UAE-based company launches a new program for Property Tech start-ups
In partnership with startAD, the Abu Dhabi-based global accelerator, Tamkeen, and Aldar Properties, a leading developer in the UAE, has announced the launch of its corporate innovation programme, Aldar Scale Up.
Aldar Scale Up will provide access to the virtual market .
It will provide access point to tangible opportunities for growth, establish new networks.
Also, it will help validate global PropTech start-ups that provide state-of-the-art real estate technology.
The program will allow startups to penetrate and develop the UAE market through new initiatives with Aldar and other leading players in the region.
The program’s inaugural edition will run for virtually four months.
At the end, ten start-ups will have the opportunity to present to a selection committee.
Moreover, up to five start-ups will be awarded Aldar pilot projects.
In the real estate sector, start-ups will provide innovative and sustainable solutions.
The solutions will include as effective energy management, smart city development and safety of biodiverse ecosystems. During the pitching process, opportunities to secure pilot projects with other UAE companies will be available for startup companies.
Also, the programme selection committee will also be joined by Hub71, Abu Dhabi’s global tech ecosystem.
PropTech startups shortlisted for Aldar Scale Up will automatically be nominated for the Incentive Program of Hub7.
Furthermore, the Hub71 Program will offer equity-free subsidies worth more than $400,000.
In addition, the offer will include up to 100 percent free housing, health insurance, and up to three years of WeWork x Hub71 office space.
Deadline for applications is on February 27, 2021. Interested applicants can apply via Scale up by Aldar
Source: Tech Gist Africa