Applications open for second class of Techstars Dubai accelerator programme
Building on the success of the inaugural class of Techstars Dubai, Dubai Future Foundation’s Area 2071 initiative is inviting entrepreneurs around the world to apply to the second class of the accelerator programme starting today. Applications will remain open until October 14th.
The second Dubai programme will focus on businesses which can leverage Dubai’s business and regulatory environment for exponential growth. It will be hosted in a brand new facility in the heart of Area 2071, Dubai Future Foundation initiative which represents the nexus of entrepreneurship, public sector, and corporate innovation.
Each of the ten startups admitted into the second class will be relocated to Dubai where they will participate in an intensive 13-week program. Each company can opt to receive a USD20,000 stipend from Techstars to support their living expenses throughout the programme’s duration as well as at least USD100,000 in guaranteed seed funding from Techstars and GINCO Investments. In addition, companies will be eligible to receive over USD2 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 USD13.9 billion.
The Techstars and GINCO teams will 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.
“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,” said Gheyath Mohammed Gheyath, Chairman of GINCO Group of Companies.
“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.
Applications for the Dubai Accelerator are open now and the program will kick off in Q1 2019. Interested applicants can apply here: bit.ly/apply-dxb