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To address the challenges facing the luxury retail industry, Dubai Future Foundation (DFF) has partnered with Swiss luxury brand holding company Richemont to create the ‘Future of Luxury Retail Technology’ programme.
The program, overseen by Dubai Future Accelerators (DFA), an initiative of the Dubai Future Foundation, includes two challenges and will target UAE-based global start-ups, scale-ups, We are accepting entries from small and medium-sized businesses. They are encouraged to design innovative solutions to improve customer experience and engagement and increase engagement with young customers, while efficiently managing waiting times in their boutiques.
The deadline for submissions is Sunday 28 January 2024 and can be submitted via the DFF website. Entries will be evaluated by a special committee and finalists will be selected based on quality, practicality, economic feasibility, and potential future impact.
Related: Future 100 releases first list of 100 companies shaping UAE’s future
Abdulaziz Al Jaziri, Deputy CEO, Dubai Future Foundation (Source: Dubai Future Foundation)
“This new challenge will support collaboration between government agencies, private companies and entrepreneurs to generate ideas that are in line with the importance of the retail sector,” Abdulaziz Al-Jaziri, deputy CEO of DFF, said in a statement. “This challenge addresses the importance of developing innovative solutions that serve our customers.” ” he demands.
Pierre Faillard, CEO of Richemont MEIA, further added: “In line with our firm determination to strengthen the process of innovation and support promising talent who deliver the potential of the future, through this challenge we will be working with the Dubai Future Foundation. We are pleased to announce the renewal of our partnership with.” Shape the future. We will continue to develop innovative experiences and work together to reimagine the future of luxury retail. ”
Finalists on the five-week program will receive air travel, visas, accommodation for two people per company, access to state-of-the-art creative facilities and mentorship from senior Richemont personnel. can do. . Participants will also have the opportunity to establish connections with government agencies, institutions and investment companies within and outside the UAE. Additionally, you will receive support in obtaining a commercial license for your potential business in Dubai.
Related: Dubai Future District Fund launches Venture Fellows Program to empower the next generation of Emirati investors and entrepreneurs
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