Techstars Dubai Accelerator in partnership with GINCO opens applications for 2nd Class hosted at Dubai's Area 2071

MAGNiTT News 2 years ago - Wed, Aug 29, 2018, 6:16 AM

Techstars Dubai Accelerator in partnership with GINCO opens applications for 2nd Class hosted at Dubai's Area 2071
Author: MAGNiTT

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.

 

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