Dubai Chamber launches Smartpreneur Competition
Second edition of entrepreneurship competition to encourage Smart Dubai business ideas
Dubai Chamber of Commerce & Industry has launched the second edition of its Dubai Smartpreneur Competition, which challenges participants to develop business ideas for Dubai Smart City.
The competition is open to entrants from around the world, and is intended to stimulate a culture of innovation and entrepreneurship in the emirate.
Competitors have to submit a thorough and credible business model, including revenue generation, alongside demonstrating passion for innovation. Business ideas should be focused on Dubai Smart City, in the areas of Smart Economy, Smart Living, Smart Mobility, Smart Governance, Smart Environment, and Smart People.
The first edition of the competition, which was held last year, attracted over 350 business ideas from 40 countries worldwide. Three winning entries received a cash prize and were able to join the Tejar Dubai entrepreneurship development programme for a year to help them turn their business ideas into reality.
Last year's first prize went to Sebastian Stefan for his idea LoadMe.ae focusing on reducing traffic through GPS tracking and smart phone apps and the second prize winner was Craig Muyambo for his idea Efhamni (Understand Me), an application designed to bridge the gap between deaf and hearing people. Third prize was won by Murshed Mohamed, for his idea "i want", an on-demand platform that helps people buy anything on retailers' shelves with the push of a button.
Essa Al Zaabi, senior vice-president, Institutional Support Sector, Dubai Chamber, and general coordinator of Tejar Dubai, commented: "This second session will keep the momentum and lead to generating excellent business ideas while encouraging young entrepreneurs to participate in Dubai's strategic initiatives and contribute to the emirate's efforts of creating happiness by adopting innovative technology while transforming Dubai into a smart city.
"The Chamber is working with its partners to support this trend through initiatives like the Dubai Smartpreneur Competition which promotes smart business among young entrepreneurs," said Al Zaabi.