Winners of ‘Get In The Ring’ Abu Dhabi to represent UAE in Singapore Global Final
Abu Dhabi, UAE, February 28 — Flat6Labs Abu Dhabi organized the global ‘Get in The Ring’ competition in Abu Dhabi in partnership with Abu Dhabi Global Market that brought in a multitude of startups that competed to proceed to the global finals to be held in Singapore May 2017 and represent the UAE winners from all over the world.
Get in the Ring is known for its innovative format where startups face off in a boxing ring. A battle between two startups consists of five 30-second rounds about the team, achievements, and business model. The competition attracted more than 100 applications with 20 fintech and cross-industry startups that were ultimately selected to take part in the innovative competition.
The competition works by bringing two startups within the same weight class based on startup valuation that battle head-to-head in the ring with their respective pitches. One battle between two teams consists of several rounds that include information about the team, the business model and its finances and more.
Three winners emerged from those three weight classes after well-fought battles at Abu Dhabi Global Market.
- Lightweight Championship Winner: Dinodrops an e-commerce platform for personalised greetings cards, party invitations, wedding stationery
-Middleweight Championship Winner: Point Checkout, is the “Paypal for Reward Points” and allows user to combine and spend their reward points from participating reward providers online and in real-time.
-Heavyweight Championship Winner (FinTech Category) NowMoney provides a convenient, intuitive and cost effective financial management and remittance solution for people who are excluded from the benefits afforded to those with traditional bank accounts
“As a key player in the Abu Dhabi start-up ecosystem Flat6Labs AD is constantly inspiring and engaging the local community of entrepreneurs, investors and corporates to help grow the ecosystem and create the next generation of Abu Dhabi home grown companies.” Said Victor Kiriakos, Managing Director at Flat6Labs Abu Dhabi. “Bringing Get In The Ring for the first time in Abu Dhabi is a testimony to those efforts” he added.
The panel of judges that helped select the winners consisted of top business professionals from across a wide range of industries:
-Amjad Ahmad, Managing Partner at Precinct Partners, former CEO of NBK Capital.
- Issa Aghabi, Venture Capital Investment Officer at the IFC, former Head of Investment at twofour54
- Wai Lum Kwow, Executive Director, Capital Markets at Abu Dhabi Global Market
- Victor Kiriakos, Managing Director, Flat6Labs Abu Dhabi
Aside from competing globally against winners from 100+ countries, the three winners of Get In The Ring Abu Dhabi will also receive the opportunity to showcase their startup at the Step Conference Startup Bootcamp and will have access to mentorship and guidance from the Flat6Labs Abu Dhabi Team.
It was overall a great introduction to Get In The Ring in Abu Dhabi, an event that showcased innovative startups that have what it takes to compete locally and globally.
