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StartAD is inviting innovative startups to apply for the UAE’s first hardware Venture Launchpad, a 10-day immersive entrepreneurship program to be held at New York University Abu Dhabi (NYUAD).
The Venture Launchpad program targets aspiring entrepreneurs and encourages them to develop scalable, repeatable and capital-efficient businesses.
The program welcomes any early-stage hardware startup and is free to accepted companies. There will be a ‘demo’ day where finalists will showcase their startups to investors, corporate partners, media and the UAE startup community. In addition, finalists will win a prototyping grant, will also be considered for investment and mentorship from tartAD, and will have the opportunity to travel to Shenzhen, China, to gain first-hand experience in the hardware ecosystem.
Ramesh Jagannathan, Managing Director of startAD and Vice Provost for Innovation and Entrepreneurship at NYU, said: “Interest in this program is growing day by day. We look forward to establishing Abu Dhabi as a hub for hardware innovation and helping startups who graduate from the program create Global reach.”
During intensive training, participants will increase their knowledge in the area of design thinking methodologies. In addition, they will develop market strategies and financial plans, including valuation and financing. They will also exchange knowledge and best practices with their counterparts in the Chinese Prototype Lab.
Apart from this, young entrepreneurs can also utilize the startAD lab called AI Warsha to build their prototypes. The lab is fully equipped with all the necessary 3D printers, laser cutters, PCB printers, and more!
according to Erki AaltonenThe executive director of startAD said that as long as there is suitable technology, everyone with an idea can come up with smart hardware. He stressed that his laboratory is always open to innovative ideas that will diversify the UAE economy.
The program will take place from December 4 to 13, 2017, with a deadline of November 15, 2017. Interested startups can also sign up for information sessions on the program in Abu Dhabi and Dubai.
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