ME technology companies pitch for AWS’ Cloud 10 programme
Seven companies from the GCC region pitched for a combined amount of $10m
Seven technology companies from the GCC region pitched $10 million to a panel of investors as part of the Cloud 10 technology accelerator programme or Scalerator, which is powered by Amazon Web Services (AWS).
The pitches took place in London, UK, and the panel featured international investors, including Atkins Global, HSBC Private Bank, Standard Chartered Private Bank, C5 Family Offices and C5 Cloud Partners. Each company from the region presented their business plans and requirements for investment.
The Cloud 10 Scalerator programme has taken young technology firms that are generating revenue from across the MENA region and offering them a highly structured the month programme of intensive mentorship giving them the practical tools to rapidly scale their businesses and given them access to investors.
The three month programme is divided into a series of tutorials that cover all aspects of scaling up a technology business such as operational scaling and business planning; customer acquisition and marketing; management and governance; product development and accessing investment. Those enlisted can benefit from a resident CTO and international tech entrepreneurs, business leaders and investors, for support.
Teresa Carlson, vice president, Worldwide Public Sector of Amazon Web Services, said: "This pitch day is an exciting milestone for the Cloud 10 programme's seven technology start-ups. These companies will come together from across the Middle East and Africa to share their accomplishments over the last several months, and we are so pleased to help take their innovative ideas from a vision to reality with the AWS Cloud."
The aim of the programme is to create 300 EMEA technology champions over the next 4 years.