Egyptian startup Fresh Source came in third, winning $ 10,000 in a six-party pitch for the $ 100,000 prize at the TiE Women 2021 Global Final hosted by the Dubai Chapter in partnership with Gitex Global. The first prize was won by TiE Delhi NCR winner ZeroCircle who took home $ 75,000 while TiE New York / Toronto winner AltTex took second prize of $ 15,000.
The winners were selected by a stellar team of judges from the startup ecosystem which included Fadi Ghandour, Najla Al Midfa, Dr. Saeeda Jaffar, GV Ravishankar and Raja Al Mazrouei.
The finalists were selected from among the 41 winners who traveled to Dubai from among 37 TiE chapters, including 5 winners from the MENA region who were selected by TiE Dubai from over 100 applications received from regional startups.
As a result of local competitions, the 40 winners spanned sectors spanning life sciences and healthcare, financial technology, health technology, retail and e-commerce, the arts, recreation , sports, hospitality, technology, media and telecommunications, consumer products, business technology, environment, agritech, legaltech and edtech. All projects tackle social and enduring issues with passion and determination, according to the judges.
Prashant (PK) Gulati, Board Member of TiE Global and Chairman Emeritus of TiE Dubai, said: âEmpowering women to pursue entrepreneurship is one of TiE’s main goals. Across the world, the tech industry is widely known to be male-dominated, however, in the UAE alone, 35% of MENA tech entrepreneurs are women, representing a gradual growth of women in the world. that sector.
According to McKinsey & Company’s Women at Work report, more than 23,000 businesses are run by Emirati women with a combined value of around $ 45 billion to $ 50 billion. In addition, according to the latest statistics, the growing participation of women in the labor market could add an estimated $ 2.7 trillion to the region’s economy by 2025.
The TiE Women initiative is built on the following pillars: learning, mentoring, access to funding, scalability, safe space and community. The competition celebrates and salutes the courage, courage and hard work of women while providing a platform for them to learn, network and grow.