The Dubai Future Foundation and Swiss luxury brands company Richemont are inviting innovators and entrepreneurs from around the world to propose ideas to enhance the retail experience of some of the most luxurious boutiques in the world as well as attract younger customers.
Richemont is home to some of the most luxurious brands in the world including Cartier, watchmakers Piaget and Panerai, shooting specialists Purdey, fashion brands Chloe and dunhill and online fashion retailers Net-a-Porter and the Outnet.
DFF and Richemont want to hear new ideas from innovators, startups, scale-ups and SMEs about how technology and innovation can improve waiting time in luxury boutiques, while enhancing client experience and engagement.
Successful candidates will be given a five-week, expenses paid opportunity to develop their ideas in partnership with skilled advisors and mentors. The program will include air travel, visas and accommodation for two people per company, with access to state-of-the-art creative facilities, regional investors, advice from senior personnel at Richemont, and help with setting up a company outpost in Dubai.
The deadline for submissions is Sunday 28 January 2024 and can be made via the DFF website.
Entries to the challenge will be evaluated by a special committee, based on quality, practicality, economic feasibility, and potential impact. Finalists will then be invited to take part in the five-week program in Dubai.
Companies participating in the challenge will connect with government entities, institutions and investment companies in the UAE and beyond, and receive support in obtaining commercial licenses if looking to operate in Dubai.