other winners.”
Sharing the benefits of the Emirati Development Programme Training & Mentorship Academy, Christensen added,
“Dubai Silicon Oasis provides the ideal environment for startups and entrepreneurs. The various workshops that we organise throughout the year also motivate youth to be creative and inventive and hone their skills. These skills help them maximise their potential and capabilities as they grow their businesses and contribute to the country’s development process at various levels.”
About Dubai Startup Hub
Dubai Startup Hub was established by Dubai Chamber in 2016 as an initiative to emphasise value for the public and private sector collaboration to encourage innovation and entrepreneurship in Dubai and the UAE.