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I360accelerator Introduction

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i360 Accelerator is here in Dubai to inject entrepreneurial knowledge into your brain and motivate you to take action on your ideas. …

i360 Accelerator is here in Dubai to inject entrepreneurial knowledge into your brain and motivate you to take action on your ideas.

YOU are here because you have an innovative idea for a new business -- or you have some extra cash lying around and are looking for a smart way to invest it.

TOGETHER we will shake up the local scene and build a better ecosystem for entrepreneurs, startups and SMEs in the Middle East and North Africa.

Published in: Business, Economy & Finance

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  • 1. + Co-creation Collaboration Innovation Globalization Investment
  • 2. + i360accelerator is here… … to inject entrepreneurial knowledge into your brain and motivate you to take action on your ideas. YOU are here because you have an innovative idea for a new business -- or you have some extra cash lying around and are looking for a smart way to invest it. TOGETHER we will shake up the local scene and build a better ecosystem for entrepreneurs, startups and SMEs in the Middle East and North Africa.
  • 3. + What’s the deal? i360accelerator is our name, helping startups and entrepreneurs in MENA is our game. We’re like a fast car, only instead of taking you from zero to 60 in 3.5 seconds, we take your idea from concept to investor- grade prototype in 60 days. Basically, we teach participants the fundamentals of creating an innovative business and making it a success; provide “been there, done that” wisdom from experienced mentors; and offer a little pocket money in exchange for a tidbit of equity.
  • 4. + Who is it for? Creative Geniuses Innovative Businesses Innovators and entrepreneurs Corporations seeking innovation with an idea for an innovative breakthroughs through business or technology competitions, sponsorships and intrapreneurship Opportunity Hunters Smart Sellers Regional and international Service providers supporting teams investors seeking ROI from with their product and service vetted startups offerings Policy Makers Wisdom Dealers Government agencies building Mentors sharing their business an entrepreneurial expertise and experience with the infrastructure next generation of entrepreneurs
  • 5. + Why all this trouble? We believe there is a gap between innovative IDEAS and commercialization in MENA. There are a lot of creative people with great ideas, but most ideas never launch because people: 1)  don’t have early funding; 2)  don’t know to form a successful team; 3)  don’t have any experience in building or running a business. i360accelerator exists to help creative people overcome these obstacles and leap across the great divide.
  • 6. + How does it work? Design Prototype Launch During the first 20 days, For the second 20 days, During the final 20 days, you form and reform. you prototype your idea you design a business You gather a team and -- now an innovative model and go-to-market receive leadership solution – and work plan. You test your20 days 20 days 20 days instruction. Your through all the issues prototype with a innovative idea is you haven’t thought of selective audience, and shaped and polished. before. You gain insight change up your product Your research validates and make or service as needed. your idea and uncovers improvements. You learn You learn how to deliver markets for it. Maybe how to better a killer pitch to you even create communicate its investors. Intellectual Property. benefits. You receive peer feedback, analyze and The result? An restart, if necessary. The result? A live innovative, viable new prototype ready for business presented on customer testing. Investors’ Day, at the The result? A close of the accelerator Minimum Viable Product program. with possible IP.
  • 7. + What’s in it for ME (WIIFM)? For entrepreneurs and startups? !  Business development networking !  Business and specialized training !  Mentors, coaches and educators !  24/7 innovative space !  An IT and product design lab with coding and design experts !  Entrepreneurial classes, seminars, matchmaking and events !  70,000aed in seed capital and follow-up funding For investors? !  Early access to innovative business ideas and regional startups !  Minimized investment risk due to extensive entrepreneur training and mentoring, idea shaping and market validation !  Opportunity to assist with team selection and guidance !  Stress-tested startup teams and ideas worth investing in For organizations and corporations? !  Access to innovative ideas, technology and IP to be incorporated into the company’s offerings !  Sponsorship opportunities during the program and at special events !  Opportunity to assign internal teams (intrapreneurs) to the accelerator to develop IP or conduct innovation projects
  • 8. + Ok, when are you coming to town? Accelerator Round 1: November 2012 Dubai Accelerator Round 2: January 2013 Abu Dhabi Accelerator Round 3: February 2013 Beirut Accelerator Round 4: March 2013 Amman
  • 9. + How can I join? If you want to apply for i360accelerator, there is no form to complete (sorry to disappoint). Here’s the deal: 1.  Attend a local i360hub innov-a-thon event (i360accelerator.eventbrite.com) pitch your idea, form a brainstorming team, and do a final pitch for 3500 AED startup prize. 2.  If you and your idea are a hit, your fellow innov-a-thon attendees can nominate you for i360accelerator. 3.  All nominees will be carefully reviewed and selected by the i360accelerator team and early stage investors. By the way, for i360acclerator there is a pre-funding fee of AED 70,000 to cover costs and some living expenses. This fee can be applied in one of three ways, depending on the resources you have available: !  Fully pre-funded - i360accelerator takes 5% equity !  Half pre-funded - i360accelerator takes 10% equity !  No pre-funding - i360accelerator takes 15% equity
  • 10. + What is i360hub Innov-a-Thon? Innov-a-thon from i360hub.com is a one-day innovation idea marathon to help budding entrepreneurs conceptualize all type of ideas for business ventures that could be something in the future. How does it work? !  RSVP- Join the crazy fun idea marathon (http://i360accelerator.eventbrite.com) !  Pitch Your Idea- Beginning with open mic pitches on Saturday at 10am, attendees are encouraged to bring their best and innovative ideas (not a ready business). !  Meet and Connect- When pitching your idea, inspire others to join your team. Put on your best smile and get to work. !  Work- During the day, teams conceptualize the ideas, receive mentorship and education while having fun. !  Pitch, Nominate, and Win- Finally, pitch again at the end of the evening for a 3500 AED prize of start-up cash! You will walk away with your cash. The best part is that you (the crowd) get to decide who wins (2000aed 1st winner, 1000aed 2nd winner, 500aed 3rd winner). All the groups will have five minutes to pitch their projects and the rest of the participants will decide who wins. The crowd also nominates people for i360accelerator. (Note: Final selections will be made by i360hub.com and early stage investors.)
  • 11. + Who is behind all of this? Kamal Hassan is a 20-year veteran of the business world and a serial entrepreneur (which means he “gets” it). Corporate strategy, business development, innovation management – he’s done it all. As founder of Innovation 360, and co-founder of Innovation Machine, both based in Dubai, Kamal is the missing link between you and “the man.” Elena Katernyuk is a Jill of all trades when it comes to sales, marketing, networking and event management. She puts her formidable organizational skills to work keeping everything on target.! Mohammad Reda Zahrani is an IT specialist with a knack for software development and website design. He is the man behind the curtain who makes the technical magic possible. Debra Jennings is a published business and innovation author, and an entrepreneur who excels at marketing and social media – as long as she can do it from home in her PJs.
  • 12. + Is this a dream? No. i360accelerator is real. It is founded and managed by regional entrepreneurs who are working to reverse the Middle East “brain drain.” Is it a dream come true? Yes, for the graduates of the accelerator who walk away with an innovative new business and the knowledge to make it a success, and for all of us who benefit from their creative genius.
  • 13. + How can I reach you? Office + 971 4 319 7645 Mobile + 971 55 772 4583 I360hub Linkedin Group Fax + 971 4 319 7647 contact@i360hub.com www.facebook.com/i360hub Level 41 Emirates Towers | @i360hub Sheikh Zayed Rd. | PO. Box: 31303 | Dubai | UAE I360hub