Dubai Smart City Accelerator - Launched
H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority, Chairman of Emirates Group, and Chairman of Dubai Silicon Oasis Authority, DSOA, launched today 'Dubai Smart City Accelerator', the first of its kind in the MENA region, within DSOA’s Dubai Technology Entrepreneur Centre, Dtec.
What’s the Accelerator’s Mission?
The accelerator program, based on smart city technology, is targeting startups that are developing innovative solutions to help make cities smarter and overcome significant challenges due to congestion, waste, and energy. It will also aim to identify solutions within smart homes and buildings, smart transportation and logistics, smart living, as well as smart urban planning and maintenance.
What Will the Startups Receive?
The program will run over a period of three years with a total of 40 startups; those accepted will receive the Startupbootcamp acceleration package benefits including office space in Dtec, consultation and advisory support, as well as access to Startupbootcamp and its partner organizations and $20K in cash, all for a 6% equity stake in the venture. Once completed, the startups will join Startupbootcamp’s global alumni network consisting of some 400 enterprises from more than 50 countries worldwide.
Who are the Accelerator’s Partners?
The program has been launched by the DSA with six strategic partners - Smart Dubai Office, SDO, Dubai Chamber of Commerce and Industry, Dubai Chamber, Roch ester Institute of Technology New York, RIT New York, Orange Business Services, and Visa, injecting a total investment of AED18.4 million into setting up the programme. It will be operated by Startupbootcamp, the global network of industry-focused startup accelerator.