Dubai PR Network, Online Press Release from Dubai and Middle East
 
Business, Banking and Investments(Banking & Investments)
Filter PR by
  
Startupbootcamp Establishes Headquarters at Dubai International Financial Centre
 
Startupbootcamp Establishes Headquarters at Dubai International Financial Centre

Dubai, UAE, 27 July 2020: Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region has announced that Startupbootcamp, one of the world’s most active global industry-focused startup accelerators and investors has established its regional headquarters at DIFC.  

The establishment of the new regional offices for Startupbootcamp further cements the long-standing partnership between the accelerator launched by Rainmaking in the Middle East and the DIFC. Startupbootcamp FinTech Dubai was launched in 2018 in partnership with DIFC, VISA, Mashreq and HSBC and to date has successfully graduated 20 FinTech start-ups in the fields of payments, lending and Islamic digital banking.  
Startupbootcamp is part of Rainmaking, one of the world’s leading corporate innovation and venture development firms with 12 offices globally, including major tech hubs such as London, Copenhagen, Dubai, Singapore and New York.  


DIFC and Startupbootcamp Dubai facilitate an annual intensive three-month growth programme to support the business growth of start-ups and prepare them for operations and future scaling. Start-ups also benefit from mentorship and easy access to comprehensive resources, insights, technology and world-leading expertise to secure proof-of-concepts to validate their business models.  


Over the last three years, FinTech has become a rapidly growing focus, supporting Dubai’s position as the leading global financial hub in the MEASA. Today there are over 200 FinTech companies based out of the DIFC, which is over 50% of all FinTech in the GCC. The first half of 2020 saw DIFC FinTech Hive triple in size with the opening of a larger space in Gate Avenue supporting start-ups, scale-ups and entrepreneurs. The expanded space further enhances DIFC’s dynamic ecosystem, providing businesses with access to funding as well as mentorship, knowledge sharing and collaboration with leading global financial institutions.   


Three re-occurring programmes now take place within the Centre, supporting start-ups at various stages of their growth journey. These include the original DIFC FinTech Accelerator programme, FinTech Hive Scale Up and Startupbootcamp scheme.


The growth in the FinTech sector has further enhanced the Centre’s reputation as one of the world’s most advanced financial centres and reinforces Dubai’s position as a top international Financial Innovation Lab, as listed by Global Finance. 


Arif Amiri, Chief Executive Officer of DIFC Authority, said: “After years of steadfast growth and development in FinTech, we are delighted to welcome Startupbootcamp’s headquarters to our Centre. The DIFC’s robust ecosystem of unique infrastructure, expertise in multiple fields, and access to the international community of the world’s leading financial institutions offers stellar opportunities for new and existing start-up FinTech firms both in the region and globally to elevate and grow their businesses.”


“Our strategic partnership with Startupbootcamp strengthens our commitment to shaping the future of finance and supporting Dubai’s position as the leading global financial hub in the Middle East, Africa and South Asia region through developing successful and innovative FinTech start-ups in the DIFC,” added Amiri.
Lars Buch, CEO Rainmaking MENA & Russia, said: “We decided to move Rainmaking MENA’s headquarter in DIFC to give new impulse to our common commitment to drive innovation in the UAE and support the growth of promising tech companies from different industries. Since 2017, Rainmaking and DIFC have been partnering to attract the best FinTech startups from around the globe, and we’re now working on launching together new and ambitious innovation programs that will generate a huge impact in the UAE.”


“Although the post-COVID era will push the world towards an increasingly virtual dimension, we will still need a physical hub where businesses can meet, exchange knowledge and develop together new opportunities. And DIFC is just the best place to make this happen,” added Buch.


Posted by : Dubai PR Network Editorial Team
Viewed 2995 times
PR Category : Banking & Investments
Posted on : Monday, July 27, 2020  2:13:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Instinctif Partners and Advert One Complete IPO Advisory Rol...
Next Story : Bionic Companies Pave The Way Forward For Stronger Business ...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Make Up for Ever Introduces for the First Time Its New Active Care-in-foundation to Revive... [5961-Views]
HONOR 2020 H1 Business Achievements in International Markets [3817-Views]
Here's Why A Silicone Cleansing Brush Champions Other Cleansing Tools and Techniques [3382-Views]
Panasonic Jaguar Racing Head to Berlin for a Lockdown Showdown [3177-Views]
Samsung Launches Galaxy Watch3 and Galaxy Buds Live [3095-Views]
Save up to AED 25,000 on Pre-Owned Lexus Cars with Al-Futtaim Auto Fest [3067-Views]
Get Your No-MakeUp MakeUp Look With Hourglass [3046-Views]
Safe Start-up of Unit 1 of Barakah Nuclear Energy Plant Successfully Achieved [2948-Views]
Parmigiani Fleurier Tonda 1950 Tourbillon [2632-Views]
Schneider Electric Shows They Are Acting to Build a Green and Inclusive Future for All Thr... [2599-Views]
Sony Middle East & Africa Announces ‘Ready for PlayStation®5' for current BRAVIA™ TVs [2517-Views]
UAE Team Emirates Back to Winning Ways [2308-Views]
Lacoste Launches the Roland - Garros Eyewear Collection [2304-Views]
Introducing the New Omega Constellation Gents' Collection' [2288-Views]
Pre-Orders for Samsung's Galaxy Note20 and Galaxy Note20 Ultra Now Open in the UAE [2148-Views]
Jafza Sets a New Benchmark With ‘collaboration for Safe and Sustainable Growth' Webinar' [2128-Views]
Up to €500,000 to Support the Most Promising Innovators: The Agrofood BIC Accelerator Issu... [1968-Views]
The Last Few Weeks of Dubai Shopping Mall Group's Summer Promotion [1960-Views]
Dubai Sports Council and Ski Dubai to Host One of the World's First Snow Sports Competitio... [1952-Views]
Kia Motors Collects Over 2,000 Pairs of Football Boots via UEFA Europa League Trophy Tour ... [1919-Views]
Cebu Pacific Advisory: Suspension of Domestic Passenger Flights to/from Manila – Aug 4 to ... [1919-Views]
The Best Just Got Better – Sony Middle East & Africa Announces WH-1000XM4 Industry-Leading... [1792-Views]
New Month, New Goals [1788-Views]
No Premium Without Responsibility: BMW Group Makes Sustainability and Efficient Resource M... [1771-Views]
Post-COVID Travel is Set to Become Smarter. Here's How. [1771-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories