Innovation and entrepreneurship platform startAD today announced it will host a ten-day entrepreneurship program at NYU Abu Dhabi (NYUAD) to provide ten Fintech startups a unique opportunity to pitch their business one-on-one to investors from the UAE. Early-stage Fintech startups based in the UAE are encouraged to apply before the upcoming deadline of February 4, 2018.
The program will equip participating startups with the tools and knowledge to develop a comprehensive venture that is scalable, repeatable and capital efficient. Startups involved in the program will gain insight into crowdfunding, peer-to-peer lending, blockchain, algorithmic trading, credit scoring, cryptocurrency, payments, insurance tech, and money transferrals.
“The UAE startup ecosystem is not burdened with the legacy of global systems and is able to develop at a rapid pace with unique style. startAD engineered the Investor Day to create meaningful interactions and genuine value for startups and investors. We have collaborated with ten leading investors from the UAE actively investing in startups in the Fintech domain who will meet with each of our finalist teams,” said Erkki Aaltonen, Executive Director at startAD.
“The one-on-one meetings place startups on a platform like none other, providing opportunities to build relationships with active investors interested in their business domain, market, and technology. It is a remarkable way for investors to take a deep dive into the startup and to add real value,” Aaltonen noted.
The program has partnered with a wide range of prominent business organizations including UAE Exchange, Abu Dhabi Global Market (ADGM), IBM, Etihad and Abu Dhabi Commercial Bank (ADCB). Participating investors will include:
- Eshara Capital - Alex Guy, Founder
- Enabling Future Investments- Hubertus Thonhauser, Managing Partner
- Digital Spring Ventures - Patrick Vosgimorukian, Managing Partner
- VentureSouq - Tammer Qaddumi, Partner
- TwoFour54 Investments - Asma Al Qaseer, Investment Analyst
- Kryptolabs - Pathikrit Banerjee – Director, Special Projects
- Crescent Enterprises- Tushar Singhvi - VP, Corporate Development & Investments
- Lead Angels - Nick Roberts, CEO
- Women's Angel Investor Network - Heather Henyon, Founder and Director
- UAE Exchange - Nidhi Pandit, Assistant Vice President of Corporate Development
- And startAD’s own seed fund - Erkki Aaltonen, Executive Director
Speaking ahead of the event, Asma Al Qaseer said, “At twofour54, we are helping media entrepreneurs scale businesses through strategic investment and twofour54 partners' network. We are excited to collaborate with the Fintech Venture Launchpad and look forward to supporting entrepreneurs and businesses with the aim of creating a thriving and diversified media sector here in Abu Dhabi serving the Arab world.”
“The rapid pace of technological change that we are witnessing holds unprecedented opportunities for the region’s entrepreneurs to offer more innovative products and disrupt conventional business models. We are excited to partner with startAD on the Fintech Venture Launchpad, which is directly aligned with Crescent Enterprises’ commitment to invest in cutting-edge technology solutions and contribute toward building a resilient entrepreneurial ecosystem in the region,” said Tushar Singhvi.
Fintech startups interested in applying for the program can visit Vl.startad.ae.