The programme will provide all the resources needed to take a startup from its initial launch to establishing a scalable business, enabling substantial growth and obtaining fundraising opportunities.
Applications are now open for financial technology and smart banking-based startups to join the second cohort of the Startupbootcamp FinTech Dubai Accelerator, organised by the MENA region’s financial hub Dubai International Financial Centre (DIFC) as well as various key players in the financial banking sectors like HSBC, Visa and Mashreq Bank.
After the success of the accelerator’s first cohort in April, which graduated ten international and regional Fin-Tech startups by helping them develop their business model and obtain fundraising opportunities with market leaders around the world, Startupbootcamp is now recruiting a new group of ten emerging startups at a global scale.
“Startups are supported and coached by our partners and over 80 industry-leading mentors throughout this journey, as well as have the opportunity to meet local and regional angel investors and venture capital firms. Companies who graduated from the Startupbootcamp accelerators, manage to raise on average $1.3 million in funds to scale their business,” says Khaled Lababidi, Managing Director of Startupbootcamp FinTech Dubai.
Startups applying to the Startupbootcamp FinTech Dubai Accelerator will have the opportunity to join the 3-month accelerator programme taking place in Dubai’s financial district from January to April 2020. The programme will provide all the resources needed to take a startup from its initial launch to establishing a scalable business and enabling substantial growth. Most importantly, the selected startups will also have access to Startupbootcamp’s global network of investors, entrepreneurs and corporate partners, as well as retaining certain perks such as free co-working spaces,EUR 15,000 to cover living costs and over 300,000 EUR worth of partner deals.
Over the next few months, the Startupbootcamp FinTech Dubai team will be hosting dedicated ‘FastTrack’ events in Dubai and across the greater Middle East, to give startups the chance to present their ideas and to learn more about the programme. Additionally, the Startupbootcamp FinTech Dubai team will visit other international cities including London, Toronto, New Delhi, Singapore and more, to recruit the best FinTech startups.
“Startupbootcamp has developed the world’s largest network of fin-tech accelerators and Dubai is among the most interesting hubs at the moment. The evolution and continuous progress of the industry would not be possible without the outstanding and forward-looking support of companies like DIFC, Visa, Mashreq and HSBC, which are providing startups with an unparalleled level of insights, technology and expertise,” says Lars Buch, CEO of Startupbootcamp MENA.
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