Business

Dubai Startup Hub, the entrepreneur initiative by Dubai Chamber of Commerce & Industry, has launched the Smartpreneur 5.0 Online Pitch Bootcamp. This, first-of-its-kind 10 week training program is for the 50 finalists who were eligible for the second phase of the fifth Dubai Smartpreneur competition.

The specialized online training program will run from April 19 to June 30, 2020. This program has changed the typical two day training to make sure that these promising ventures are supported in the present day challenging times, and that they are in a position to maintain and develop their business in 2020.

Entrepreneurs will gain from more than one hundred person and team online training workshops, which will be geared up all through the two and a half month program.

On the sidelines of the training program, Dubai Startup Hub additionally launched the Startup Pitch Guide 2020 on how to deliver an impactful investor pitch.. Dubai Chamber has organized this information based on international best practices that are well suited with the business environment in the emirate. Participants in the opposition and other entrepreneurs can gain from the information to acquire positive, encouraging outcomes when providing their thoughts to investors.

The training program consists of a various mix of activities, which includes working on pitches by making use of the Chambers guide, taking part in a series of online training workshops and webinars with winners and previous participants of the Dubai Smartpreneur Competition.

The training program additionally consists of four weeks of one-to-one work with startup business coaches to enhance business and monetary models of the startups and running a simulation of the contest with the finalists as judges.

Natalia Sycheva, Manager of Entrepreneurship at Dubai Chamber pointed out that this training program is the first of its kind, progressive training model that takes into account the exceptional situations we are in and how to improve the skills and competencies of the entrepreneurs and startups to maintain and develop in such situations. It additionally demonstrates the pioneering role of Dubai Chamber in providing innovative support for entrepreneurs in unsure instances rather than stopping these services.

She emphasized that the Smartpreneur entrepreneurs are unique as they are vetted, well-trained, and are guided to construct a real business.

Sycheva additionally remarked on the launch of the Guide which is organized by professionals and is a training and academic device for entrepreneurs and startups on how to present their ideas.

The Smartpreneur competition targets to help technology entrepreneurs to be part of Dubai's strategic initiatives, in addition to improving the role of these entrepreneurs in the evolving business ecosystem of the Emirate and its role as the international hub for innovation.

More than 1,600 participants have gone through the Dubai Smartpreneur Competition over the previous 4 years, which is reflective of its effectiveness and impact in attracting an increasing number of global startups.

Dubai Chamber launched Dubai Startup Hub in 2016 as an online platform for startups, entrepreneurs, developers, venture capitalists and students, enabling them to analyze about new possibilities and create new partnerships that stimulate monetary growth.

Dubai Startup Hub provides a multi-program platform for entrepreneurs from across the world to discover business possibilities in Dubai, while benefiting from a set of programs and services such as Market Access Program, Emirati Development Program, Dubai Smartpreneur Competition and Co-Founder Dubai Program, amongst others.

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