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The Oil Giant of the United Arab Emirates Is Opening Positions for Brazilian Companies and Startups with Innovative Projects Focused on Energy, Architecture, Water, Transport and Logistics, and Much More.
The Sharjah Technology and Innovation Park (SRTIP) acceleration program, the third most populous city in the United Arab Emirates, has 20 positions available for Brazilian companies interested in participating in its selection process. Applications for the Sharjah Advanced Industry Accelerator (SAIA) can be submitted until August 16.
Brazilian Companies Can Win a US$ 50,000 Prize
The 20 startups selected from candidates who apply for the positions free of charge will compete for a US$ 50,000 prize for the project that performs well.
The program of the United Arab Emirates company seeks startups with projects focused on energy, design, water, architecture, transport and logistics, sustainable economy, or environmental analysis.
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The proximity of technology-based companies is a strategy to mitigate the economic dependence of the United Arab Emirates on the oil and gas sector, according to SRTIP CEO Hussain Al Mahmoudi, who has been running the program for startup projects since 2016. This is the third edition aimed at Brazilian startups and is expected to start in November.
According to the executive of the United Arab Emirates company, originally, 70% of the world’s economy is based on the oil sector, but the goal of the job offerings is to achieve zero dependence by the beginning of the next decade, and there are seven years until then. Everything is changing now, and it is a great moment for startups and established companies.
Positions May Also Be Paid and Offer a US$ 100,000 Prize
The executive emphasizes that interest in startups is also a way to generate technological support for large countries in the Middle East, which depend on oil, such as the United Arab Emirates, Iran, Iraq, Libya, and Saudi Arabia.
According to Al Mahmoudi, the company aims for Brazilian companies to compete for positions so that SRTIP can present these markets. In addition to free applications, there is an option to join by paying for the program at the price of US$ 75,000 per project.
In this category, participants can compete for the US$ 100,000 prize for the best project. Startups that pay for their application to the United Arab Emirates company’s program also have office space, access to equipment and factories, as well as individual meetings with local corporate and government entities, the organization informs.
According to the executive, it is essential to know the local rules, organizations, legislation, and the projects available in the region.
Program Timeline
Applications can be made until August 16, with an International Call for startups and scouting in the local entrepreneurial ecosystem. The selection of the 20 startups participating in the Acceleration Program will also occur on August 16.
On September 5, there will be a Bootcamp to connect startups with corporate sponsors of the program. Between September 5 and December 6, time will be used to support the development of the startups’ MVPs through individual mentoring and group sessions.
On the 6th, there will be a presentation of the MVPs and program results. For the applications, it will be necessary to fill in details such as Full Name, Email, and Mobile Phone. Applications can be made on the website of the United Arab Emirates company.
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