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Applications Open for startAD’s Corporate Sprint Accelerator Program

Previous edition of startAD's Corporate Sprint Accelerator program

The accelerator will enable corporations and early-stage startups to collaborate on solutions focused on construction and sustainable development

Press Release

startAD, the Abu Dhabi-based global accelerator anchored at NYU Abu Dhabi (NYUAD) and powered by its partner Tamkeen, has opened applications for its Corporate Sprint Accelerator program. Applications close on March 10, 2020.

Taking place from April 1 – 14, 2020 at NYUAD, the program will be focused on innovative solutions in the fields of construction and sustainable development. The accelerator will steer global startups specializing in Artificial Intelligence (AI), Internet of Things (IoT), and hardware technologies, to grow and scale in the UAE through potential pilot projects with startAD’s partners ALEC Engineering and Contracting, and the Consolidated Contractors Company (CCC). The winning startup will receive the ALEC Innovation Award worth USD 10,000. The program will also train startups in investment readiness, and all selected startups will be considered for co-investment of up to USD 250,000 through startAD’s Seed Fund.

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“Analysts expect that digital solutions can reduce construction project costs by 45 percent, which is a significant saving for the future development of the engineering and construction sector. Our Corporate Sprint Accelerator partners industry leaders with early-stage startups, enabling knowledge sharing that can create entrepreneurial innovations tailored to real business needs and enhancing the regional construction sector with new technological implementation.”

Research Professor of Engineering, Vice Provost for Entrepreneurship at NYUAD, and Managing Director of startAD Ramesh Jagannathan

Since the first cycle in September 2017, the startAD Corporate Sprint Accelerator has worked with 112 startups from 24 countries. These alumni are creating significant impact globally having raised USD 45 million in investment, generating USD 15 million in revenue, securing over 50 pilot projects with corporations, and creating over 230 jobs.

About NYU Abu Dhabi

NYU Abu Dhabi is the first comprehensive liberal arts and research campus in the Middle East to be operated abroad by a major American research university. NYU Abu Dhabi has integrated a highly selective undergraduate curriculum across the disciplines with a world center for advanced research and scholarship. The university enables its students in the sciences, engineering, social sciences, humanities, and arts 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 over 115 countries and speak over 115 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.

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