The National Organiser of the Entrepreneurship World Cup 2020 and Abu Dhabi’s global tech ecosystem Hub71, is searching for the best startups from early-stage to growth phase in all sectors across the seven emirates.
Hub17 intends to create the first-ever Team UAE from the chosen ‘best startups’ to represent the emirate at the Entrepreneurship World Cup 2020 which will be conducted during the MiSK Global Forum at Riyadh, Saudi Arabia in the month of October.
The Entrepreneurship World Cup is the largest global initiative for entrepreneurs with entries received from 187 countries across the globe. The event’s inaugural competition in 2019, attracted more than 100,000 applicants.
Ten UAE-based startups will be chosen for Team UAE during the months of July and August with applications only allowed until August 20, 2020. Startups in the Team UAE stand to win life-changing prizes including US$1 million in cash prizes, additional funding opportunities, access to accelerator programs, resources, and in-kind prizes worth a combined $75+ million.
“Team UAE’s participation in the Entrepreneurship World Cup 2020 will not only showcase the innovation in tech that this country has to global audiences; it will embody this nation’s passion and drive in one team. As the official National Organiser for the UAE, we are continuing our hunt for the most innovative startups and specifically looking for startups who believe they have what it takes to represent the UAE on a global stage. We look forward to seeing startups step up to the plate to represent the UAE in one of the biggest tech competitions in the world.”
Hub71 signed an MoU with the MiSK Foundation at last year’s forum to create a more dynamic market for startups between the UAE and Saudi Arabia and improving cross-market access. As part of the MoU, Hub71 was named Entrepreneurship Cup 2020’s sole National Organiser for the UAE.
“Entrepreneurs are risk-takers and industry disruptors, accustomed to facing challenges head-on. Now more than ever, the world needs more entrepreneurs to unleash their ideas, develop innovative solutions and make the world a better place – the Entrepreneurship World Cup is helping founders at all stages do just that.”
Team UAE startups who apply for the Hub71 Incentive Programme will also be shortlisted, subject to completing their online Hub71 application, which offers 100 percent free housing, office space and health insurance for two years for seed companies and subsidies up to 50% for three years for emergent companies; worth about $800k.