startAD has announced the launch of a new startup program, Beyond the Pitch, specifically aimed at all UAE residents between the ages of 18 and 25. The program targets those with an idea for a technology based venture that supports the UAE’s commitment to establishing an innovative and diversified economy.
Beyond the Pitch challenges UAE’s young innovators to submit their ideas under the theme “Made in the UAE.” These ideas must align with UAE’s commitment to innovation in the areas of mobility, health, happiness, education, diversity and society, and sustainability. The deadline to apply is February 15, 2018. Startups can apply at https://goo.gl/oT6hVg
startAD Managing Director Ramesh Jagannathan, said: “Thirty five percent of the population in the UAE is under the age of 25. Beyond the Pitch translates the ambition of the youth in the UAE into global impact. There are various existing high-quality startup challenges and hackathons in the UAE, however, they focus more on the startup pitch than on understanding and developing the problem-solution fit. Beyond the Pitch will address this critical gap and empower teams with the tools and processes to grow their startups. The program will help to further strengthen the UAE’s standing as the foremost capital of global innovation.”
Teams that qualify will acquire the tools and knowledge required to develop a comprehensive new venture that is validated, scalable and repeatable. The focus of the training will be to develop a deep understanding of how to identify a problem and work towards a solution by understanding how to evaluate the market, speak with customers and develop a working business model.
The two-month program will start in February 2018 and culminate in a Demo Day in April when cash prizes will be awarded to teams that demonstrate the best business model and potential for impact in the UAE. All sessions will take place at startAD Central located at NYU Abu Dhabi.
Each team will be matched with a mentor from amongst a selection of industry experts, startup founders, and investors that will guide them through the program and provide feedback through one-on-one sessions. The program will start with a Bootcamp which will introduce the teams to basic entrepreneurship skills. This will be followed by the Workshop in which teams will apply what they have learned at Bootcamp to their projects.
The teams will then refine their presentation skills in a final session which will provide insights into how investors evaluate startups, before they head to Demo Day where teams will present their startup projects to a panel of judges and an audience of startup community members and supporters.