DUBAI- Building on the success of the inaugural class of Techstars Dubai in partnership with GINCO, Techstars, GINCO Investments, and Dubai Future Foundation’s Area 2071 initiative have invited entrepreneurs from around the world to apply to the second class of the accelerator until October 14th.
The second Dubai programme will continue to focus on businesses, which can leverage Dubai’s unique business and regulatory environment for exponential growth. The programme will be hosted in a brand-new facility at the heart of Area 2071, Dubai Future Foundation initiative, which represents the nexus of entrepreneurship, public sector, and corporate innovation.
Abdulaziz Khalid Al Jaziri, Deputy CEO at the Dubai Future Foundation said, "We are delighted to welcome the second cohort of Techstars Dubai in partnership with GINCO to Area 2071. Our vibrant community of founders, regulators, and executives is creating one of the most exciting places to launch innovative solutions in the world." Gheyath Mohammed Gheyath, Chairman of the 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 programme, 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," said Vijay Tirathrai, Managing Director of Techstars Dubai in partnership with GINCO. Each of the 10 start-ups admitted into the second class will be relocated to Dubai where they will participate in the world-renowned intensive 13-week programme.
Each company can opt to receive a US$20,000 stipend from Techstars to support their living expenses throughout the programme’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. Participating companies will be joining a global family of founders who collectively represent over 1,300 companies with a market cap of $13.9 billion. To apply for the second class, please visit bit.ly/apply-dxb. Applications will remain open until 14th October.
© Copyright Emirates News Agency (WAM) 2018.