NIRU Accelerator by telecommunications giant Ooredoo Maldives hosted its first demo day, showcasing the accomplishments of three innovative startup companies that participated in the 12-week accelerator program.
At the event, Ooredoo Maldives also announced further investment and provision of seed-funding for:
1) Ideanize, customised conversation agents for businesses helping them to digitalise and streamline operations.
2) Kumbu, a centralised sea-transfer management system to locate vessels, book tickets or hire an excursion vessel without any hassle.
3) B2B Maldives, launched supply.mv - an online platform which provides integrated logistics and supply solutions for business.
The demo day was attended by Minister of Communication, Science and Technology Mohamed Maleeh Jamal, Chief Executive Officer of Communication Authority of Maldives (CAM) Ilyas Ahmed, Managing Director of Fenaka Corporation Ahmed Saeed Mohamed, Chief Executive Officer (CEO) of Ooredoo Maldives Najib Khan, as well as key stakeholders from the entrepreneurship community of Maldives.
“Today, we are both proud and nostalgic as NIRU Accelerator reaches another historic milestone. It’s been a great journey so far, and we are honoured to have kick-started this program with highly innovative and dedicated teams", said CEO Khan.
"NIRU Accelerator Program aims to develop the start-up ecosystem in the Maldives and unlock the untapped potential of young entrepreneurs across the nation”.
Furthermore, Khan stated, “Our first wave only strengthened our belief in the vast potential of local entrepreneurs, and we will continue to develop the NIRU platform to best suit the needs of our participants and the entrepreneurship eco-system as a whole”.
NIRU Accelerator is a learning-based business accelerator program in the Maldives, started by Ooredoo Maldives last year for innovative start-ups companies that are working towards social change.
At the end of the program, start-ups received the chance to pitch for further investments. NIRU also connects participants to lifelong partnerships and opportunities even after the end of the accelerator program.
Teams gained entry to the accelerator program through a Hackathon held in partnership with Ideamart by Dialog Axiata PLC, and received access to a 12-week long intensive mentor-based learning program, co-working space, digital tools for building their business and the essential technical support from experts.
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