CHALLENGE NOW!
CHALLENGE NOW!

Eligibility Criteria

  • Emirati Nationals
  • Aged between 18 and 40
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Selection Criteria

  • Innovation
  • Scalability & Market Potential
  • Business Model Viability
  • Financial Projections
  • Team Competence
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Prizes

  • Cash Prizes
  • Leading Accelerator Program
  • Mentorship
  • Networking Activities
  • Media exposure
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Cash Prizes For New Projects

There will be 2 different tracks for business idea submissions.

Third Prize
First Prize
Second Prize

Entrepreneurship Challenge For New Projects

Do you have a business idea?

CHALLENGE NOW!

Top Business Ideas

Unleash your ideas today.

  • Participants must be Emirati Nationals.
  • Participants should be aged between 18 to 40 years.
  • Submissions must be Startup ideas or traditional business ideas.
  • Required documents to prepare for your final application submission:
    • CVs of founders and leadership team
    • Business Model Canvas

  1. Innovation : How unique and innovative your idea is.
  2. Scalability & Market Potential: The potential market size and scalability of your idea.
  3. Business Model Viability: The feasibility of your proposed business model in the current market.
  4. Financial Projections: Financial planning and understanding financing needs.
  5. Team Competence: The efficiency of your team, especially in key areas of your business idea, is important.

  • AED 50,000 in cash each.
  • Exclusive opportunity to pitch to a panel of top-tier investors.
  • Trade license and company setup support.
  • One year of membership in a premium local UAE incubator.
  • Feature in program's success stories across media and the competition's website.
Each winner receives a comprehensive support package designed to significantly advance their startup idea from the concept stage to market readiness.

Traditional Business Idea Competition Track

Transform entrepreneurial visions into reality with our Traditional Business Idea track, tailored for Emirati youth poised to redefine commerce.

  • Participants must be Emirati nationals.
  • Participants should be current university students or recent graduates aged between 18 to 28 years.
  • Idea submission should represent a traditional business concept with a clear prototype.

  1. Quality of prototype: Evaluation of the prototype's design, usability, and functionality.
  2. Market need: Clear evidence of demand and necessity for the business in the current market.
  3. Implementation plan: A solid, feasible plan showing how the business will be executed.
  4. Team capability: The ability of the team to efficiently bring the business idea to life.

  • Aed 50,000 in cash each.
  • A structured mentorship program with seasoned business leaders.
  • Business development workshops and networking opportunities with established entrepreneurs.
  • A chance to present their business plans to investors and secure funding.
These prizes are crafted to ensure that each winner has a strong foundation to build upon their traditional business idea, business idea, with sufficient funds, expert guidance, and potential for investment.
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