Second round of Dubai Techstars open for applications | United Arab Emirates | Technology

GINCO Investments and the Dubai Future Foundation have
opened applications for the second round of the Dubai Techstars accelerator

program aims to bring entrepreneurs from around the world to develop startup

second round will be housed in a new facility at Dubai Area 2071, and will
begin at the start of next year.

Each of
the 10 startups admitted into the second class will be relocated to Dubai where
they will participate in an intensive 13-week program. Each company can receive
a $20,000 stipend from Techstars to support their living expenses throughout
the program’s duration as well as at least $100,000 in guaranteed seed funding
from Techstars and GINCO Investments. In addition, companies will be eligible
to receive over $2 million worth of partner perks including cloud compute
infrastructure, legal advice, marketing automation tools, productivity
software, incorporation, and international banking services.

companies will be joining a global family of founders who collectively
represent over 1,300 companies with a market cap of $13.9 Billion.

Techstars and GINCO teams will once again be joined by a pool of carefully
vetted mentors who all espouse the GIVE FIRST mentality of Techstars and GINCO
teams and represent senior decision makers and expert practitioners in their
respective fields.

Mohammed Gheyath, Chairman of GINCO Group of Companies, stated: “We are proud
to continue to support entrepreneurs around the world and contribute to Dubai’s
vision to become the best international hub for founders. We look forward to
welcoming entrepreneurs to our city and cannot wait to help them launch the next
generation of businesses.”

“Our team provides a world-class mentorship-driven program;
attracting technology disruptors from around the world. A fitting stakeholder
to Dubai’s futuristic ambitious and a pillar of the entrepreneurial community
in the UAE,” stated Vijay Tirathrai, Managing Director of Techstars Dubai in
Partnership with GINCO

for the Dubai Accelerator are open now at

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *