The United Arab Emirates (UAE) will be home to the first aviation incubator in the Middle East and North African region (MENA).
Called Intelak (Arabic for taking off), the new incubator is a joint initiative between the Emirates Group, GE, Etisalat, and Dubai Silicon Oasis Authority, DSOA.
The travel, technology, and aviation-focused incubator will bring together selected entrepreneurs and students from across the emirates, a statement said.
The incubator will select four teams following a judging process and will then enrol them in the full incubation training program and award each team Dhs50,000 ($13,600) to fund and develop their projects. The program will include mentorship, boot camp, workshops and a final pitch.
Intelak will be based at DSOA’s Dubai Technology Entrepreneur Centre (DTEC) and will work with universities, entrepreneurial centres, and coworking spaces to reach out to its target audience.
Intelak will accept online submissions from September 6 until October 31, after which a panel of judges will assess them based on creativity, innovation, feasibility, and scalability.