in5, an integrated innovation platform, launched by TECOM Group has created within Dubai a distinctive and well-rounded ecosystem for entrepreneurs and start-ups to be incubated and nurtured to their next phase of growth. in5 offers state-of the art and specialized facilities catering to Technology, Media and Design industries as well as facilitates training and mentorship programs. This dynamic and creative environment also allows for the development of innovative ideas through community wide networking events, access to investors and industry-leading market research.
Will in5 provide funding?
in5 attracts investors to review profiles of its startups and facilitates introductions. The investments/funding is negotiated directly between the startups and the investors and will be subject to the investors’ terms, conditions, criteria and selection.
Is in5 open to only UAE nationals?
No, the in5 programme is open to submission from all nationalities.
What if we have already been working on our start-up for a while? Is in5 appropriate for us?
Yes, admission to in5 is open for innovative ideas at prototype stage or ready to go-to-market stage.
What support does in5 provide?
• Set-up framework (including license, visas and office space)
• Mentorship
• Training
• Networking
• Access to funding
About our programme
How long does the programme last?
The startups are incubated for six months at in5 innovation centers. After the incubation period, the starups are relocated to a space dedicated for startup graduates.
What does the Programme expect from us?
The in5 programme expects you to contribute to entrepreneurship and innovation ecosystem through success of your startup.
Will you accept to host start-ups teams working on a similar idea?
Yes.
How should the applications be submitted?
Submissions may be done online, click here to apply.
How are applications judged?
Applications will be screened by a panel, using a five point scale, with a focus on identifying start-ups who will add value to the industry.
Can we be accepted in the programme and get my visa rejected?
Yes. The application for the visa follows standard Federal Government procedures.
What criteria do the Application Committee consider when judging applications to be part of the in5 programme?
• Level of innovation of the proposed solution
• Market potential of the project
• Management team (number and profiles of the entrepreneurs). Teams of minimum two members is mandatory.
• Economic impact on the community in the form of job creation potential and contribution to the growth of the economic base
Is it necessary to have a completed business plan to apply?
No, at the time of online submission, a complete business plan does not need to be ready. However, all elements of business model must be submitted and the solution should be at a stage of a Minimum Viable Product or prototype, proof of concept, etc.
What happens if the application submitted lacks the complete information required by the in5 Committee?
If the committee feels that it requires further information or clarification of any points, the applicant will be contacted to submit additional documents to assert their innovation. However, panel’s decision is deemed final.
What is the next step after being selected by the committee?
After receiving acceptance to join the in5 hub, the team will contact you to register your startup company. In case the selected startup is not ready to establish a company, they can avail facilities as in5-Member.
About Startups
What happens if the startup fails to sustain their business idea and wish to withdraw?
In the case a licensed startup wish to discontinue, TECOM/in5 issued trade license, lease and visas will need to be cancelled.
Is it possible to submit more than one idea at the same time?
No, only one submission is acceptable at a time.
If we have already funding can we still apply?
Yes, please explain in your application the funding you have received in the past and the reasons it was insufficient.
Do we need to be in Dubai to apply?
No. Applications can be submitted online via http://www.in5.ae. However, the startup team will need to be based in Dubai in case their application is approved.
How will we know if we have been rejected or accepted?
You will receive a response from the in5 team on the result of your submission.
Who will have access to my submission?
in5 support staff and application evaluation committee will have access to documents.
Can we apply for in5 while visiting UAE on a visit visa?
Yes. Provided you meet the Federal Government rules and criteria.