Back for its fourth annual cycle, the esteemed competition gives entrepreneurs the opportunity to become part of Dubai Government’s Strategy to elevate the city into a global platform for Innovation focused businesses. Following last year, we open the competition to startups who have solutions in the fields of Blockchain, Artificial Intelligence, and Digital Transformation. Open to all entrepreneurs based or planning to move to the UAE, participants are required to submit their business ideas in line with these categories. The entries will be critiqued by a high-level judging panel. Participants who qualifies will attend two full-day workshops on mentorship, building relationships, and developing a full business plan. The first three winners will also receive a cash prize and the opportunity to join a number of the Dubai Startup Hubs annual programmes.
Full Criteria and eligibility for entering can be found under the submit your application page.
Following last year’s categories that continue to be key drivers in Dubai’s Strategy to become the City of the Future, here you will find a little more detail on the themes:
And almost overnight, Blockchain arrived in full force. Cutting out the middle man for transactions, the technology can be programmed to record virtually everything of value. With this comes huge potential to radically change the financial service sector and transform the way transactions are carried out. The most popular application today is undoubtedly cryptocurrency, but Blockchain could be used for everything from data management to regulatory compliance, auditing, smart contracts, quality assurance, securities and commodities trading to voting.
It’s clear AI is revolutionizing businesses across the globe and the UAE being the first country around the world to have an AI minister of state, the theory and development of computer systems to be able to perform tasks normally requiring human intelligence, such as visual perception, speech recognition, decision-making, and translation between languages is here and has been for some time. Now, businesses can practically apply these solutions in the workplace with chatbots, virtual assistants, machine learning contracts, vision systems to name just a few. AI is the latest in technologies that can allow us to produce a greater number of goods and services with less labor.
The essence of digital transformation is the creation of new business and growth models leveraging existing and emerging technology, take Siri and Alexa as prime examples of how traditional consumer service has been disrupted by voice and visual, offering consumers a more intuitive way to interact with everyday technology. Today anything from ordering groceries to saving lives can be taken care of in a rapid, hands free manner
WHAT’S UP FOR GRABS IN SMARTPRENUER 4.0
Total in prize money for Top three finalists
Top 10 Startups:
Opportunity to meet potential partners and investors during the final ceremony
Top 50 Startups:
Benefit from 2 days training
Startup Support Package:
Overseas Trade Missions, Dubai Chamber Events and trainings
Top 50 results will be announced on the 28th of March 2019