Techstars Dubai Accelerator to Culminate in Demo Day

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ArabNet Team
Apr 15 2018
Events
Techstars Dubai Accelerator to Culminate in Demo Day
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In two days, Techstars Dubai Accelerator in partnership with GINCO will culminate in a Demo Day, which will see companies from the inaugural Dubai class pitch their ideas to prospective investors and startup community enthusiasts at The Park Hyatt Dubai.

During 13 weeks of the program, the nine teams took part in more than 600 meetings, workshops and mentoring sessions at Emirates Towers startup hub Area 2071. More than 70 external mentors from Dubai and the greater Techstars network helped them refine their business strategy and provided feedback, coaching and insights.

Four key Entrepreneurs-in-Residence acted as in-house mentors for the companies, including Carla and Brian Gardepe, long-time Silicon Valley entrepreneurs, Nancy Wolff - Former Vice President of Technology at the Jumeirah Group and Carlos Domingo, a venture investor and former Chief Digital Transformation and Innovation Officer at du Telecom.

Mr. Vijay Tirathrai, Managing Director of the program stated, “Our first Dubai program has been a phenomenal success. As a cohort, the nine start-ups have made significant traction on all fronts; as in, the development of their prototypes, LOI's signed and funds raised from early investors. I am particularly proud of our founders, associates, and mentors that came together and helped us build a unique environment to enable our entrepreneurs to do more faster."

GINCO’s investment arm, alongside Techstars, provided over US$1M in direct investments to the founders as part of a multi-year US$5M commitment from GINCO Group for investments, programming, infrastructure, and staffing. In addition, each team had access to over 152 partner perks, from legal support to infrastructure credits, tier 1 enterprise support and consultation from Amazon Web Services, valued at $2.5M from Techstars global network.

Mr. Gheyath Mohammed Gheyath, Chairman of GINCO Group of Companies, added “GINCO has been very pleased with not only the lineup of incredible companies but also our excellent team of mentors who have brought real value to the founders over the past three months. We are excited to kick off Demo Day and show local and regional investors what great additions these companies will be to the MENA startup community.”

The nine startups who will present at Demo Day include:

Felix: Software for modern insurance brokers.
Flugauto: Revolutionizing metropolitan life by providing air transportation for everyone and everything.
Klasha: An online fast fashion retailer for 20-somethings with fast delivery to West Africa.
Natufia Labs: The Nespresso for plants and herbs.
Novele:A real estate technology company that designs and develops solutions for the building in the digital age.
Nytilus: Helping the industrial workforce to see, learn and work better by leveraging AR and AI technologies.
OmniX: A trained machine vision platform enabling businesses and customers to create actionable insights from any captured moment anytime, anywhere.
Soluki: Helping to bring simple web development solutions to the Arab-speaking world.TPS Engage: The first platform in the world to offer permanent contextual advertising features for outdoor advertising.

 

To register your attendance at the Demo Day, please RSVP here.

 

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