Journey

Stage 1:IdeationPhase Stage 2:IncubationPhase Stage 3:AccelerationPhase Application Opens(September/January) Universities open the enrollment forstudents to apply for the Alchemyprogram at the beginning of eachsemester.. Pitch Deck Students are eligible to apply forthe Alchemy benefits by providinga proposal of an idea in a presentationformat (Pitch Deck). A team can beup to 5 students. Evaluation Each university will have a facultyin residence or program managerwho will review the pitch deck, givefeedback, and will select ideas toparticipate in the pitch day. Incubation During the incubation phase, startups willwork on developing their ideas into MVPs.Also, they will have access to services providedby different stakeholders. Readiness for Demo Day Startups should provide evidence ofreadiness and an MVP to participatein the Demo day. Program managershould select participating startups. Acceleration In the acceleration phase startups areadmitted to Dubai based acceleratorprograms such as Area 2071 and in5.Also, they can access different servicesat affordable prices. Enhance MVP In these programs, startups will work on testing,running, and enhancing their MVPs. By the endof the acceleration phase, startups should havea ready solution and enterprise. Enter the Market Startups can spinoff, and enter the innovativeprojects market held at Area 2071. Startups willhave the opportunity to showcase their productsand services and network with investors andentrepreneurs for business opportunities. Demo Day(December/May) The demo day will be held at AREA2071 twicea year. Startups will present their prototypesto the steering committee consisting of VCs,& investors where startups will get opportunitiesto raise funds. Pitch Day Each university will have a pitch day, wherean assessment panel from the university andrepresentatives from supporting entities will nominate up to 8 startups to receive a grant upto AED 10k. UP TOAED10,000GRANT Provided byDubai SME UP TOAED100,000GRANT Provided byMohammed Bin RashidInnovation Fund

Universities

Dubai SME

The Government of Dubai Legal Affairs Department

in5

Area 2071

Mohammed Bin Rashid Innovation Fund

In the university

In Area 2071

In the ecosystem

Universities

Dubai SME

in5

Area 2071

The Government of Dubai Legal Affairs Department

Mohammed Bin Rashid Innovation Fund

In the university

In Area 2071

In the ecosystem