C5 has launched Cloud 10 technology accelerator programme or ‘Scalerator’ powered by Amazon Web Services. Cloud 10 is one of the first platforms in the region created to help young, technology firms to ‘scale-up’ their businesses using the cloud.
Companies apply to the programme and C5 selects the best, young, firms from across the MENA region (that are revenue generating) and provides them with a highly structured 3-month programme of intensive mentorship giving them the practical tools to rapidly ‘scale’ their businesses.
The Cloud 10 programme also works as an international business exchange and C5 will connect the companies with its network of distinguished international partners, collaborators and investors who have technology entrepreneurship, technology private equity and security expertise, like AWS.
Hadyah Fathalla, Executive Director of C5, said, “Our aim with the Cloud 10 programme was to create a platform that allows exciting new disruptive technology companies to flourish. We created the Cloud 10 ‘Scalerator’ which works in a similar way to a mini MBA, essentially we closely mentor these companies through a series of structured coaching sessions and give them access to an international network of investors and business contacts.”
Teresa Carlson, Vice President, Worldwide Public Sector of Amazon Web Services, said, “Cloud computing is the new normal and we are proud to support C5 as they launch the C5 Cloud 10 Accelerator. This provides an opportunity for start-ups across the region to grow and new businesses to scale to reach markets around the world.”
