Entrepreneurial ecosystems

Sheraa Team Comes Out On Top At GlassQube Startup Weekend FinTech Abu Dhabi

Sheraa Team Comes Out On Top At GlassQube Startup Weekend FinTech Abu Dhabi
Image credit: GlassQube Startup Weekend FinTech Abu Dhabi
Sheraa team with a few of the mentors at the GlassQube Startup Weekend FinTech Abu Dhabi
2 min read

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

Bringing together designers, developers and entrepreneurs, GlassQube Startup Weekend FinTech Abu Dhabi was held in November in the UAE capital by TechStars, with the support of Google for Entrepreneurs. The weekend hackathon, which included mentor sessions as well as fintech and legal workshops, challenged participants to develop a functional MVP for challenges in the fintech landscape, which were pitched in front of local and regional entrepreneurs for feedback.

A team at the GlassQube Startup Weekend FinTech Abu Dhabi
Source: GlassQube Startup Weekend FinTech Abu Dhabi
Bagging the first-place title in the competition was a team sponsored by Sheraa (Sharjah Entrepreneruship Center), which called itself Sahim and consisted of seven tenth-grade students: Hashim Al Zaabi, Vinay Naresh, Abdullah AlhajKhalil, Mohamed Rashid, Saif Ur Rehman, Wasi Ur Rehman and Odya Daher.

A team with mentor Chad Fox, legal advisor at Bird & Bird
Source: GlassQube Startup Weekend FinTech Abu Dhabi

The winning team developed “Sharia-compliant trading instruments” for the needs of the fintech sector, and thus earned a cash prize of US$5,000, plus an additional $1,000 to launch an online crowdfunding campaign, access to GlassQube’s co-working incubator program this year, 12 hours of legal advice, a website domain, and mentoring on various essentials such as business development, marketing and web design.

Related: Moving Mainstream: A VC's Perspective On The MENA Fintech Ecosystem

 

More from Entrepreneur

Kim's expertise can help you become a strong leader, pitch VCs for capital, and develop a growth strategy.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Create your business plan in half the time with twice the impact using Entrepreneur's BIZ PLANNING PLUS powered by LivePlan. Try risk free for 60 days.

Latest on Entrepreneur