Majid Al Futtaim launches Accelerator Programme targeting regional SME and startup companies

Majid Al Futtaim launches Accelerator Programme targeting regional SME and startup companies 

By: Abu Dhabi SME Hub
News

Working in partnership with AstroLabs, Majid Al Futtaim will identify ambitious young brands and provide them with the support, know-how and tools to succeed.

Majid Al Futtaim, the shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, has announced Majid Al Futtaim Launchpad, an accelerator programme aimed to attract startups and SMEs in strategic sectors to turbo-charge growth plans and support economic development. 

In partnership with AstroLabs, a technology ecosystem builder in the MENA region, Majid Al Futtaim Launchpad focuses on delivering diverse benefits to programme participants. These include unrivalled access to business growth incentives, mentorship programmes, and a vast innovation ecosystem to strengthen the commercial viability of startups and SMEs across the region.

Why join the program?

The program will provide regional startups and SMEs a gateway to tangible growth opportunities, strong networks, access to monetary incentives and mentorship through:

Accessing New Revenue Streams

  • Access to Majid Al Futtaim’s retail spaces
  • Access to Majid Al Futtaim’s online channels
  • Broader customer acquisition reach through marketing support

Increasing Operational Efficiencies

  • Cost reduction on fees and upfront payments
  • Fast track integration into Majid Al Futtaim’s ecosystem
  • Access to the broader Majid Al Futtaim capabilities

Gaining Unrivalled Market Knowledge

  • Access to market insights from Majid Al Futtaim’s data lake
  • Connect with Majid Al Futtaim experts and decision-makers
  • Benefit from Majid Al Futtaim’s leadership through mentorship & implementation

Program focus

The Majid Al Futtaim Launchpad focuses efforts on supporting core growth areas, including Homegrown Brands to attract startups with a unique and fascinating story, focusing on culture and heritage, sustainability, and innovation; Health and Beauty to identify and elevate startups with innovative products and tech solutions designed to elevate the customer experience; and Proptech to target startups that offer innovative and sustainable solutions to help optimise the efficiency of construction, digitise property development, residential communities and hotels spaces, and enhance the experiences in the shopping mall.

Majid Al Futtaim Launchpad will foster and grow the SME and startup ecosystem, providing knowledge, inspiration, and the critical support companies need to grow their business quickly and conveniently while attracting, developing, and supporting world-class talent. The Launchpad will provide fast, convenient, state-of-the-art solutions and services to customers while offering a gateway to tangible growth opportunities, such as accelerating customer acquisition, improving operational efficiencies, and providing best-in-class mentoring to startups and SMEs from the region. 

The deadline to apply falls on July 5. 

SME and startups can learn more, as well as apply to the program, here: http://majidalfuttaimlaunchpad.com

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