The application window for the second round of the Techstars Dubai accelerator program is now open. It’s an exciting opportunity for tech innovators in MENA and beyond to receive institutional support and turn their ideas into tangible, marketable products.
Just like the previous round, the forthcoming series of the Techstars program will also focus on businesses that have the means to leverage Dubai’s business and regulatory environment and grow at an exponential rate. Organized by a collaboration between GINCO Investments and the Dubai Future Foundation, the program will kick off at a new facility in the city’s Area 2071 early next year.
“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.
All the ten startups shortlisted as participants in the program will have to relocate to Dubai, where they will be taking part in an intensive 13-week program. A stipend of $20,000 will be provided to the participants to support their living expenses throughout the program’s duration.
Once they graduate from the program, each startup can expect a seed funding of at least $100,000 from Techstars and GINCO Investments. Additionally, they will also be eligible to receive partner perks worth more than $2 million including productivity software, legal advice, cloud infrastructure, marketing automation tools, international banking services, and more.