Home Headlines Sheraa, Ministry of Tradition and Youth name for startups to spice up UAE’s inventive economic system

Sheraa, Ministry of Tradition and Youth name for startups to spice up UAE’s inventive economic system

by News Updater

 SHARJAH – The Sharjah Entrepreneurship Middle (Sheraa) and the Ministry of Tradition and Youth have launched the Entry Sharjah Problem with an equity-free prize pool of $100,000 open to high startups from throughout the Center East and North Africa (Mena).

The platform goals to empower acutely aware entrepreneurs invested in creating revolutionary options within the Cultural and Inventive Industries.

Impressed by the United Nations Meeting’s declaration of 2021 because the Worldwide 12 months of Inventive Economic system for Sustainable Improvement, the competitors is according to Sheraa’s mission to help startups within the inventive sectors and to help revolutionary, inventive, and tech-savvy startups from across the area by connecting them with the non-public and public sectors to succeed in their goal market and stimulate innovation within the UAE.

In strategic partnership with the Sharjah Museums Authority, Alef Group, and Air Arabia, the competitors is searching for revolutionary startups working within the following sectors beneath the inventive trade: Cultural & Pure Heritage; Efficiency & Celebration; Visible Arts & Crafts; Audio Visible & Interactive Media; Design and Inventive Providers; and Books & Press. 

Startups fulfilling the next standards are inspired to use: the startup is revenue-generating, has at the least one profitable implementation of their answer, at the least one full-time founder, and is headquartered within the MENA area. 

The problem provides a myriad of advantages; beginning with a grant of as much as $50,000, composing of $25,000 in direction of an implementation contract to convey their initiatives to life at Alef properties and Sharjah Museum areas, $15,000 in money, and $10,000 in direction of enterprise setup help; along with operational enterprise help providers together with discounted workplace house and banking providers; mentoring from Sheraa’s in-house crew and their neighborhood of mentors; and entry to the market.

Functions for the problem at the moment are open and will likely be accepted till October 10, of which ten finalists will likely be shortlisted and can obtain the chance to pitch their concepts and improvements on stage on the upcoming Sharjah Entrepreneurship Competition (SEF). The winners will likely be introduced on the World Convention on Inventive Economic system (WCCE) 2021, organized by the Ministry of Tradition and Youth, held at Expo 2020 Dubai.

Bodour Al Qasimi, Chairperson of the Sharjah Entrepreneurship Middle (Sheraa) mentioned, “We are pleased to launch this pioneering initiative, which seeks to attract and connect successive generations of conscious entrepreneurs and their unique ideas to Sharjah and the UAE. The underlying objective of this challenge is to allow the top startups in the creative and cultural fields to benefit from the growth opportunities in our innovative- and impact-driven local economy, which has succeeded in bringing new ideas to life in a variety of sectors – from heritage, art, culture, and design to media, publishing, photography and film making.”

Bodour Al Qasimi emphasised that the Entry Sharjah Problem pays homage to the emirate’s deep-rooted historical past and management throughout varied inventive sectors whereas selling its stimulating and holistic setting for the pursuit of acutely aware entrepreneurship. This in return would assist drive financial diversification, sustainable growth, and cement the UAE’s international positioning as a number one hub for creativity and innovation. 

Commenting on the initiative, H.E. Noura bint Mohammed Al Kaabi, Minister of Tradition and Youth, mentioned: “This initiative contributes to our collective mission to assist our youth leverage alternatives that the Cultural and Inventive Industries provide. These industries have enormous potential to assist overcome financial and social challenges arising from the Covid-19 pandemic and reinforce the UAE’s resilience, in addition to its adaptability within the face of the fast modifications we face right now.

“Access Sharjah reiterates the UAE’s message to startups and youth, locally as well as globally, that our nation is on a steadfast track to accelerate post-COVID recovery within the creative economy to diversify opportunities and boost job creation. We are moving towards a knowledge-based economy to make a positive social and environmental impact and realize our long-term vision for strategic socio-economic development and sustainability.”

On her half, Najla Al Midfa, CEO of Sheraa, commented: “The Entry Sharjah Problem was created to help the expansion of MENA’s high-caliber startups by providing them a platform to influence not simply their communities, however the world at giant. For its third version, the Entry Sharjah Problem is about to acknowledge founders main the cost in constructing a thriving inventive economic system.”

 She added: “At Sheraa, our vision is to deepen the culture of entrepreneurship by nurturing impactful ideas and promising talent with the potential to create lasting change. And, with Sharjah known as the cultural capital of the Arab world, there is no better place for innovators in the creative economy to call home.”

 Manal Ataya, Director Common of Sharjah Museums Authority (SMA), asserted that SMA’s help for the mission launched by Sharjah Entrepreneurship Centre (Sheraa) to empower rising firms, is in concord with SMA’s dedication to collaborate and accomplice with organizations that promote innovation and the emirate’s place as a number one platform for pioneering entrepreneurship, and an setting that nurtures creativity and skills of every kind.

 She identified that being dedicated to the directives of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Supreme Council Member and Ruler of Sharjah relating to the significance of investing in future generations and sustainable options as a way to improve the event of the cultural sector, SMA has at all times targeted its work on supporting creativity, encouraging information and innovation, and creating the potential of youth particularly.

 Adel Ali, Group Chief Govt Officer of Air Arabia, mentioned: “Promoting creativity and innovation is always a top priority in setting our strategy and plans. The Access Sharjah Challenge initiative aims to support and connect innovative startups in Sharjah to build a better future. As a strategic partner, we look forward to original and path-breaking ideas by innovative startups across the different sectors which will lead to building a better future together.” 

Issa Ataya, CEO of Alef Group, mentioned: “Alef Group is delighted to be partnering with Sheraa in promoting innovative start-ups and entrepreneurs that have the potential to scale up and be part of a growing SME ecosystem in Sharjah, boosting the emirate’s position as a leading hub for entrepreneurship. We have long been supporting initiatives that support small and medium-sized enterprises in their growth aspirations as part of our corporate social responsibility commitment.”

He added: “Through this, we are actively participating in the government’s efforts to promote collaboration and cooperation between public and private sector entities that will have a positive impact on the development of the economy within the Emirate.”

  startups can apply on Sheraa’s official web site at sheraa.ae/asc

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