Emirates , GE, And Etisalat Partner To Nurture Aviation And Travel Entrepreneurs Aiming to incorporate innovation in the conventional aviation sector, and to support the UAE's ambitious plans for the industry, The Emirates Group along with GE and Etisalat have launched Intelak ("taking off" in Arabic), an aviation and travel technology entrepreneurship incubator.

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

Shutterstock.com

Aiming to incorporate innovation in the conventional aviation sector, and to support the UAE's ambitious plans for the industry, The Emirates Group along with GE and Etisalat have launched Intelak ("taking off" in Arabic), an aviation and travel technology entrepreneurship incubator. Through this joint initiative, the companies are inviting "passionate and talented" early-stage entrepreneurs and students to help them take the industry forward. Seeking to nurture ideas with the support of the physical space and network provided by DTEC, Intelak is accepting submissions till October 31, 2016 from 3-5 member teams with at least one UAE National as an "integral team member or co-founder." The target of such teams should be to "independently deliver a MVP to make travel simpler, better and more exciting," and such ideas will be judged based on "creativity, innovation, feasibility, and scalability."

Representatives of Etisalat, GE, Emirates and DSO at the launch of Intelak.Image credit: The Emirates Group.
According to Intelak, the idea must relate to improving any aspect in the realm of aviation and travel. Logistics in airports, loyalty programs, aircraft improvements, better food etc. are a few specified instances. In terms of the intake process, top 20 teams selected from the applications will go through a two-week bootcamp, which will include workshops on design, financial modeling, marketing, and other topics. After this training, the teams will then compete against each other in a pitch challenge, from which four teams will be chosen as winners. Besides a cash prize of up to AED 50,000, these teams will get enrolled in the Intelak incubator for a three-month program to develop their idea into a viable business. Besides the required mentorship, the teams will also receive access to the investor community to pitch for investment. That's not all—the website also states that, "they may also have co-creation or employment opportunities with the Emirates Group, GE, or Etisalat."

If you have an idea that could potentially alter the travel and aviation space, hurry and apply to be a part of Intelak.

Related: The Arab World Has Seen More Accelerator Programs Launch In Recent Years Than Ever Before

Wavy Line

Related Topics

Starting a Business

5 Tips For Launching a Business While Keeping Your Day Job

Launching a business while holding down a 9-to-5 is no small feat. It's a common path for aspiring entrepreneurs, but it's not without its challenges.

Business News

Mark Zuckerberg Wins Gold At First Jiu-Jitsu Tournament in California

Last year, Zuckerberg said training helps him "solve whatever problem at work for the day."

Employee Experience & Recruiting

How to Write a Letter of Recommendation

If you've been asked to write a letter of recommendation and need guidance, here's what you need to know to provide a properly structured letter.

Business News

This Woman Was Drowning in Debt Before She Tried 'Cash Stuffing.' Now She's Made The Highly Effective Practice a Full-Time Business.

A Texas woman was $80,000 in debt before she tried a method of budgeting called "cash stuffing." Now, she's not only paid off her debt but turned the budgeting practice into a full-time business to help others save.

Resumes & Interviewing

Job Seekers: Questions to Ask in an Interview

Going into an interview can be intimidating but having a few questions up your sleeve can help you feel more confident and in control. It shows the interviewer that you're enthusiastic about the job and allows you to learn more about the company.

Marketing

10 Marketing Strategies to Fuel Your Business Growth

You need more than one strategy. You need a strategy for every opportunity.