Draper-Aladdin Gives Startups The Chance To Win Half A Million Dollars At Dubai Active

Draper-Aladdin Gives Startups The Chance To Win Half A Million Dollars At Dubai Active

Dubai, United Arab Emirates, 12 August 2021: The Middle East’s biggest fitness event is back, bringing together 30,000 visitors in the spirit of health and wellness. Dubai Active Industry, which will be held between the 28th to 30th of October at the Dubai World Trade Center, will see game-changing startups from around the world competing to receive investment and global recognition. The finalists of the event will receive the privilege of pitching their businesses during the Draper-Aladdin Startup Challenge (DASC).

With the winning prize of an investment reaching $500,000, DASC aims to ensure that appropriate marketing exposure and monetary funds are delivered to the most promising startup.

Draper-Aladdin

Being a joint collaboration between Venture Capitalist Tim Draper and Founder of AladdinB2B Alaa Ismail, the Draper-Aladdin Startup Challenge is an initiative that was launched to grant innovative startups the opportunity of a lifetime. Alongside the prize money, the winner gets the chance to appear on the TV show, Meet the Drapers, to pitch their business idea to the Silicon Valley family and get a chance at exposure and crowdfunding in front of millions of viewers.

This is an opportunity for young companies who are eager to get an edge in the competitive business world. With 100 startups showcasing their initiatives and products at the event, the top ten will be decided by the investors/judges, who will then make it to the final part of the competition.

PalletPal and SolidBlock being the very first and second place winners of the previous Draper-Aladdin Competition have left the spotlight and the stage is all set for the next entry to defy all expectations and seize the top position.

PalletPal wins DASC

(Aladdin Team with the Winners of Draper-Aladdin at AIBC Blockchain Summit)

Tim Draper offered some insight, saying:

This is one of the best times in the history of the world to be an entrepreneur. These new technologies are transforming the world in a way that none of us had ever imagined. We’re taking the best ten companies from this competition and we’re going to fund the winner, and that winner is going to get somewhere between $30,000 and $500,000 as an investment, and they have the opportunity to be on Meet the Drapers, that reaches 12 million people, so we’re very excited."

Alaa Ismail also shared his thoughts, saying:

Entrepreneurship requires a strong will. Therefore, the Draper-Aladdin Startup Challenge is teaming up with Dubai Active Industry in the search of startups that are transforming the industry, to then support them with funds, knowledge, and access to a like-minded network. I am honored to be part of this extraordinary event by Dubai Active Industry that supports health and wellness. Fitness technology plays a major role in finding ways to stay active from the comfort of your own home, and achieve overall wellbeing.”

Deep Kumar, Organizer of Dubai Active Industry, welcomed the initiative:

We are very proud to team up with Draper-Aladdin on this initiative to provide a platform for startups in the fitness and wellness space to showcase their brands and products. Held alongside Dubai Muscle Show and Dubai Active, Dubai Active Industry is designed for fitness professionals and business people to learn, network, and do business at the largest fitness event in the region. We are very excited to see what startups vie for the incredible prize on offer.”

With these inspiring words from the sponsors and the organizer, the event will run for three days commencing on the 28th of October, and the competition taking place on the 30th. 

Wish to get involved? If you are a startup in the fitness, health, or nutrition space, you can apply here. The deadline for submissions is September 15. 

Dubai Active

About Dubai Active Industry

Co-located with Dubai Muscle Show and Dubai Active, Dubai Active Industry is borne out of growing demand from the fitness trade community to have a dedicated platform in the region for networking and new business development, in a setting designed for their specific requirements.

Attendees at the Dubai Active Industry will get to collaborate and hear from the industry leaders while embarking on the future of fitness. They will also be invited to participate in industry conferences and seminars featuring experts to enhance perspectives on fitness and health. With multiple fitness brands making their presence alongside innovative products, this event is not to be missed.

To learn more about Dubai Active Industry, click here

Draper-Aladdin logo

AladdinB2B

THE FUTURE OF TRADE

AladdinB2B is a business matchmaking and meetings platform helping trade events in the digital transformation. Aladdin links suppliers, buyers, investors, and startups based on business potential, creating meetings that lead to transactions.


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