Techstars Dubai Accelerator opens applications for 2nd Class

Selected applicants will be hosted in Area 2071, Dubai's home for technology entrepreneurship and government innovation

  
Techstars Dubai Accelerator opens applications for 2nd Class
  • Applications are open now until 14th of October 

Dubai, UAE: 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 are cordially inviting entrepreneurs around the world to apply to the second class of the accelerator. Applications will remain open until October 14th.

The second Dubai program will continue to focus on businesses which can leverage Dubai’s unique business and regulatory environment for exponential growth. The program 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 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”

Mr. Gheyath 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” Vijay Tirathrai, Managing Director of Techstars Dubai in Partnership with GINCO

Each of the 10 startups admitted into the second class will be relocated to Dubai where they will participate in the world renowned intensive 13-week program. Each company can opt to 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.

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.

The 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.

To apply for the second class, please visit bit.ly/apply-dxb  Applications will remain open till October 14th.

-Ends- 

About Area 2071:Area2071, is a physical, digital platform and ecosystem that supports public and private sector disruptive collaborations and experiments. Area2071 is the platforms arm managed by the Dubai Future Foundation and is strategically linked to the UAE’s Centennial Vision 2071. Area2071 aims to solve for the next billion people by producing system-level, disruptive questions and experiments. The solutions to these questions are co-created through collaborations with a wide ecosystem of public and private x-labs, startups, accelerators, incubators, venture capital and academia.

For more information please visit http://area2071.ae/  

About GINCO Group:Founded in 1975 by Gheyath Mohammed Gheyath, GINCO Group is a 4000-employee diversified engineering company servicing such clients as Dubai Properties, EMAAR, Nakheel, Wasl, Dubai Police, and others. GINCO Investments, the firm's venture and innovation arm of focuses on supporting and nurturing the UAE SME community and empowering entrepreneurs with global ambitions. For more information, please visit www.ginco.investments 

About TechStars:Techstars is the worldwide network that helps entrepreneurs succeed. Techstars founders connect with other entrepreneurs, experts, mentors, alumni, investors, community leaders, and corporations to grow their companies. Techstars operates three divisions: Techstars Startup Programs, Techstars Mentorship-Driven Accelerator Programs, and Techstars Corporate Innovation Partnerships. Techstars accelerator portfolio includes more than 1,300 companies with a market cap of $13.9 Billion. www.techstars.com 

© Press Release 2018

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