By Tamara Pupic
Innovation hub organises its second crowd-funded pitch competition.
The Impact Hub Dubai, a Dubai-based incubator and innovation hub, will host its second crowd-funded pitch competition on June 4.
#CrowdFunDxb is a pitch competition that gives its audience the opportunity to choose from 10 shortlisted entrepreneurs who will pitch their start-up ideas for three minutes. The audience will then vote for the winner.
The event will take place at the Impact Hub Dubai from 7pm to 9pm on Saturday, June 4.
The first #CrowdFunDxb was held in 2014, with Wepul, an online platform that allows people to trade and teach skills, winning AED10,300.
“With an increasing number of start-ups emerging in the UAE market, there is a need to create new platforms for them to be showcased,” said Aman Merchant, CEO and co-founder of Impact Hub Dubai. “It is about more than just the money, however. Events like these bring the community together and boost the ecosystem by giving these emerging start-ups a much-needed exposure.”
Other prizes include mentorship by Womena the Middle East's first women-only angel investor group, a $500 voucher on the Zoomaal platform, an acceleration package by Creative Zone, a Dubai-based business setup consultancy for entrepreneurs, and an opportunity to join the Etihad SMB network.
All shortlisted participants will also get a profile on Magnitt, an online community connecting entrepreneurs to investors, mentors and co-founders from the MENA region, and support from both Taka Solutions, a Dubai-based engineering and technology company, and Eurecca, a Dubai-founded equity crowdfunding platform.
A quartet of Dubai-based entrepreneurs started the hub as a non-profit organisation in 2012. It is part of the global network of Impact Hubs, described as physical places for people developing imaginative 'world-changing' ideas, founded by Johnathan Robinson, an entrepreneur, writer and anthropologist, in London in 2005.