{"id":24350,"date":"2023-10-09T15:17:11","date_gmt":"2023-10-09T15:17:11","guid":{"rendered":"https:\/\/www.meretailnews.com\/?p=24350"},"modified":"2023-10-09T15:17:11","modified_gmt":"2023-10-09T15:17:11","slug":"calibrate-commerce","status":"publish","type":"post","link":"https:\/\/www.meretailnews.com\/2023\/10\/09\/calibrate-commerce\/","title":{"rendered":"Calibrate Commerce launches incubator programme for Mena start-ups"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<span data-preserver-spaces=\"true\">Dubai-based e-commerce specialist\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.calibratecommerce.com\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Calibrate Commerce<\/span><\/a><span data-preserver-spaces=\"true\">\u00a0has launched an incubator for Mena&#8217;s homegrown e-commerce businesses, Calibrate Labs.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u00a0The initiative is created for entrepreneurs who are looking to work on their <a href=\"https:\/\/www.meretailnews.com\/2023\/09\/08\/mena-retail-magnitt\/\">start-up<\/a> ideas or to scale already established ventures.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The applications are being accepted and reviewed on a rolling basis.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">General manager at Calibrate, Nagham Akileh, said: &#8220;We enable entrepreneurs through our expertise while alleviating some of the risks involved in building a business.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u00a0&#8220;We believe it is necessary to embed ourselves within the ecosystem, and invest in and nurture innovative ideas that address gaps in the market and add value to consumers.&#8221;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u00a0Calibrate Labs invests in businesses on a case-by-case basis, and &#8220;it is not always monetary, but in some cases, it&#8217;s our team&#8217;s time and effort in exchange for revenue share and\/or equity&#8221;, added Mr Akileh.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Calibrate Commerce is collaborating with eight direct-to-consumer brands across different categories to amplify their growth, including cashback platform MADrewards and plants e-commerce shop Nabataty.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u00a0&#8220;We also have two niche retail ideas in development, and aiming for another 8 to 10 over the next 12 months,&#8221; adds Akileh.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u00a0&#8220;All will include either an equity stake or revenue share or a combination of both, depending on the type of investment needed (financial, resources, etc) in their business.&#8221;<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">According to research firm\u00a0<\/span><span data-preserver-spaces=\"true\">MAGNiTT<\/span><span data-preserver-spaces=\"true\">, Mena retail and e-commerce start-ups are growing at a fast pace.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dubai&#8217;s e-commerce specialist\u00a0Calibrate Commerce\u00a0has created Calibrate Labs, an incubator for Mena-based e-commerce start-ups<\/p>\n<p>\u00a0<\/p>\n","protected":false},"author":40,"featured_media":21923,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1,4106],"tags":[4321],"_links":{"self":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/24350"}],"collection":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/comments?post=24350"}],"version-history":[{"count":1,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/24350\/revisions"}],"predecessor-version":[{"id":24351,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/posts\/24350\/revisions\/24351"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media\/21923"}],"wp:attachment":[{"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/media?parent=24350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/categories?post=24350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.meretailnews.com\/wp-json\/wp\/v2\/tags?post=24350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}