The Dubai Silicon Oasis Authority (DSOA) has launched a startup programmed called Sandbox with the aim of supporting tech business ventures.
Run by the Dubai Technology Entrepreneur Campus (Dtec), the 12 months programme is a wholly owned tech hub and coworking space, is open to early-stage startups from MVP to seed stage, with a rolling application process.
Enrolled entrepreneurs will follow a structured curriculum which includes theoretical and practical workshops, mentorship sessions and networking opportunities that will help them elevare their startups to the next level.
Dtec has dedicated funds to be invested in promising startups of the programme. Dtec is offering Sandbox participants exclusive company setup rates, equivalent to Dhs9,500. The programme will provide each participant access to leading venture capital funds, and broad services provided by DSOA’s partners worth more than Dhs550,000, according to the Dubai Media Office.
Sandbox is built on six key pillars: product development, traction, scaling, financial diagnostics, wellbeing and legal support.
Startups enrolled in the programme will benefit from over 200 hours of practical workshops and more than 100 hours of one-on-one mentorship from practitioners and field-experts.
Entrepreneurs will also have access to a full suite of diagnostic tools for financial efficiency and legal compliance.
Dtec offers coworking spaces, business accelerators, R&D facilities, event spaces and digital business setup support including licensing. It houses more than 1,000 startups from 75 countries. Through the centre, DSOA supports entrepreneurs, startups and innovators, especially those that operate in the technology, Ai and digitalisation spaces.
“The launch of the Sandbox startup programme coincides with the Projects of the 50, a strategic set of initiatives that will lay the foundations for a new development cycle in various economic sectors. All these projects position the nation as a destination for talents, skilled individuals, entrepreneurs, startup founders, innovators and investors,” said Dr. Mohammed Al Zarooni, vice chairman and CEO of DSOA.
“Dubai Silicon Oasis, and its wholly owned Dtec, have extensive experience as a tech hub and an incubator for entrepreneurs and startups, supporting them in transforming their innovative ideas into reality and empowering them in securing financing. The programme is the first of its kind in the region, founder-centric, addressing a gap in early-stage initiatives.”
(Except for the headline, this story has not been edited by The Finance World staff and is published from a syndicated feed.)
