The incubator area, which occupies more than 17,000 square feet in the Maktabi business district of the Sheikh Rashid Tower at DWTC, reflects Dubai’s status as a hub for cryptocurrency innovation and aligns with MANTRA’s objectives for a thriving startup ecosystem.
John Patrick Mullin, CEO and co-founder of MANTRA stressed that the program’s objective goes beyond providing workspace.
We’re creating a comprehensive platform for innovation in the web3 space, allowing promising businesses to take advantage of networks, resources, and a supportive environment in one of the world’s most active cryptocurrency scenes,” Mullin said. In recent years, Web3 companies have demonstrated an unparalleled capacity for growth, particularly in specialized domains like artificial intelligence, big data, and machine learning.
Following a $11 million fundraising round headed by Shorooq Partners, MANTRA is pleased to announce the opening of its new incubation program at the Dubai World Trade Center (DWTC). MANTRA’s initiative to support the Real World Asset (RWA) tokenization industry, with an emphasis on the Middle East and North Africa (MENA) includes this program.
The MANTRA Incubator program, created in collaboration with Virtuzone, the top corporate service provider in the United Arab Emirates, aims to support and advance new initiatives in both the RWA and MANTRA ecosystems. MANTRA will finance the startups for development, infrastructure, licensing, banking, and administrative services.
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