The integrated free zone technology park Dubai Silicon Oasis (DSO) has announced the launch of Sandbox.
The region’s first-of-its-kind startup initiative to help early-stage technology firms scale and raise finance.
The Program has received over 600 applications from startups and entrepreneurs.
Within four months of its inception at Gitex Future Stars in October 2021,
The Dubai Technology Entrepreneur Campus, DSO’s tech hub and coworking space.
Also, the largest of its kind in the Middle East and North Africa (MENA) region.
It has accepted twelve applicants working in tech-related industries to participate in the 12-month program.
Sandbox is Dtec’s groundbreaking initiative.
Founded on six pillars: product creation, traction, scaling, financial diagnostics, legal assistance, and wellness.
Sandbox relies on the current thriving network of budding entrepreneurs in this region.
The organization recognizes the importance of assisting companies in their early phases.
Additionally, providing Sandbox participants with exceptional business setup rates.
Along with access to major venture capital funds and a wide range of services from Dtec’s partners.
"SME companies account for about 95% of all businesses in Dubai, and they employ 42% of the private sector's workforce.
Nonetheless, there is a financial shortage for startups and entrepreneurs in their early stages.
This program satisfies that need by assisting companies, particularly those creating promising tech-driven inventions, in gaining a foothold.”
“When we originally thought of Sandbox, we were optimistic that it would pique the interest of the business community.
However, it was a difficult task to sort through all of the applications and select a few.
“We’re looking forward to seeing what these 12 startups do with their time and experience here.”
According to Dr. Al Matrooshi, the director-general of the startup oasis.
The 12 entrepreneurs will be guided through a schedule, including theoretical and practical training.
Along with mentorship sessions, and networking opportunities.
Participants will benefit from more than 200 hours of practical workshops spread throughout the six pillars.
Additionally, they will be having more than 100 hours of one-on-one mentorship.