TiE Women Global Finals to take place at GITEX2021

TiE Women Global Finals to take place at GITEX2021

Finalists of the TiE Women Global competition to present their business concepts at GITEX 2021

Dubai, UAE – 13October2021–TiE Global (TiE.org) and its Dubai chapter (TIEDubai)have entered a trailblazing partnership with GITEX to host the 2021 TiE Women Global Finals, an initiative dedicated to helping women reach their full potential by empowering them with the necessary support to build their leadership skills and grow their businesses.

GITEX Global 2021 will welcome finalists from various TiE chapters for a chance to win valuable prizes, including the monetary gain of up to 100,000 USD and support from mentors and investors. With more than 100 applications received from the regional startupsfrom the MENA region – UAE, Egypt, Bahrain, Jordan, Lebanon, Oman, Saudi Arabia and others, TiE Womenaims to provide budding women entrepreneurs in the region as well as across other markets with a platform to collaborate and showcase their business potential.

TiE Women Global Competition received applications from 37 participating chapters across the globe andadditional regions in the MENA region fostered by TiE Dubai. As the result of local competitions, 40 winners will travel to Dubai to participate in the grand finalecovering industries asLife Sciences & Healthcare, Fintech, Healthtech, Retail and eCommerce, Arts, Leisure, Sports, Hospitality, Technology, Media and Telecommunications, Consumer Products, Enterprise Technology, Environment, Agritech, Legaltech, and EdTech.

In this 2ndyear, the TiE WomenGlobal Awards not only celebrates industry pioneers, but also acknowledges the work of all women entrepreneurs across the globe irrespective of the size, origin, interests, standing and enterprise background. The initiative shines a spotlight on women founded business from across the worldchampioning women on their achievements.

To support women entrepreneurs across the globe who have applied for the competition, three active learning workshops, four open mic nights, 10 accelerator experts’ session for 159 start-ups and seven connect series sessions with marquee speakers were organised. Locally, to support the applicants across the MENA region TiE Dubai also organised 30+educational sessions, consisting of1:1 mentoring sessions, clinics, active learning workshops to empower women in business with the right skills and knowledge.

Prashant (PK) Gulati, TiE Global Board Trustee and President Emeritus, TiE Dubai commented, “Empowering women to pursue entrepreneurship is one of TiE’s key objectives.Across the globe, the technology industry is widely known to be male dominated, however, in the UAE alone, 35% of technology entrepreneurs in the MENA region are women, representing progressive growth of women in this sector.GITEX 2021 is Middle East’s biggest regional ICT exhibition and will provide a perfect platform for aspiring women entrepreneurs to access funding, investors, mentors, learning and networking.”

According to McKinsey & Company Women at work report, more than 23,000 businesses are run by Emirati women with a combined worth of approximately $45–50 billion[1]. Moreover, and as per the latest statistics women’s increasing participation in the workforce could add an estimated $2.7 trillion to the region’s economy by 2025.

Now running for the second consecutive year forthe MENA region, TiE Dubai chapter has already expanded with five finalists in the UAE, Egypt, Saudi Arabia, Levant, and the rest of the GCC and the Middle East:

2021 MENA winners that were selected in August 2021 are:

  • UAE: Shake Your Plants–Consumer Products/ Food
  • Egypt: Fresh Source – Agri Tech
  • Jordan/Lebanon: ViaVii– Travel / Tourism / Technology
  • Saudi Arabia: iMemory– Medical / Technology
  • Palestine: Amal – Construction/ Technology

The five MENA finalists will have the opportunity to present their business ideas to a panel of independent jury members made up of successful entrepreneurs, investors, corporate honchos, and exceptional women in the driving seat. They will also compete at the grand finale during GITEX Technology Week 2021.

“We extend our congratulations to all the finalists of the regional MENA competition on being an inspiration to women aspiring to start a business and wish all of them the best to win the coveted global competition. Built upon best practices, participation in TiE Women will result in access to funding, increased networking, global exposure, and visibilityand an incredible opportunity for start-ups to be coached by a diverse group of mentors who are a part of TiE professional network,”added Shameema Parveen and Anastasiya Golovatenko, Program Co-chairs for TiE Women, TiE Dubai.

The TiE Women initiative is built on the Pillars of: Learning, Mentoring, Access to Funding, Scalability, Safe Space and Community. The competition celebrates and salutes womens’ courage, grit, and hard work while giving them a platform to learn, network and grow.

Register your interest to attend GITEX Global 2021 and hear from inspirational women in business at TiE Women Global Finals 2021https://gitex.com/tie-women/

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About TiE:

The Indus Entrepreneurs (TiE) was founded in 1992 in Silicon Valley by a group of successful entrepreneurs, corporate executives, and senior professionals with roots in the Indus region. There are currently 15,000 members, including over 2,500 charter members in 61 chapters across 14 countries. TiE’s mission is to foster entrepreneurship globally through mentoring, networking, education, incubating, and funding. Dedicated to the virtuous cycle of wealth creation and giving back to the community, TiE’s focus is on generating and nurturing our next generation of entrepreneurs.

About TiE Dubai:

The TiE Dubai chapter was established in 2003 to promote the spirit of entrepreneurship in the Middle East region. TiE Dubai through its diverse charter members provides assistance and guidance to a community of more than 3,000 budding entrepreneurs through events and programs that span across Networking, Mentoring and Education. For more information, visit https://dubai.tie.org/

[1] In UAE 23 thousand women run USD 50 billion valued businesses, Women Economic Empowerment Portal, February 2017, weeportal-lb.org

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