DP World launches round 3 of its accelerator programme

Reading Time: 2 minutes

turn8Dubai-based marine industry group DP World announced that its seed accelerator programme TURN8 will enter its third round of financing to promote entrepreneurship and innovation culture in the UAE.

TURN8 is now accepting technology business ideas for the third round of acceleration to begin in August 2014 in Dubai. The four-month scouting phase for round 3 will begin with an idea pitching event in Dubai on May 7, followed by pitching events in select cities around the world. Interested parties can also submit ideas online.

In addition to Dubai and Abu Dhabi, cities slated for TURN8 Round 3 events include Cairo, Beirut, Mumbai, Jakarta, Hanoi and Tricity (Poland). TURN8 will also hear pitches in Casablanca, Nairobi and Cape Town as part of the Seedstars World Global Start-up Competition.

“TURN8 fills a gap in the marketplace by identifying and nurturing startups with early stage ideas, and supporting them in building a minimal viable product that attracts authentic demand in their addressable market. We achieve this through a 120-day program that involves a hands-on approach and continued support post-graduation,” said Mohamed Hamdy, TURN8 Managing Director.

A total of 20 start-up teams were chosen for TURN8 accelerator rounds 1 and 2. Several round 1 teams have been in discussions to receive follow-on investments after last January’s demo day event. Round 2 teams are preparing for their own demo day where a number of unique technology ideas will be debuted.

Start-up teams selected for round 3 will be invited to Dubai for four months where they will receive mentoring to refine and launch their business idea, training in how to run a successful business, and seed funding of $30,000 per team, including valued services.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid

Reading Time: 2 minutes

Dubai-based marine industry group DP World announced that its seed accelerator programme TURN8 will enter its third round of financing to promote entrepreneurship and innovation culture in the UAE.

Reading Time: 2 minutes

turn8Dubai-based marine industry group DP World announced that its seed accelerator programme TURN8 will enter its third round of financing to promote entrepreneurship and innovation culture in the UAE.

TURN8 is now accepting technology business ideas for the third round of acceleration to begin in August 2014 in Dubai. The four-month scouting phase for round 3 will begin with an idea pitching event in Dubai on May 7, followed by pitching events in select cities around the world. Interested parties can also submit ideas online.

In addition to Dubai and Abu Dhabi, cities slated for TURN8 Round 3 events include Cairo, Beirut, Mumbai, Jakarta, Hanoi and Tricity (Poland). TURN8 will also hear pitches in Casablanca, Nairobi and Cape Town as part of the Seedstars World Global Start-up Competition.

“TURN8 fills a gap in the marketplace by identifying and nurturing startups with early stage ideas, and supporting them in building a minimal viable product that attracts authentic demand in their addressable market. We achieve this through a 120-day program that involves a hands-on approach and continued support post-graduation,” said Mohamed Hamdy, TURN8 Managing Director.

A total of 20 start-up teams were chosen for TURN8 accelerator rounds 1 and 2. Several round 1 teams have been in discussions to receive follow-on investments after last January’s demo day event. Round 2 teams are preparing for their own demo day where a number of unique technology ideas will be debuted.

Start-up teams selected for round 3 will be invited to Dubai for four months where they will receive mentoring to refine and launch their business idea, training in how to run a successful business, and seed funding of $30,000 per team, including valued services.

Do you like this post?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid