Standard Chartered has partnered with DIFC Innovation Hub to help empower UAE women entrepreneurs.
The initiative is designed to drive sustainable growth and support females in the country’s technology sector, by fostering innovation, diversity and economic development.
Standard Chartered says its Women in Tech accelerator programme offers women entrepreneurs a unique platform to unleash their potential, overcome barriers and accelerate their business ventures.
It is part of the bank’s global Women in Tech initiative that operates successfully in nine countries, creating a powerful global network of empowered women in the tech space.
Rola Abu Manneh, CEO at Standard Chartered UAE, said: “This programme is a testament to our shared commitment with the UAE to champion women empowerment and support technological innovation.
“Through targeted support, mentorship and access to seed capital, we aim to empower women in technology, enabling them to overcome barriers, seize opportunities and drive transformative change.”
By joining forces with DIFC Innovation Hub, we are taking significant strides towards building a more inclusive and thriving tech ecosystem that supports women-led start-ups and harnesses the diverse talents and perspectives of women, ultimately shaping a brighter future for all.”
Mohammad AlBlooshi, Chief Executive Officer of DIFC Innovation Hub, added: “DIFC Innovation Hub is dedicated to supporting start-ups and entrepreneurs in the UAE, fostering an environment that nurtures innovation and drives economic growth.”
From the pool of applicants, ten start-ups will be meticulously selected to participate in the programme. These selected will benefit from a comprehensive curriculum featuring tailored training, immersive workshops and mentorship opportunities designed to address their specific needs.
The Women in Tech accelerator programme will conclude with a Demo Day in October. During this event, ten female-led entrepreneurial teams will showcase their innovative business models to a distinguished panel of potential investors, industry experts, and thought leaders.
The top three winners will be awarded a total of $100,000 in equity-free seed capital, providing a substantial boost to their ventures.
To date, Standard Chartered UAE has accelerated four cohorts, comprising of more than 20 start-ups, who have collectively raised over $5 million from various venture capitalists to expand their businesses within and outside of the UAE.
