startAD, the Abu Dhabi-based global accelerator anchored at NYU Abu Dhabi and powered by Tamkeen, has opened applications for its immersive Venture Launchpad sprint accelerator.
Who Can Apply?
Internet of Things, Artificial Intelligence, and hardware startups with solutions for industries including construction and real estate.
Partners
- IMKAN
- Consolidated Contractors Company
- Abu Dhabi Municipality
- Abu Dhabi National Exhibitions Company (ADNEC)
Program Duration
April 20-30, 2019
Deadline to Apply
March 24, 2019
Scheduled to run from April 20 – 30, selected participants are required to attend the full duration of the sprint accelerator. Startups will have access to a series of free mentorship sessions with leading global experts from prominent organizations including UC Berkley, HAX, and NYU Shanghai, in addition to trainers from startAD and the program’s partners.
Venture Launchpad will end with the Showcase Day, where startups will present their ventures to matched investors and members of the UAE entrepreneurship ecosystem. The winning startup will receive the IMKAN Innovation Award worth $10,000 USD. Meanwhile, all of the accelerator’s selected startups will have the opportunity to secure pilot projects with the program’s partners.
“The global Engineering and Construction industry, worth more than $10 trillion per year continues to play ‘catch up’ when it comes to digitalization. There is a total of 4,000 active projects worth an estimated $313.6 billion underway currently in the country, making UAE uniquely poised to lead the digitalization of the sector globally," said Research Professor of Engineering, Vice Provost for Entrepreneurship, and Managing Director of StartAD Ramesh Jagannathan.
A major tenet of the Emirate's 2030 Vision Plan
“We are proud to be a partner within NYUAD’s accelerator, startAD," added CEO of IMKAN Walid El-Hindi. "As the Launchpad’s first real estate development partner in the program’s history, we view our desire to support young companies through mentorship and exposure to institutional knowledge as mutually invaluable. Not only is there an extraordinary return for IMKAN, but our involvement will likewise bolster the development of the start-up ecosystem in Abu Dhabi, thus supporting a major tenet of the Emirate’s 2030 Vision Plan. The power of co-creating with entrepreneurial and young thinkers has immeasurable potential for the innovative trajectory of our company.”
The sprint accelerator immerses startups in robust local customer discovery and validation activities through trainings, partner roundtables, investor pitches, and ecosystem showcases.
Since the first cycle in September 2017, participating startups have raised $8 million in investment, secured numerous pilot projects, and have been recognized with global design and product awards.