Dubai Rewards Start Up Companies

Dubai Rewards Start Up Companies

The Dubai Chamber of Commerce and Industry on Wednesday announced the top three winners of the 2nd cycle of the Dubai Smartpreneur Competition, during the closing ceremony of the 5th ArabNet Digital Summit in Dubai.

FriendyCar, a marketplace for borrowing and lending cars, claimed the first prize, while the second prize went to CorporateStack, a web-based solution for managing business operations. Nester, a parking rental marketplace that connects parking owners with people, was placed third.

The winners were honoured by Dr. Aisha Bin Bishr, Director-General of Smart Dubai Office, Essa Al Zaabi, Senior Vice President of the Institutional Support Sector in Dubai Chamber and General Coordinator of Tejar Dubai, in the presence of business leaders and representatives from Dubai’s entrepreneurial community.

In his welcome speech, Al Zaabi praised the innovative ideas and projects presented by participants, noting that their efforts support Dubai’s smart city vision and add value to people’s lives. He explained that entrepreneurship and innovation are key objectives of the Dubai Chamber’s strategy, and described the Smartpreneur competition as an important platform that merges these two themes together.

“This competition aims to empower talented entrepreneurs and facilitate their contribution to Dubai Smart Office’s mission, while it also helps them turn their innovative business ideas into reality,” he said, adding that the chamber will continue to support participants with training and assistance to help them get their businesses off the ground.

Dubai Chamber received more than 700 innovative ideas during the second cycle of the Smartpreneur competition, a 100 percent increase from the first cycle. A total of 50 submissions were originally shortlisted by an expert panel of judges, and the top 10 finalists were invited to pitch their ideas during the final round at ArabNet 2017.

Since its formation in 1965, Dubai Chamber of Commerce and Industry has played a key role in representing, supporting and protecting the interests of the business community in Dubai. Its strategic goals of creating a favourable business environment, promoting Dubai as an international business hub, supporting the development of business and achieving institutional excellence and efficient management of resources, have been reinforcing the emirate’s position as a global hub for business and services.

A leading chamber of commerce in the Middle East, Dubai Chamber aims to strengthen the cooperation between Dubai’s public and private sectors and has established 27 sector-specific business groups and 46 country-specific business councils to enhance communication with all sections of the business community.

Dubai Chamber provides a range of value-added services to its members and the wider business community, including issuing certificates of origin, ATA Carnets, conducting business research and advocacy, offering mediation, arbitration and credit rating services, receiving and organising trade missions, participating in trade exhibitions and organising entrepreneurial training courses and workshops.

The following two tabs change content below.
S. Jack Heffernan Ph.D. Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.