Technology entrepreneurs are being encouraged to enter the UAE’s first Khalifa Fund for Technopreneur Projects Competition, aimed at helping young people turn their technical ideas into final prototypes ready for the market.
Organised by the Khalifa Fund for Enterprise Development in conjunction with Abu Dhabi University’s Innovation and Entrepreneurship Centre, ADU Enterprise, the competition will give shortlisted candidates access to workshops on how to accelerate the process between developing an idea, and creating a final product.
The three most exceptional candidates, as decided by the organisers, will be selected as winners and receive seed funding from Khalifa Fund, as well as one-on-one mentoring in business and technical expertise from ADU Enterprise.
The centre will also provide winners with access to the university’s resources, infrastructure, technical support, faculty members, and networking opportunities.
The Chancellor of Abu Dhabi University, Dr Nabil Ibrahim, said: “One of the UAE’s greatest assets along with oil and gas is the intellectual wealth of the nation’s people.
“Unfortunately, many aspiring entrepreneurs are discouraged by the misconception that starting a technology-based business is too costly and is only for giant corporate. However, through this competition we’re hoping to prove that intellectual wealth is the gateway to financial wealth, and not the other way round.”
Entries to the competition will be accepted until 26 February, 2014.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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