Every year Creative Zone invests in 4 of the UAE’s most promising start-ups, that has a vision of making a difference to the wider community. These start-ups will be given the opportunity to expand their reach through Creative Zone’s support services and partner networks allowing them access to business trade licenses, office spaces, legal advice, media and marketing services, funding options, tax and accounting consultation, and more.
This year, the Startup X Accelerator programme is being launched in partnership with Wamda, a platform that accelerates entrepreneurship ecosystems throughout the MENA region. The programme also has a lineup of supporting partners like, the Dubai Business Women Council, Capital Club Dubai, Global Millennial Capital, Financial Institutions and Universities.
Startup X is designed in three stages right from a 1 -minute pitch video to a face-to-face demo day presentation where the shortlisted startups will have to present their business plans to a panel of industry experts. Four top business plans will be selected and will be offered a bundle of business setup and support services worth AED 100,000.
All entries are mandated to submit a video profile explaining their business plan in exactly 1-minute together with a short description of the candidate profile and the business plan. Only the shortlisted entries will be contacted for the next stage.
The 10 best business proposals will be shortlisted by the judges based on various criteria like feasibility of the business plan, pitch delivery, financial study, scalability, and sustainability. All selected candidates are to confirm their participation within the same week, else the waitlisted candidate will be given the opportunity.
The 10 shortlisted candidates will be given 10 days to prepare for a formal Demo Day where they would be invited to a physical event space to present their business plan to the panel of judges. There will be time allocated for presentation and Q&A for each participant. The expected presentation format will be communicated to all the finalists once the results are announced.
The top 4 business plans will be announced the same day and will be awarded business setup support services valuing at AED 100,000.
SHAMS covers a wide range of business activities and has an excellent business landscape that promotes business viability and growth. SHAMS will provide four 1-Visa Trade License Packages for one year to the winners of StartupX Accelerator Programme.
Creative Zone will provide the 4 winners with business support services worth AED 100,000, which will include:
The program is aimed at early stage start-ups that have recently started their businesses or are about to launch their businesses. Entrepreneurs who already have an MVP in place or that have seen a real interest and have tested their product or service with their market audience.The application process is open to anyone, but highly competitive.