Runner-up Docswallet seeks to enable everyday government transactions to operate online by combining advances in Digital Identity and Electronic Signature
The program attracted over 200 teams from the UAE and globally to participate. The culminating demo day event provided the top 10 teams from the program with the opportunity to showcase their startups to investors, corporate partners and the UAE startup community.
WaveX, Docswallet and uHONCHO were declared the first, second and third place winning teams at the startAD Fintech Venture Launchpad demo day on Thursday, September 14. The winning teams will receive up to $120,000 in IBM Cloud credit for a year.
UAE exchange is looking to support startup firms through mentorship and will also consider investing if it makes sense for the growth of its business.
Marking the end of a 10-day program that helped participating entrepreneurs develop skills around business model design, MVP development, team culture, and fundraising, startAD held a demo day of the Fintech Venture Launchpad at NYUAD on September 14
The UAE and wider region, still don't have enough angels. "If you look at the US there are 400 of these angel groups and there are 300,000 angel investors. Over here there is of course VentureSouq, Wain, Womena – there are a few groups doing a really good job, but we need more of them.
Seeking to create awareness and share insights on topics relating to angel investing, the event brought together regional and global speakers in addition to private investors
With study after study pointing to the importance of a well-developed seed and early-stage financial support for MENA entrepreneurs, the absence of a mature angel investor class in the region’s ecosystem is often raised as an issue.
UAE Exchange and New York University Abu Dhabi (NYUAD) have signed a Memorandum of Understanding to advance Fintech (Financial Technology) innovation in UAE through startAD
Venture Launchpad, which ran for two weeks in early January, saw 37 teams develop their business ideas under expert tutelage and at the end, battle it out for accolades and potential backing from startAD.
New York University Abu Dhabi (NYUAD) and Flat6Labs Abu Dhabi have come together to organize the newest edition of Startup Series, a four-month-long program comprising of panel discussions and group activities aimed at promoting a culture of entrepreneurship among its students as well as the community at large.