Applications Now Open for Ibtikari

Six teams will have the opportunity to win a grant of AED 10,000 from KFED, among other benefits

Press Release

startAD, the Abu Dhabi based global accelerator powered by Tamkeen and anchored at NYU Abu Dhabi, in collaboration with Khalifa Fund for Enterprise Development (KFED), has opened applications for Ibtikari 5.0, an intensive five-month incubation program aimed at helping UAE nationals advance their tech startups. Deadline to apply is September 5, 2019.

The program will commence on September 22, 2019 and conclude during UAE Innovation Month in February 2020. Six finalists will receive grants from KFED worth AED 10,000, whereas one team will win a grant of AED 25,000. Startups will also potentially be considered for further funding by KFED and startAD.

To qualify, startups must be technology-enabled and have early traction in the market with existing customers, pilot projects, or partnerships with stakeholders. In addition, the founding team should have at least one UAE national and a minimum of two fully committed team members. 

Ibtikari will train participants to scale their businesses, secure pilot projects with local corporations, and become investment-ready. The program will include a five-day bootcamp in September and a two-day bootcamp in November. 

Six out of the twelve teams will then be accepted into the incubation program, which will comprise a series of customized training sessions, workshops, and one-on-one meetings with Ibtikari mentors. The program will also facilitate introductions to key corporate partners, prospective clients, and experts in the industry locally and globally to help startups expand their networks and advance their businesses.


About NYU Abu Dhabi

NYU Abu Dhabi is the first comprehensive liberal arts and science campus in the Middle East to be operated abroad by a major American research university. NYU Abu Dhabi has integrated a highly-selective liberal arts, engineering and science curriculum with a world center for advanced research and scholarship enabling its students to succeed in an increasingly interdependent world and advance cooperation and progress on humanity’s shared challenges. NYU Abu Dhabi’s high-achieving students have come from 120 nations and speak over 120 languages. Together, NYU's campuses in New York, Abu Dhabi, and Shanghai form the backbone of a unique global university, giving faculty and students opportunities to experience varied learning environments and immersion in other cultures at one or more of the numerous study-abroad sites NYU maintains on six continents.