For 54 hours this weekend in Abu Dhabi entrepreneurs will be allowed just one minute to pitch ideas for a mobile or Web application.
A worldwide programme, called Startup Weekend, is coming to the capital giving technical and ideas-driven entrepreneurs a meeting place to form the basis of a business.
Over the course of the weekend, the entrepreneurs then have to encourage others to join their team, build a prototype and present it to judges on Saturday evening.
The event in Abu Dhabi is being sponsored by the Khalifa Fund for Enterprise Development, which is offering Dh36,500 (US$9,936) in prize money.
"This is where someone without technical knowledge can find the right partner to team up and put an idea into implementation," says Ziad Matar, the head of Middle East and central Asia for Qualcomm, a telecommunications company from the United States that is one of the event's major sponsors. "The weekend brings together tech heads with the business heads to join forces to start a company."
Mr Matar believes augmented reality, which is a form of virtual technology, will be one of the hot mobile applications areas that entrepreneurs will be pitching ideas.
This is just one area of mobile applications that will prompt a flurry of new ideas this weekend.
With it, in the not too distant future, you might be reading this in the newspaper before swiping your smartphone over it to be shown a video of the interviews that made up the article.
"This is where we see the trend going. How we use a lot more of the phone's functionalities to make lives easier for the consumer and more entertaining," says Mr Matar.
Mobile and web applications are one of the most active scenes for entrepreneurs at the moment in the UAE, with a number of programmes in place to encourage start ups.
This month, Startup Weekend in Dubai was attended by 300 people and 39 teams who worked on ideas. A local competition called The Big Start, created by Al Tamimi Investments, will announce its third annual winner next month.
Moreover, SeedStartup, a business accelerator and early-stage venture capital fund in Dubai, is in the process of taking applications for the second round of its three-month programme, which focuses on mobile and internet ideas.
The company picks entrepreneurs to invest in and then helps their ideas grow into commercially viable products over a three-month period, with the help of a team of mentors from industry. It has received more than 150 applications so far, more than double the previous programme, which started last year.
Metwit, a social networking website where people discuss the weather at their location, launched its new website with the help of Seedstartup. Users can now post pictures of the weather and add comments. The website and mobile app even feeds in posts about the weather from Twitter and Instagram.
"When we came to Dubai, we were working part time. We began to focus on our task and our job. This was the main achievement we got from Dubai," says Michele Ruini, the chief executive of Metwit, which was founded by five Italians.
Mentors on the programme include: Dan Stuart, the founder and chief executive of GoNabit; Sim Whatley and JC Butler, the founders of Dubizzle; and Paul Kenny, the chief executive at Cobone.com.
"The mentorship programme was good to start up," says Mr Ruini.
"We learnt stuff we were not familiar with because, for all of us, this was our first experience."
rjones@thenational.ae
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Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
Simran
Director Hansal Mehta
Stars: Kangana Ranaut, Soham Shah, Esha Tiwari Pandey
Three stars
Company%20profile
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COMPANY%20PROFILE
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The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Klipit%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Venkat%20Reddy%2C%20Mohammed%20Al%20Bulooki%2C%20Bilal%20Merchant%2C%20Asif%20Ahmed%2C%20Ovais%20Merchant%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Digital%20receipts%2C%20finance%2C%20blockchain%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%244%20million%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Privately%2Fself-funded%3C%2Fp%3E%0A
THE APPRENTICE
Director: Ali Abbasi
Starring: Sebastian Stan, Maria Bakalova, Jeremy Strong
Rating: 3/5
Company%20Profile
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Joker: Folie a Deux
Starring: Joaquin Phoenix, Lady Gaga, Brendan Gleeson
Director: Todd Phillips
Rating: 2/5
Jigra
Starring: Alia Bhatt, Vedang Raina, Manoj Pahwa, Harsh Singh
FFP EXPLAINED
What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.
What the rules dictate?
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.
What are the penalties?
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.
COMPANY%20PROFILE%20
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The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
SPECS
Engine: Two-litre four-cylinder turbo
Power: 235hp
Torque: 350Nm
Transmission: Nine-speed automatic
Price: From Dh167,500 ($45,000)
On sale: Now
Sui Dhaaga: Made in India
Director: Sharat Katariya
Starring: Varun Dhawan, Anushka Sharma, Raghubir Yadav
3.5/5
COMPANY PROFILE
Founders: Alhaan Ahmed, Alyina Ahmed and Maximo Tettamanzi
Total funding: Self funded
UAE currency: the story behind the money in your pockets
COMPANY%20PROFILE
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FINAL RESULT
Sharjah Wanderers 20 Dubai Tigers 25 (After extra-time)
Wanderers
Tries: Gormley, Penalty
cons: Flaherty
Pens: Flaherty 2
Tigers
Tries: O’Donnell, Gibbons, Kelly
Cons: Caldwell 2
Pens: Caldwell, Cross
The biog
Fast facts on Neil Armstrong’s personal life:
- Armstrong was born on August 5, 1930, in Wapakoneta, Ohio
- He earned his private pilot’s license when he was 16 – he could fly before he could drive
- There was tragedy in his married life: Neil and Janet Armstrong’s daughter Karen died at the age of two in 1962 after suffering a brain tumour. She was the couple’s only daughter. Their two sons, Rick and Mark, consulted on the film
- After Armstrong departed Nasa, he bought a farm in the town of Lebanon, Ohio, in 1971 – its airstrip allowed him to tap back into his love of flying
- In 1994, Janet divorced Neil after 38 years of marriage. Two years earlier, Neil met Carol Knight, who became his second wife in 1994
The%20specs
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UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
Revival
Eminem
Interscope