GINCO Investments and the Dubai Future Foundation have opened applications for the second round of the Dubai Techstars accelerator program.
The program aims to bring entrepreneurs from around the world to develop startup enterprises.
The second round will be housed in a new facility at Dubai Area 2071, and will begin at the start of next year.
Each of the 10 startups admitted into the second class will be relocated to Dubai where they will participate in an intensive 13-week program. Each company can 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.
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," stated Vijay Tirathrai, Managing Director of Techstars Dubai in Partnership with GINCO
Applications for the Dubai Accelerator are open now at https://www.f6s.com/techstarsdubaiinpartnershipwginco/apply