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 5996 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
Global brands with lowest cost at Karama Ware house sale from this Thursday
Glam's Makeup Launches in the Middle East
Review: Facial with Dr Renaud's range at Nazih
Glasshouse Collection from Olivia Burton
Hour Choice presents Coach New York Collection
Prevention, Not Cure: Kaya's ‘Hair Strength Therapies' Set to Rid the Gulf of it...
Matthew Fitzpatrick Wins the 2018 Omega European Masters
Executive Tourbillon Free Wheel
Introducing New Make-up From Rodial That You Need In Your Kit
Australia's Number No.1 Natural Skincare Brand* Partners With Jessica Kahawaty
Rado reimagines a bold 1960s classic for the 21st Century
Scuderia Ferrari presents Fall winter collection
Kate Spade New York Presents Debut Collection From Creative Director Nicola Gla...
Introducing VK Beauty Lounge & Bar
Alina Anwar Couture Launches in UAE
Introducing Home Fragrance at Robinsons, Dubai Festival City
Rolls-Royce Motor Cars Takes the Luxury of Privacy to a New Level
British Classics Make a Comeback in Jack Wills AW18 Collections
Tata Communications Strengthens Cyber Defence in the Middle East with the Launch...
Facebook Launches Community Help on Facebook Lite
NARS Erdem SS19 Beauty Report
Bring a Touch of Sophistication to Your Home with The Exclusive SmegXDolce&Gabba...
Dubai Culture Organises ‘Writing Literature Novels and Editing them as Play Scri...
Roberto Cavalli's Exclusive Duo of Fragrances
Defying Age With Skin Republic's Gold and Platinum Face Masks
Diana Arno Expands Online Shopping to Middle East
‘Unseen Potential' - Art from Scrap and Discarded Parts
Ferrari World Abu Dhabi invites guests to enjoy the spectacular Friends & Family...
CNN's Inside the Middle East explores the region's evolving photography scene
New Google Search feature launches for job-seekers in Arab world
Lacoste.12.12 Collection
Honda voted “Preferred Sedan Car Brand of the Year” for the fourth year in a row
The Future Is Here
Trevor Sorbie Range Relaunches in the UAE
Al-Futtaim Toyota's Upgrade campaign brings back the hottest car deals
Al-Futtaim Toyota swoops another win at the Filipino Times Awards
Sheikh Zayed, the First Falconer and Nature Protector
Your skin needs more than just sunscreen
William Collection by Hugo Boss
UHOA goes live with #YouBeUganda at Expo 2018
PAN Emirates bedroom festival with discount up to 70%
Carl F. Bucherer Celebrates Debut of Its Online Boutique on Jd.Com Launch of Lim...
Mousses Etoiles to reveal the latest luxury designs of commercial-use outdoor fu...
Why the Modern-Day Oil and Gas Industry Needs Millennials to Survive?
Afghanistan Premium League T20 (APLT20) Draft 2018
Al-Futtaim ACE DIY and Home Security promotion
GROHE Smart Home: The App-Controlled Water Security System
MEAF gets the UAE community involved to commemorate World Arthritis Day
Tata Communications launches a specialised cyber security lab at Shanmugha Arts,...
Harmony and Sustainability Define Ideal Standard's ‘Esedra' Ceramic Bathroom Col...