MAD Mentorpreneurs Launches its Competition in September
MAD Mentorpreneurs is a reverse mentoring program that will launch with a pitch competition taking place on September 30th, 2017. 5 startups will be selected to become mentors to local industry leaders, and will receive prizes and business support services for a period of 12 months to help kick start their businesses. So far, MAD Mentropreneurs has managed to secure prizes and support services worth over AED 4 million for the competition.
The Final Pitch & Other Workshops
The competition’s program will feature smaller events and workshops leading up to the semi-finals and finals. The final pitch competition of MAD Mentorpreneurs on September 30th will be held in Sheraa, Sharjah, where a panel of 4 judges will select 5 winners from 10 finalists.
The judges include Neil Petch (CEO of Virtuzone), Kushal Shah (Managing Partner of Roland Berger and Founder of Dubai Angel Investors), Najla Al-Midfa (Managing Director of Sheraa), and Joy Ajlouny (Co-Founder of Fetchr). Once the 5 winners are selected, they will be matched with their mentees, whom we MAD Mentorpreneurs is yet to announce.
As part of our reverse-mentoring program, a Millennial Board will be built and will include young entrepreneurs and thought leaders from the UAE, as well as internationally. The program will also feature a 2-part event – imagine Shark Tank meets The Voice.
The Reverse-Mentoring Program
The reverse-mentoring program will consist of mandatory monthly meetings between the mentor and mentee, or the startup and the mentee’s corporate departments, with opportunity for a more thorough interaction as agreed between the two parties. The idea is to help corporations self-disrupt within the organization, and gain a fresh perspective into current practices and trends, while the young mentor gains insight into the large business ecosystem and massive opportunities through the mentee’s networks.
The Candidates’ Training & Mentoring
The competitors come from over 20 countries, and industries ranging from hospitality and F&B to blockchain. They will receive the mentoring and help of MAD Mentropreneurs’ partners to grow their businesses, move it forward, and provide financial, cloud, legal, digital marketing, and other services, as well as access to investor networks.