Techstars and GINCO has launched a new accelerator program in Dubai, where it focuses on supporting initiatives and companies in the sectors of transportation, construction, wellness, IoT, robotics and beyond.
In the first year of the program, ten applicants will be selected in the beginning of January 2018. Accepted startups would be required to move to Dubai for a 13 week program, which will last until April. Additionally, those accepted will receive $100,000, as well as a $20,000 in exchange for 6% common stock. Startups will also have office space, a direct connection with Techstars network as well as hands-on mentorship from leaders and executives of Techstars and GINCO.
The Applications will be open in July 2017.
For more information, read here.