GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Banking and Investments

 
  Share
  • btikari is a six-month incubator aimed at helping technology startups advance their businesses
  • The new partnership will offer chosen teams an updated version of Ibtikari, which will mark its fourth edition this year

Abu Dhabi, July 4, 2018:   startAD, the innovation and entrepreneurship platform anchored at NYU Abu Dhabi, has partnered with Khalifa Fund for Enterprise Development for the first time to present an updated version of Ibtikari (My Innovation).

The fourth edition of Ibtikari will be an intensive six-month incubator aimed at helping UAE nationals advance their technology startups. Scheduled to take place between September 30, 2018 and March 31, 2019 at NYU Abu Dhabi, Ibtikari is open to startups with at least one UAE national partner. Five teams will be identified through a rigorous evaluation process which will include an online application and in-person interview. They will be selected based on their proposed concept, the project's potential market reach, as well as its prototype or proof of concept. Applications are now open and available on this website [ibtikari.startad.ae]; the final deadline is August 31, 2018.

The new structure will include three distinct phases: mentorship, network introductions, and investment evaluation. Participating teams will initially be required to attend a series of training sessions and one-on-one meetings with Ibtikari's mentors. The program's organizers will then facilitate introductions to key corporate partners locally and at Silicon Valley, prospective clients, and experts in the industry to help startups expand their network and advance their businesses. Participants will also be considered for potential financial and non-financial support from Khalifa Fund if they meet the fund criteria.

The program's third phase will focus on investment evaluation; startAD's investment advisors will schedule regular meetings with the teams to provide detailed feedback on their business model and external investments it could likely attract. The five selected finalists will be given access to startAD's prototyping facilities and coworking space at NYU Abu Dhabi throughout the duration of Ibtikari.

NYU Abu Dhabi Research Professor of Engineering, Vice Provost for Innovation and Entrepreneurship, and startAD Managing Director Ramesh Jagannathan said: “startAD is an innovation and entrepreneurship program solely focused on helping to build the Abu Dhabi and the UAE ecosystem by building local capacity. Local corporate leaders in aviation, energy, shipping, transportation, logistics, and finance play an integral role in sourcing startups, validating their business model, and accelerating their success. By partnering with Khalifa Fund to present a revamped edition of Ibtikari, our goal is to equip startups, particularly UAE nationals, with the necessary tools to help them convert their technologies into products and services. Strategically aligned with Abu Dhabi's 2030 vision to emerge as an entrepreneurial economic leader globally, we are looking forward to working closely with talented Emirati startups from the region.”

Abdullah Saeed Al Darmaki, Chief Executive of Khalifa Fund said: “The technology sector is one of the most promising investment sectors despite the high competition from global companies. Khalifa Fund has always been at the forefront of empowering Emiratis to stimulate their abilities, explore their talents, and raise their efficiency to serve the country's growth. The Fund will provide all the possible support to ensure the success of all Ibtikari startups that meet the financial requirements and conditions of the Khalifa Fund. The Fund works to build the values of leadership, creativity, and innovation among various Emirati segments and works on encouraging them to adopt these concepts and transform them to permanent behavior when planning to establish their own businesses.”

Ibtikari is one of Khalifa Fund's core initiatives supported by startAD, which aspires to strengthen the entrepreneurial ecosystem in the UAE and enable the development of technology startups in emerging and significant local industries such as energy, aviation, logistics, fintech, and smart transportation.



Posted by : GoDubai Editorial Team
Viewed 4087 times
Posted on : Wednesday, July 4, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : MEFMA records key milestones in efforts to boost sector's growth during H1 2018
Next Story : DED Ajman's business confidence index score reaches 116 points during Q1 2018
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Cerruti 1881 Infinite Love
Oh, Sweetie Lipcolour!
Travel Light with Beauty Essentials from Glambeaute.com
Innovative Chronofighter Superlight Carbon is replete with Graham's formidable m...
Jaeger-Lecoultre Main Sponsor of the 75th International Film Festival of La Bie...
Marchon Eyewear and G-III Apparel Group Sign Exclusive Global Licensing Agreemen...
Tissot T-Race Cycling An adrenaline-fuelled ride
DKNY Fall 2018
Tommy Hilfiger Dressed Up Collections
Etihad Airways Celebrates President Xi Jinping's Visit With a Series of Cultural...
Summer Love by Mouawad
Huawei's New Range of Artificial Intelligent Smartphones Set to Change Your Self...
An Insight Into Easyshopping.ae
Canvas on Wrist – Swatch Partners Up With Riksmuseum
A New Watchmaking Encounter in Pink Gold at the Venice International Film Festival
DS Podium Chronograph - Sporty as ever, now with PrecidriveTM
The Maison Chaumet opens an exclusive pop-up at The Dubai Mall
Introducing Salvatore Ferragamo's Men's Sun and Optical Capsule
From skin to comprehensive aesthetic care: a 15-year journey called Kaya Skin Clinic
Go Down Memory Lane with Fashion Trends from the '90s
Inspired by legends, worn by new heroes, PUMA FOOTBALL brings you the AC MILAN 2...
Before we say Goodbye to Flamingoes and Pineapples, Celebrate Summer 2018 with k...
Dubai Camel Racing Club Honours Al Tayer Motors
The wide-awake, doe-eyed look
GUESS Launches Fall 18 Handbags
Enjoy DSS 2018 Offers at Parah
Accessing The Internet In Dubai: All You Need To Know
Your Baby and Child Travel Essentials Covered with Five Little Ducks
Ferrari's turbo-charged V8 is voted the best engine of the last 20 years
Hyperloop Transportation Technologies to Build China's First Hyperloop System
Michelin introduces the new MICHELIN PRIMACY 4 in GCC region
Pottery Barn Kids launches new ‘Back-to-School' collection
UAE Team Emirates' Alexander Kristoff Narrowly Misses Out on a Stage Win in a Ti...
Beat the Heat with these Summer Essentials
6-Day SCTDA Tour Guide Training Program Conducted by SUC
Danfoss celebrates the young engineers who participated in the EmiratesSkills Na...
PCFC and GDRFA helped 511 employees tie the knot over last 7 years
One Day Course in Dealing with and Managing Difficult Stakeholders
Rashid Hospital doctors save sea captain's life using a highly sophisticated pro...
Dubai Health Authority discusses collaboration with British healthcare firms.
Brunch with the Girls this Summer
MG Motor introduces new MG GS 2019 to the Middle East
IKEA Announces Upcoming Global Collections and Collaborations for 2019
Ensure clean and pure air in your home this summer
Roger Dubuis and Lamborghini Squadra Corse thrill visitors with enthralling Harr...
Finnair recognized as the ‘Best Airline in Northern Europe' for the 9th year in ...
Dragon Mart celebrates UAE-China Week with exciting line-up of traditional Chine...
Shop & Win this Weekend with Unbeatable ‘Unbox the Amazing' Deals and Promotions...
The Dubai Business Women Council looks to enhance economic relations with Serbia
Sharjah continues to become more affordable, with rents and sales prices falling...