Startups options moving to Dubai
By: Abdullah Alshalabi
Co-founder of fishfishme.com
and Wamda Contributor
Date: Sep, 2013...
Question In5
What they do? Assistance with company registration, Space and plugging you in with the startup community in
D...
Question SeedStartup
What they do? An international startup accelerator, fudning early stage startups to grow. Part of
Tec...
Question Silicon Oasis
What they do? Help early tech startups and entrepreneurs setup their business in Dubai through fund...
Question i360accelarator
What they do? we take your idea from concept to investor-grade prototype in 120 days, plus 120 da...
Strong enough to
do it yourself
Question Going Solo
What they do? Nothing
Mother Company/ Shareholders You are by yourself
Office space? How much? Between...
Share this and help other startups
make their decision
Good Luck :)
Startups options moving to Dubai
Startups options moving to Dubai
Startups options moving to Dubai
Startups options moving to Dubai
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Startups options moving to Dubai

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Startups options moving to Dubai

Startups options moving to Dubai

  1. 1. Startups options moving to Dubai By: Abdullah Alshalabi Co-founder of fishfishme.com and Wamda Contributor Date: Sep, 2013 Twitter: @A_Alshalabi
  2. 2. Question In5 What they do? Assistance with company registration, Space and plugging you in with the startup community in Dubai Mother Company/ Shareholders An initiative by Dubai internet city Office space? How much? 6-12 months for 1,000AED per month Location (description A Boutique Villa that fits around 12-15 startups (15min away from down town Dubai) Funding? No Yes/no, how much? Equity? They don't take equity Program duration? The official announced duration is 3 months,but it can go up to 12months. Mentorship? Yes, but still not fully implemented Networking/events? Yes, they organize events sometimes. They have a great network with almost all Tech Companies in Dubai Company registration? Total cost is around 1,200AED , they help and do most of the work for you Visas up to 4 visas Other logistics? A professional secretary from Dubai Internet City that helps with Visa and company registrations Accommodation/transportati on No Training sessions Yes How long the program is running? Less than 1 year. Startups are still flowing. Total number of startups 10-15 startips Best fits who? Best for startups that need helps with logistics (space and company registration). Not the best fit for early startups that are seeking funding and coaching How to apply? How long process takes? Through website, yet the best way really is to get refrenced (an introduction from someone that knows someone that works there). If you don't know anyone, then apply online, book your ticket to Dubai, go to their office and meet with them personally. You need to show comtiment. Current and previous startups Doctorized.com, fishfishme.com, SnappApp, promomz app, travelervip.com Website? Email? Phone? InFive.ae
  3. 3. Question SeedStartup What they do? An international startup accelerator, fudning early stage startups to grow. Part of Techstars global network Mother Company/ Shareholders Privately held Office space? How much? Yes, Free Location (description Dubai Funding? Yes Yes/no, how much? Equity? USD20,000-25,000 for 10% equity stake Program duration? 3 months Mentorship? Yes, access to a global network of mentors Networking/events? Yes Company registration? Will help with registration in Dubai or any other place the startup feel better fits it needs. In Dubai registration might cost from 12,000 to 20,000AED depending on the type Visas Depends on type of company registered, no special treatment Accommodation/transportationNo Training sessions Training session customized for each startup needs in all fields (marketing, business model, product market fit, legal…etc) How long the program is running? 3 intense and productive months Total number of startups More than 15 startups Best fits who? Very early stage stratups with solid technical team and global ambition How to apply? How long process takes? Online by answering 43 questions on this link http://www.f6s.com/seedstartupspring2013#programs/ajax-application Current and previous startups Exa.io, Rasello.com, matchnurse.com Website? Email? Phone? www.seedstartup.com/, all applicaties and inquiries should go through the website
  4. 4. Question Silicon Oasis What they do? Help early tech startups and entrepreneurs setup their business in Dubai through funding, mentorship, space and other services Mother Company/ Shareholders Dubai Silicon Oasis Authority Office space? How much? Yes, 40,000AED for 1 seat including telephone and internet (60,000AED for 2 seats, 75K for 3 seats. 85K for 4 seats and 120K for closed office). All in annual basis Location (description 15min away from down town Dubai Funding? Yes Yes/no, how much? Equity? USD80,000 for 20-40% equity, depending on valuation Program duration? Depends, 6,9 or 12months. After that Silicon Oasis will help in raising more funding from VC's Mentorship? Yes Networking/events? Yeah lets of networking events, investors events Company registration? The company registration cost is included in the office space cost the 40,000AED. Visas 1 visa per seat Other logistics? Secretary, Accounting, Marketing, legal advise Accommodation/transportati on Not at the moment. Still they will help you by recommending some good places Training sessions Yes, pitching training, How long the program is running? Around 2 years Total number of startups four to five Best fits who? Tech startups, scalable in Middle East, localised to the market How to apply? How long process takes? Online, attach simple business plan, how much you are looking for, 2 weeks they get back. Get a reference. For Venture funding only, you can contact dhorska@dso.ae Current and previous startups Nabbesh.com , mena.searchinmena.com, 2cvs.com Website? http://www.dsoa.ae/ or www.siliconoasisfounders.com
  5. 5. Question i360accelarator What they do? we take your idea from concept to investor-grade prototype in 120 days, plus 120 days of post- acceleration support and fund raising Mother Company/ Shareholders Private company Office space? How much? Yes, a it’s a Co-working space where each startup gets a branded desk for 2 Founder/Cofounder Location (description The Cribb Dubai, Al Quoz Ind-1, Al Manara St. 15/A. Funding? $24,000, 120 days 10-20% Yes/no, how much? Equity? 10-20% Program duration? 120 days Mentorship? Provided internally and externally (more than 100 mentors from Silicon Valley, Asia, Australia, Europe, UK). Also we have Executives-In-Resident (Resident Mentors) Networking/events? Meetups, Social, Movie Nights, Sports Competitions Company registration? Yes, they give support with admin and registration in Dubai or internationally depending on the nature of the startup – local, regional or global. Visas Yes provided Other logistics? They help with finding accommodation and settling down in Dubai Accommodation/transportation Yes provided (included) Training sessions A lot of training sessions (business model canvas, pitching, sales and marketing, IP advisory, financial management, digital marketing) How long the program is running? Close to 1 year Total number of startups Round-1 : 5 teams, Tech Backpack, at the moment 12 total, from Egypt, UK, Russia, Ukraine, 2 UAE based teams Best fits who? Idea stage, any type of startups in any market but have to be innovative How to apply? How long process takes? Application is via: 1) Innov-A-Thons (Idea Competitions at different cities Worldwide) 2) Online Pitching. Scouting process is 3-months Current and previous startups http://i360accelerator.com/#text-17 Website? Email? Phone? www.i360accelerator.com info@i360accelerator.com, +9714.3197645
  6. 6. Strong enough to do it yourself
  7. 7. Question Going Solo What they do? Nothing Mother Company/ Shareholders You are by yourself Office space? How much? Between 6,000AED to 12,000AED. Working in co-working coffee shops is not a bad idea (try The Pavillion, Make, or the Hub) Location (description Doesn't apply Funding? Try your family and friends Yes/no, how much? Equity? Doesn't apply Program duration? Until you run out of money Mentorship? If you are lucky Networking/events? Use Meetup.com (Dubai Tech Nights is a good start) Company registration? The regular cost, go for Free Zone license that costs 12,000AED and registration costs 5,000AED, then you'll need to rent an office in the Free zone probable with Dubai Internet City Visas Each Visa costs 7,000AED if I remember correctly Other logistics? Doesn't apply Accommodation/transportation Cheapest accommodation will be around 3,500AED/month. Transportation will depend, read my post here Training sessions Nop How long the program is running? Until you run out of money or kicked out of the country Total number of startups Not sure how many tried it before, but not much succeeded Best fits who? Unstoppable entrepreneurs How to apply? How long process takes? Come with tourist visa and hustle Current and previous startups www.shipandcollect.com/ Website? Email? Phone? Goodluck!
  8. 8. Share this and help other startups make their decision Good Luck :)
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