Sheraa’s impact on the UAE entrepreneurial ecosystem


May 23, 2019 | By RetailME Bureau

The Sharjah Entrepreneurship Center (Sheraa), a launch pad for aspiring and established entrepreneurs in the UAE, recently revealed its Impact Report. Highlighting the influence Sheraa has had on the entrepreneurial ecosystem since its inception in 2016, the centre presented key findings and metrics, thus far.

Additionally, Sheraa took the opportunity to showcase the graduates from the latest Series A programme, and announced the winner of the $50,000 grant at their annual Ramadan majlis, held at Al Jawaher Reception & Convention Centre, Sharjah.

The Impact Report drew attention to the staggering contribution Sheraa has made towards the entrepreneurial community in the last three years. The investments and revenue generation alone stand at $61.1 million, while Sheraa’s start-ups have helped create a total of 506 jobs. Moreover, Sheraa has awarded $533,000 in grants in the recent past, through its four-fold programme module that support start-ups at all levels.

“As Sheraa marks our third anniversary, I could not be more proud of how far we have come. In three years, we have graduated 72 start-ups that have raised over $37 million in investment, generated over $24 million in cumulative revenue and provided over 500 jobs. We are also proud to be hosting our fifth Showcase Day. Our graduating start-ups have come a long way over the past 12 weeks and we have no doubt that they will continue to have a positive impact on their societies and economies. While Sheraa’s journey is far from over, I am confident that we will continue to see tremendous growth, especially with the unwavering support of our partners and wider community,” said Najla Al Midfa, CEO, Sheraa.

Following the launch of the report, Sheraa showcased their line-up of start-ups graduating from Series A. Having completed the rigorous and intensive three-month programme addressing key milestones in the journey of growth, entrepreneurs were groomed on refining strategy and customer experience to make them ready for their next round of investments.

The teams and individuals presented their ideas to leading investors, key opinion leaders and heads of government entities, after which, internal and external committee rankings ultimately chose Mr Draper as the grant winner. Mr Draper is UAE’s first online personalised shopping service for men, offering clients customised boxes of clothing directly delivered to their doorstep.

Lastly, the Ramadan Majlis also saw the collaboration between Sheraa and Expo Live move towards completion, with a graduation ceremony being held to celebrate the participants’ achievements. The tailored programme, which began in February 2019, saw start-ups explore a range of topics – including market research, pitch training, story mapping, persona creation, vision & goal setting and defining product features of the minimum viable product (MVP). Entrepreneurs got the opportunity to pitch their start-ups and showcase their MVPs to a panel of Sheraa experts at the ceremony, followed by graduation certificates being handed out to all applicants.

Previous Article Next Article

SHARE

YOU MAY ALSO LIKE /


Sunil Kumar, CEO, Spinneys

Starting as a shelf packer in 1994, Sunil Kumar saw his way 

Continue Reading

October 29, 2024 | By RetailME Bureau
Sunil Kumar and Debashish Mukherjee at MRF 2024

What does it take to sustain profitable growth in the post-IPO phase? 

Continue Reading

October 23, 2024 | By Anurima Das

Mahalle began its operations in 2022 as an “Authentic Turkish Grocery in 

Continue Reading

October 7, 2024 | By Anurima Das
Naresh Kumar Bhawnani, Founder & Chairman, West Zone Group

“Retail is a people’s business. When building a retail brand or the 

Continue Reading

October 3, 2024 | By RetailME Bureau
Sunil Kumar, CEO, Spinneys

From being one of the first retailers in Dubai to ban single-use 

Continue Reading

October 1, 2024 | By RetailME Bureau
Walid Shabana, Co-founder & CTO, Rabbit

For starters, Rabbit is a growing e-commerce grocery platform in Egypt always 

Continue Reading

September 30, 2024 | By RetailME Bureau
Arunachalam Palaniappan, CTO, Choithrams

In 2024 grocery retail major Choithrams has achieved several milestones underscoring its 

Continue Reading

September 12, 2024 | By RetailME Bureau
#Topshelftalks session at Food Business Forum 2024

Industry pioneers are embracing a comprehensive strategy that integrates consumer insights, digital 

Continue Reading

July 3, 2024 | By Anurima Das
#EdgeOfTomorrow session at Food Business Forum 2024

The regional grocery retail market is evolving fast keeping pace with constantly 

Continue Reading

July 3, 2024 | By Rupkatha B
#CartToCouch session at Food Business Forum 2024

If anything, the Middle East market is excited about quick commerce – 

Continue Reading

July 2, 2024 | By Rupkatha B
#EcoEchoes session at Food Business Forum 2024

From ethical and local sourcing to adopting cutting-edge technologies to curb food 

Continue Reading

July 2, 2024 | By Rupkatha B
#ByteSizedBreakthroughs session at Food Business Forum 2024

The regional grocery retail market is becoming more and more diverse, offering 

Continue Reading

July 2, 2024 | By Rupkatha B




Download Images RetailME Magazine