Dubai Internet City ignites innovative ideas in its third Decode hackathon

13 October 2015
Decode Dubai

Dubai, UAE: Dubai Internet City (DIC) has reflected its ongoing commitment towards empowering entrepreneurs and engaging with the tech start-up community through the third edition of its Decode Dubai hackathon, which took place from 9-10 October. The competition is part of DIC’s role as a strategic partner of Smart Dubai, with a mandate to spearhead the development of start-ups, entrepreneurs and app developers.

In partnership with FGB, the competition provided an excellent platform for participants to develop apps around Financial Technology, an increasingly important growth area for start-ups, and bought together 22 teams of developers and coders from across the region. Participants were given 36 hours to build the most innovative web or mobile applications around this sector, and Team Transacto took home the top prize, for their app which organises the notifications users receive for their banking transactions in a straightforward and efficient way.

During the competition, an esteemed judging panel consisting of representatives from Beehive, Precinct Partners, PayFort, Telr, Gulf Investor Circle Group, and FGB, selected the winning teams, based on the usability, innovation and market potential of their apps, who were awarded cash prizes from FGB, one of the UAE’s leading providers of financial solutions.

Within its role as a strategic partner for Smart Dubai, DIC has headlined a number of initiatives and events this year which aim to foster the development of new ideas, talents and technology, such as Drones for Good and HackaMENA, and in5, which provides a vibrant community and business ecosystem to start-ups across the tech value chain, has engaged with over 4,000 of the UAE’s technopreneurs, through a series of workshops, training and networking events.

Majed Al Suwaidi, Managing Director, Dubai Internet City said: “Decode Dubai has engaged over 400 technopreneurs and start-ups since January, and has proven to be an ideal platform for tapping into new ideas and strengthening the skills of developers. We, at DIC, believe that entrepreneurs need to be fostered and provided with the right support and platforms to learn from each other, gain access to industry leaders and professionals and engage with the rest of the entrepreneurial community, hence our commitment towards initiatives such as Decode Dubai.”

“We will continue to look at ways to foster talent and empower entrepreneurs particularly through our Innovation Hub, which will open in 2019, and will provide a home to innovation, creativity and pioneer industry growth.”

Khalid Rasheed Alhammadi- Head of Distribution & Channels –Consumer Banking Group- FGB said:  “The third edition of Decode Dubai was another big success and we were very pleased to support and be part of this exciting competition, which put some of the UAE’s best developers, coders and designers through their paces. The level of this year’s submissions was very high and it was exciting to see the quality of solutions and applications developed by participants, which could potentially add significant value to customers’ banking experiences. I’d like to thank all participants, as well as extend my warm congratulations to the winners.”

Sufiyan Yusuf, Developer of Transacto and Product Designer at Crazydevs said:  “Decode Dubai was a great learning experience, and we need more events like these to encourage start-ups to build amazing products that are well designed to provide a great user experience. The entire process, from idea inception to design and development in such a short timespan was quite challenge, but we enjoyed every moment of it.

“We will continue working on Transacto, to build something that not only we would use everyday, but many people would love to use.”

Dubai Internet City, a vibrant business and tech community that provides a home to over 1,400 businesses across the ICT value chain, launched the Decode Dubai competition in January, to foster the development of entrepreneurs and start-ups, and give them a platform to build new and smart solutions. Over the past nine months, the competition has bought about innovative and creative new apps across a number of Smart themes, and DIC has established itself as a champion of innovation and entrepreneurship.

For more details about the competition: http://www.dic.ae/decodedubai/