Dubai’s Department of Tourism and Commerce Marketing (DTCM) has announced a strategic collaboration with GITEX Future Stars to launch the first-ever Dubai Tourism Startup Competition - Futurism, which invites bright minds and innovators from around the world to submit ideas and business plans that will further revolutionise the city’s travel and tourism sectors.
The competition is in line with the Dubai 10X initiative launched under the leadership of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, which is guiding the emirate’s journey towards becoming a global hub for innovation in the next ten years. It is also an effort towards discovering innovative solutions and facilitating further growth of the startup ecosystem, in alignment with Dubai's Tourism Vision 2020, to attract 20 million visitors per year by 2020.
The Futurism competition features two key pillar categories – hospitality and visitor experience – for which individuals and startups can submit innovative ideas and business plans. Each submission will be judged by panel of experts, and a shortlist of the top 30 submissions will be awarded exhibition space at this year’s edition of GITEX Technology Week, scheduled to take place in Dubai from 8-12 October 2017. This offers a platform for the shortlisted candidates to showcase their innovative solutions to attending conglomerates, investors and venture capitalists. Ultimately, three winners will be selected in each category who will receive access to Dubai Tourism experts, as well as industry leaders to transform their vision to reality. A total prize value of US$100,000 has also been allocated to be distributed to the six winners as initial startup capital.