DIFC Partners With UK’s Startupbootcamp To Support Fintech Startups in Dubai
The Dubai International Financial Centre (DIFC) has partnered with UK-based incubator network Startupbootcamp to support the development of the growing entrepreneurship, FinTech and venture capital ecosystem in the region.
The partnership will explore setting up multiple programmes for early stage startups within the fields of FinTech, InsurTech and RegTech, the DIFC said in a statement. The programmes will focus on providing guidance and mentorship to support qualifying startups during their incubation period.
The collaboration will also aim to stimulate the development of complementary products and services regional that will in turn attract more venture capital into the region.
Arif Amiri, Chief Executive Officer at the DIFC Authority, said: “We continue to deliver on our promise to lead the development of a world-class FinTech ecosystem in the region and provide an integrated platform for entrepreneurs, startups, and venture capital firms, to come together and create innovative solutions for the region through our collaboration with industry leaders like Startupbootcamp.”
Startupbootcamp has a reputation for being the world’s largest global network of industry-specific programmes that support early stage technology companies to scale their businesses by providing access to an international network of the most relevant mentors, partners and investors.
More than 1,853 active companies are registered in DIFC, including a FinTech community of 45 firms and numerous FinTech-related clients. DIFC is also home to Fintech Hive, the region’s first accelerator programme for growth stage startups.
Startupbootcamp has invested in and accelerated more than 200 FinTech and InsurTech startups across existing programmes in London, New York, Singapore, Amsterdam, Mumbai and Mexico City.