DIFC in tie-up to support startups

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DIFC in tie-up to support startups
The DIFC is partnering with Startupbootcamp to support the development of the FinTech ecosystem.

dubai - The partnership will explore setting up multiple programmes for early stage startups

By Staff Report

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Published: Tue 19 Jun 2018, 8:02 PM

Last updated: Tue 19 Jun 2018, 10:04 PM

The Dubai International Financial Centre (DIFC) has announced that it is entering a partnership with Startupbootcamp to support the development of the growing FinTech and venture capital ecosystem, as well as to promote entrepreneurship in the region.

The partnership will explore setting up multiple programmes for early stage startups within the fields of FinTech, InsurTech and RegTech, in collaboration with a broad range of stakeholders from various sectors - beyond the realm of financial services. The programme will focus on providing the necessary guidance and mentorship to support the qualifying early stage startups during their incubation period.

It will also see the two parties jointly nurture the UAE and regional venture capital ecosystem.

"Dubai remains at the forefront of driving the future of this important industry and enabling the development of an inclusive financial ecosystem across the Measa region," said Arif Amiri, CEO at the DIFC Authority.

Startupbootcamp has relationships with a network of global brands, investors and mentors who will bring their expertise into the region to help the selected programme participants develop locally, regionally and globally relevant FinTech and InsurTech solutions.

- business@khaleejtimes.com


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