Khalifa Fund and startAD launch incubator to support Emirati tech start-ups
By The National Staff
Abu Dhabi is offering Emirati entrepreneurs a six-month incubator programme to support their tech ventures, as the UAE seeks to diversify its oil-reliant economy by developing the local start-up scene.
Ibtikari will select five teams through an evaluation process that begins with an online application and in-person interview. Winners will be selected based on their proposed concept, the project’s potential market reach, as well as its prototype or proof of concept. Applications are now open until the final deadline of August 31.
The programme will include mentorship, network introductions and investment evaluation. Participating teams will initially be required to attend a series of training sessions and one-on-one meetings with Ibtikari's mentors.
Organisers will facilitate introductions to key corporate partners, prospective clients, and experts in the industry locally and in New York City to help startups expand their network and advance their businesses.
Participants will also be considered for potential financial and non-financial support from Khalifa Fund if they meet the criteria.
The third phase will focus on investment evaluation, with startAD’s advisers meeting the teams to provide feedback on their business models and the external investments it might be likely to attract.