The Intelak Incubator and Dubai SME will jointly host an training program to help Emirati youths to launch businesses.
Intelak, a travel and aviation incubator founded last year by Emirates Group, GE and Etisalat, has signed an MoU with Dubai SME, the SME agency of the Dubai Department of Economic Development (DED).
The two will organise the Intelak Idea Lab, a three-week training program for young Emiratis to provide them with skills and training to turn their ideas into businesses.
The lab will take place at Dubai SME's Hamdan Innovation Incubator (Hi2). The training program consists of five modules that bring travel and aviation ideas to life. Including training on value creation, market research, audience acquisition, prototyping and creating the perfect pitch, among others, the workshops are being led by an international facilitation team, and will give participants access to work class mentors from the founding partners. The end goal of the three-week programme is to have participants develop a clear and tangible business plan based on their aviation or travel related idea.
The agreement was signed by Abdul Baset Al Janahi, Chief Executive Officer of Dubai SME, Abdulaziz Al Ali, Emirates' Executive Vice President HR; Rania Rostom, GE's Chief Innovation Officer for the Middle East, North Africa & Turkey; Abeer Nijmeh, Etisalat's Senior Director, Business Strategy and Open Innovation.
"The Hamdan Innovation Incubator (Hi2) in itself is an ecosystem where entrepreneurs evolve and their ideas progress into feasible projects. The ‘Intelak Idea Lab' is a significant addition to the entrepreneurial talent pool and sector expertise at the Hamdan Innovation Incubator. Dubai SME also see it as an enabler of our SME2021 Plan, particularly in terms of the Plan's emphasis on sector-based capability development as well as partnership with regional and international stakeholders," said Abdul Baset Al Janahi, Chief Executive Officer of Dubai SME.
"In today's fast moving world, it's important to recognise that creative ideas cannot stand without a well-developed plan of implementation. To turn abstract thought into a real and tangible reality is a feat that requires fortitude and hard work. The partnership with Dubai SME is the perfect approach to support young aspiring UAE National entrepreneurs by giving them a proper foundation to turn their aviation-related ideas into businesses," said Abdulaziz Al Ali, Emirates' Executive Vice President HR.