The Dubai Crypto Center initiative seeks to entice blockchain and Web3 companies to the UAE.
A new accelerator programme for blockchain and Web3 startups has been unveiled by the Dubai Crypto Centre.
The Government of Dubai Authority on Commodities Trade and Enterprise's flagship free zone, DMCC, and the world's largest Web3 incubator and consultancy firm, TDeFi, have teamed together to support cryptocurrency firms.
The accelerator programme will draw a new generation of cryptocurrency enterprises to Dubai by providing mentorship and seminars on a variety of issues important to expanding a business.
The DMCC Crypto Centre is currently home to more than 550 members, making it the largest concentration of Web3 and blockchain companies in the region.The month-long programme will run for a minimum of two editions over the next 12 months, with interested companies receiving priority guidance and services from DMCC to formally set up at the Crypto Centre.At the end of each cohort, TDeFi will also select a handful of startups to be part of its in-depth incubation programme, providing them with access to additional TDeFi advisory services and its growing ecosystem.
As we build on the success that the Crypto Centre has had since its opening, supporting Web3 and blockchain enterprises is a critical focus for DMCC, according to Ahmed bin Sulayem, Executive Chairman and CEO at DMCC.
"We have firmly established Dubai as a major hub for crypto by giving crypto businesses and entrepreneurs everything they need to succeed.
"Our additional agreement with TDeFi adds yet another arrow to our quiver and will assist developing crypto entrepreneurs in bringing their ideas to light in Dubai," says the company.
According to Gaurav Dubey, CEO of TDeFi, "Our comprehensive curriculum encompasses multiple modules that will support entrepreneurs and businesses functioning in the cryptocurrency field, from conception to scaling their start-ups.
"There is no better venue for us to conduct our latest accelerator programme because DMCC has built a leading ecosystem of Web3 and blockchain startups through its Crypto Centre.
The DMCC Crypto Centre is a vast ecosystem for firms that create web3 and blockchain technology, as well as related value-added services. It offers everything that crypto enterprises and entrepreneurs need to get started and grow their businesses.
February 2023, CrypptoniteUae