Dubai unveils smart city accelerator
Thursday, 06 01 2017, Category: Technology, Country: U.A.E
The Dubai Silicon Oasis Authority (DSOA) on Wednesday launched Dubai Smart City Accelerator - the first of its kind in the Mena region - within the DSOA's wholly-owned Dubai Technology Entrepreneur Centre.
Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the DSOA, President of the Dubai Civil Aviation Authority, Chairman of Emirates airline and Chief Executive of the Emirates Group, launched the accelerator as well as its portal to enable interested startups and entrepreneurs to apply for the programme. The authority aims to accelerate 40 ventures in the next three years.
To be operated by Startupbootcamp, the global network of industry-focused startup accelerators, the Dubai Smart City Accelerator has been launched by the DSOA in collaboration with six strategic partners - Emirates Integrated Telecommunications Company (du), Smart Dubai Office, the Dubai Chamber of Commerce and Industry, Rochester Institute of Technology New York, Orange Business Services and Visa, injecting a total investment of Dh18.4 million into setting up the programme.
The agreement was signed by Dr Mohammed Alzarooni, vice-chairman and CEO of the DSOA; Majid Saif Al Ghurair, chairman of the Dubai Chamber; Osman Sultan, CEO of du ; Younus Al Nasser, assistant director-general of the Smart Dubai Office; Kamran Siddiqi, Visa group executive for Central and Eastern Europe, Middle East and Africa; Luc Serviant, senior vice-president for the Middle East and Africa at Orange Business Services; Dr James H. Watters, senior vice-president of finance and treasurer at RIT New York and RIT Dubai board member; and Carsten Kølbek, CEO and founder of Startupbootcamp.
The accelerator programme, 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.
Source: Khaleej Times