Entrepreneurs In The Aviation, Travel, And Tourism Domains Invited To Apply For Intelak's Sixth Cohort If you're a startup with a concept that aims to redefine traveling, here's an opportunity you shouldn't miss out.
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If you're a startup with a concept that aims to redefine traveling, here's an opportunity you shouldn't miss out. Organized by the Emirates Group, GE, and Dubai Tourism, the Intelak incubator program is now welcoming applications for its sixth cohort.
Open to students, entrepreneurs, and early-stage startups with a working prototype, the program seeks to give a boost to product and service solutions in the aviation, travel and tourism sector. The startup idea can be hardware, software-based, or anything in between, and will be judged based on creativity, innovation, feasibility and scalability.
Source: Intelak
Applicants accepted as finalists to the program will be given access to a four-day pre-incubation bootcamp, wherein startups will work with mentors to validate their startup's market fit and build your pitch deck. Teams will be given the opportunity to present their pitch deck to senior executives at the Emirates Group, GE, Department of Tourism and Commerce Marketing and Dtec, wherein four winning startups will enter the incubator.
Winners will then receive a cash prize of up to AED50,000 (distributed at key milestones), and will join Intelak's three-month intensive incubation program consisting of structured workshops, mentorship and a co-working space at Dtec, with startups retaining all equity and IP. The program will conclude with an investor demo day for each startup to pitch to experts, angel investors and VCs for possible opportunities on future collaboration and investment.
Since its launch, according to its impact report, Intelak has received over 1,200 applications, worked with over 100 startups, and graduated 20 startups from its incubation program, and contributed AED2 million in seed funding and in-kind support through workshops, mentoring, and access to resources and equipment. In addition, Idea Lab, Intelak's innovation program, has supported more than 40 Emirati innovators to turn their ideas to business concepts.
Source: Intelak
Its graduates have also made an impact in the ecosystem, with 70% of its graduates successfully raising investments. A few of its prominent graduates: dnata acquired a majority stake in DUBZ, a luggage pickup, storage and delivery service, and also been gained recognition at Entrepreneur Middle East's 2018 Enterprise Agility Awards 2018, as did The Concept, a startup creating disruptive hardware and software solutions.
Another of Intelak's startups, SweepTeQ, an enterprise utilizing robotic tech to detect debris on aircraft runways, have won a place at Startupbootcamp London's accelerator program, while travel experience curation app Trift received financial support from Dubai Tourism.
Applications are open until September 1- check out the website for more info.
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