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▸ Three acceleration programmes now conduct operations from the space within the DIFC, including FinTech Accelerator programme, FinTech Hive Scale Up and Startupbootcamp
▸ New expanded DIFC FinTech Hive space moves to Gate Avenue, adding to its eclectic diverse mix of business, retail and technology
Dubai, UAE, 4 March 2020: DIFC FinTech Hive, the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region, today announced the expansion of the business and innovation space within the Centre.
The increased physical footprint of DIFC FinTech Hive reflects the exponential growth in financial technology and innovation start-ups and increased demand for mentorship, knowledge-sharing, funding and direct access to leading global financial institutions. The expanded space within the Centre will house a new event area playing host to events and large scale workshops, whilst the increased co-working area will accommodate additional start-ups, scale-ups and entrepreneurs, enabling them to capitalise on sector growth.
The additional space will further bolster the DIFC’s dynamic ecosystem and allow ambitious organisations to unlock opportunities to develop, test and modify their innovations in collaboration with top executives and world-leading financial institutions as part of a forward-thinking professional community.
Three acceleration programmes now conduct operations from the space within the Centre, including FinTech Accelerator programme for growth-stage startups looking for accelerated market access opportunities, FinTech Hive Scale Up programme which will enable series A start-ups access to VCs and strategic investment partners to support their regional scale ambitions and early-stage programme that will support start-ups with seed funding and support in ideation and development phases.
Launched in January 2017, DIFC FinTech Hive has grown to become a hub of innovation, leading the MEASA region’s efforts to transform the future of finance. The accelerator programme supported by 21 financial industry partners, attracts leading technology entrepreneurs and innovation start-ups through an intensive, competitive process to participate in a 12-week curriculum that enables growth-stage start-ups expand in the MEASA region. The programme also helps start-ups tailor their businesses to meet local demand and enter the MEASA market with fresh ideas while gaining a network of financial industry contacts to help implement their solutions.
The expansion follows the launch of the new funding accelerator programme FinTech Hive Scale Up in January 2020 which enables Series A+ start-up companies to grow through developing strategic partnerships and accessing investment resources through the DIFC FinTech Hive ecosystem. Supported by six leading investment partners –