Dubai Chamber Launches 4th Annual Dubai Smartpreneur Competition
The Dubai Startup Hub has launched the fourth round of its annual Dubai Smartpreneur Competition.
The competition is open to all entrepreneurs living in the UAE and seeks to engage young entrepreneurs in Dubai’s strategic initiatives, and empower them to participate in the Dubai Government’s strategy, and plans to establish the emirate as a prime international destination for innovative startups.
The competition, an initiative by the Dubai Chamber in collaboration with Smart Dubai, is in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, Ruler of Dubai, to transform the emirate into the world’s happiest and smartest city.
The Dubai Startup Hub is an initiative launched by the Dubai Chamber of Commerce and Industry in collaboration with Smart Dubai to support entrepreneurship.
His Excellency Hisham Abdullah Al Shirawi, 2nd Vice Chairman, Dubai Chamber, said in a statement at the launch event on Monday that the innovative Dubai Startup Hub initiative was launched as the Dubai Chamber became increasingly aware of the need to expand its support for entrepreneurs in the emirate and further promote innovation.
He added that the Dubai Smartpreneur Competition aims to empower young entrepreneurs, encourage them to think beyond traditional business models and limitations, engage them in the Dubai Government’s strategy, and include them in the efforts to realise Dubai’s vision for becoming a full-fledged smart city.
Candidates interested in participating in the Dubai Smartpreneur Competition are invited to submit their business ideas that resonate with Dubai’s future-focused, technology-driven vision, which embraces advanced breakthroughs such as Blockchain, artificial intelligence, and digital transformation.
To apply, visit www.dubaichamber.com/dubaistartuphub/smartpreneur
Applications will be evaluated by a judging panel of experts from Dubai’s business and entrepreneurship community to select three winners, who will receive a monetary prize, in addition to training, support, and guidance to help them transform their ideas into concrete projects.
The competition’s programme includes a set timeline of training and guidance stages where candidates are introduced to the application procedure, as well as the programme’s terms and conditions.
Participants will then present their business ideas to be evaluated, the most promising of which will be shortlisted and receive further support. The final stage will see the top three candidates selected, trained and guided before the final winners are announced.
Entrepreneurship and innovation are key pillars of the Dubai Chamber’s strategy, His Excellency Al Shirawi said, reaffirming the Dubai Startup Hub’s role in attracting innovators from around the world to help Dubai’s business environment stand out and establish it as the city of the future.
In 2015, the Dubai Chamber launched its innovation strategy in line with its mission to represent, support and protect the interests of the business community in Dubai. It has also been working towards supporting entrepreneurs through its Tejar Dubai entrepreneurship development programme, which identifies and develops the business ideas of Emirati entrepreneurs.
Launched by the Dubai Chamber in 2016, the Dubai Startup Hub is the first of its kind initiative in the Middle East and Africa region and will come under the Smart Dubai umbrella, representing a unique partnership between the public and private sectors to foster innovation and entrepreneurship.
Meanwhile, the launch ceremony included two panel discussions, one of which brought together winners and candidates from the competition’s previous edition, including Ishita Sood, COO and Co-founder at WakeCap Technologies; Walied Al Bashir, Founder of Intuition AI; and Abdul Matheen Yousef, Founder of Airspace Blockchain Co.
The second panel presented entrepreneurship experts in Dubai, namely, Rami Sarieddine, Senior Technical Evangelist at Microsoft; Perm Kamath, Director of Digital Experience and Strategy Leader at Ernst & Young; Tariq Al Zubair from OTC Supply; and Ian Norville, Head of MENA Division at Norbloc.
Dubai-based entrepreneurs can connect with the Dubai Startup Hub to tap into a pool of resources as well as remain up to date with technology-related jobs in the city, view a city-wide tech events calendar, and receive continuous updates and breaking news stories.