In the dynamic world of technology, innovation and diversity are key drivers of success. Yet, women-led tech startups in the UAE often face unique challenges in accessing the support and resources they need to thrive. Enter the accelerator program, a transformative initiative designed to empower women entrepreneurs in the UAE’s tech sector. This article delves into the details of this exciting program and how it, in collaboration with C3 (Companies Creating Change), is set to make a significant impact.
A Transformative Initiative: Women in Tech Accelerator
The “Standard Chartered Women in Tech” accelerator program is not just another support initiative. It’s a comprehensive platform offering women-led tech startups in the UAE unparalleled opportunities to scale their businesses and make a substantial impact. Here’s what makes this program stand out:
- Equity-Free Prize Money:
- Up to USD 150,000 in equity-free prize money is available, providing a significant financial boost without diluting ownership.
- Global Networking:
- Participants gain access to the extensive global networks of Standard Chartered Bank and C3, facilitating connections with industry experts, mentors, and potential investors.
- Personalized Support and Workshops:
- The program offers tailored workshops and mentorship in critical areas such as business strategy, impact measurement, governance, and talent development.
- A Part of a Global Initiative:
- Operating successfully in multiple countries, the program is part of a broader global Women in Tech initiative, fostering a powerful network of empowered women in tech worldwide.
Why This Program Matters for Women-Led Tech Startups in the UAE
Women entrepreneurs often encounter significant barriers in the tech industry. The Women in Tech accelerator aims to dismantle these barriers by providing not only financial support but also the critical guidance and networks necessary for success. This initiative supports the UAE’s vision of fostering innovation and diversity within its rapidly growing tech sector.
What’s In It for You?
Here’s a snapshot of what participants can expect:
| Benefit | Description |
|---|---|
| Prize Money | Up to USD 150,000 in equity-free prize money |
| Global Network Exposure | Access to Standard Chartered Bank’s and C3’s extensive global networks |
| Workshops and Mentorship | Personalized support in business strategy, impact, governance, and talent development |
Selection Criteria for Women-Led Tech Startups in the UAE
To ensure the most promising startups are selected, the program has specific criteria:
- Gender Diversity: At least one female co-founder is required.
- Stage of Development: Startups should be early-stage with a minimum viable product, operational for at least one year (Seed-stage and pre-series A).
- Innovation and Scalability: Solutions must be innovative and scalable.
- Sustainable Impact: Demonstrating sustainable impact (environmental, social, or economic) is crucial.
- UAE-Based: Startups must be registered and operating in the UAE.
Commitment and Program Structure
The accelerator spans three months, combining online and in-person sessions. Participants should be prepared to commit up to five hours per week to fully benefit from the program.
About C3 – Companies Creating Change
is a UAE-based social enterprise dedicated to helping entrepreneurs unlock unique opportunities, achieve incredible growth, and maximize lasting impact. Their tailored learning journeys and impact accelerators focus on solving the world’s most pressing social and environmental challenges. Over the years, C3 has supported over 2,500 entrepreneurs, engaged more than 4,000 experts, and connected with 150+ investors【9†source】【10†source】.
The Impact of Women-Led Tech Startups on the Tech Industry
Women-led tech startups in the UAE bring a fresh perspective to the tech industry, driving innovation and promoting inclusive growth. However, these startups often face unique challenges such as limited access to funding, mentorship, and networks. The Women in Tech accelerator addresses these challenges by offering a comprehensive support system tailored specifically for women entrepreneurs.
The Journey of a Participant
Let’s take a closer look at what a typical journey for a participant in this program might look like:
- Application and Selection:
- Interested startups apply through the official website, providing details about their business, team, and innovative solutions.
- Applications are reviewed based on the selection criteria, and the most promising startups are selected to join the program.
- Program Kickoff:
- The program begins with an orientation session, introducing participants to the program structure, mentors, and key resources available.
- Workshops and Mentorship:
- Participants engage in personalized workshops covering essential topics such as business strategy, impact measurement, governance, and talent development.
- Regular mentorship sessions provide guidance and support from industry experts and successful entrepreneurs.
- Networking and Exposure:
- Throughout the program, participants have numerous opportunities to network with industry leaders, potential investors, and other entrepreneurs.
- Participants showcase their startups at various events, gaining exposure and valuable feedback.
- Final Pitch and Prize Money:
- At the end of the program, participants present their startups to a panel of judges.
- The top startups receive equity-free prize money, providing a significant financial boost to scale their businesses.
Frequently Asked Questions About the Standard Chartered Women in Tech Accelerator
How much time do I have to dedicate to the program? Participants need to dedicate up to five hours per week for group sessions from 2 July to 10 October 2024. Detailed time commitments will be communicated upon selection.
Can other team members participate in the program? While the content is primarily designed for founders, the contributions of all team members are valued. We can discuss including C-level team members for specific sessions. Your input is important, so don’t hesitate to ask!
Does Standard Chartered Women in Tech invest in startups or ask for equity? No, Standard Chartered Women in Tech supports you without financial burden. The program does not involve any investment in your company nor does it request equity or financial commitment.
Do I need to travel for the program? The accelerator features a hybrid model with weekly online and in-person sessions in Downtown Dubai or Internet City. At least one co-founder must attend these sessions.
Read more on CrunchDubai:
Final Thoughts
The “Standard Chartered Women in Tech” accelerator program is a beacon of opportunity for women-led tech startups in the UAE. By providing essential financial support, expert mentorship, and global networking opportunities, this program is set to drive sustainable growth and empower the next generation of women entrepreneurs in the tech industry.
Don’t miss out on this incredible opportunity to transform your startup and make a lasting impact. Apply now and take your place in the global network of empowered women in tech!
For more details and to apply, visit the .
Vasilii Zakharov
This is a fantastic initiative! Empowering female-led tech startups in the UAE is crucial to spur innovation and diversity in the technology sector. The standard Chartered Women in Tech Accelerator program, in collaboration with C3, offers a vital life for these entrepreneurs by providing much-needed resources and support.It is fascinating to see this program championing women’s leadership in the UAE’s dynamic technology landscape, paving the way for greater inclusion and effective growth.
Vasilii Zakharov
This is a fantastic initiative! Empowering female-led tech startups in the UAE is crucial to spur innovation and diversity in the technology sector. The standard Chartered Women in Tech Accelerator program, in collaboration with C3, offers a vital life for these entrepreneurs by providing much-needed resources and support. It is fascinating to see this program championing women’s leadership in the UAE’s dynamic technology landscape, paving the way for greater inclusion and effective growth.