Dubai launches new start up tech competition
Company formation & Licensing Company Formation in Dubai Dubai

Got a great idea for a new startup? Dubai tourism is giving away Dhs100,000 in new Futurism Programme competition

Spearheaded by the Department of Tourism and Commerce Marketing (DTCM), the six-week, zero-equity accelerator programme taps into the creative startup community by inviting tech start-ups to the industry.

Aspiring businessmen from around the world will have the opportunity to participate in a competition and win Dh100,000 to help launch their business.

Yousuf Lootah, executive director of Tourism Development and Investments, Dubai Tourism, said: “Since the inception of the Futurism Programme in 2017, Dubai Tourism has helped shine a light on several pioneering startup businesses from around the world, supporting them to become true success stories, as their solutions have led to impactful improvements to the travel and tourism sector.

The Futurism Programme is part of the Dubai 10X initiative by the Government of Dubai to accelerate the city 10 years ahead of others.

Submission of application for this year’s Futurismwill be on by July 31, 2019.

A judging panel comprising leading technology experts, Dubai Tourism’s senior leadership and its partners across the industry, will choose the top 10 startups from all the submitted entries.

The shortlisted participants will be put through a six-week accelerator programme during which ten finalists will each be given the opportunity to finalise a pilot project with the support of Dubai Tourism, Tajawal-Seera Group, Atlantis The Palm, Emaar Hospitality Group and the Emirates Group.

The start-ups will present their unique concepts to a group of business owners, investors and venture capitalists at the Dubai Tourism stand at Gitex Future Stars.

Dubai Tourism will then announce the winning start-up and a runner-up, who stand to win a prize of Dh100,000 as the initial startup capital. In addition to licensing, the winner will receive relevant visas in Dubai, office space and the opportunity to secure potential future funding.

SOURCE

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.