With a total of AED18.4 million into it, the accelerator program, based on smart city technology, is targeting startups that are developing innovative solutions to help make cities smarter and overcome significant challenges due to congestion, waste, and energy. The program will aim to identify solutions within smart homes and buildings, smart transportation and logistics, smart living, as well as smart urban planning and maintenance.
The accelerator is targeting local and regional startups to leverage the know-how within the Internet of Things (IoT), sensor technology, big data, and virtual reality spheres to develop disruptive solutions.
To run over a period of three years with a total of 40 startups, those accepted into the program will receive a Startupbootcamp acceleration package benefits including office space in Dtec, consultation and advisory support, as well as access to Startupbootcamp and its partner organizations and US$20,000 in cash – all for a 6% equity stake in the venture. Once completed, the startups will join Startupbootcamp’s global alumni network consisting of some 400 enterprises from more than 50 countries worldwide.
According to Todd O’Brien from Startupbootcamp: “We are thrilled to announce our first Dubai Smart City Accelerator program in the region that is a collaborative venture with the Dubai government and other partners. Startupbootcamp is privileged to support the target of making Dubai the happiest city by 2021 through embracing cutting-edge technology and innovation. Startupbootcamp ensures worldwide momentum and has accelerated more than 340 startups across 14 different programs globally since 2010. We are working with startups who are truly focused on making the future better and we know Dubai will support our efforts and help us grow our business to a whole new level.”
His Highness Sheikh Ahmed bin Saeed also launched the accelerator’s portal to enable interested startups and entrepreneurs to apply for the program.