UAE - Mubasher: DMCC has partnered with the global VC firm Brinc to provide DMCC Crypto Centre members with access to Brinc’s $150 million accelerator fund.
While benefitting from the comprehensive offering of the DMCC Crypto Centre, members will also gain access to Brinc’s global network of innovative startups as well as business mentoring services from their new office in DMCC, according to a press release on Tuesday.
The partnership will support the long-term and rapid growth of the companies developing Web3 and blockchain technologies and associated value-added services at the DMCC Crypto Centre.
Executive Chairman and CEO, DMCC, Ahmed Bin Sulayem, said: “With so many global challenges occurring simultaneously, major businesses are focused more than ever on accessing state-of-the-art infrastructure within a comfortable working environment, which is exactly what DMCC strives to provide.”
Since its launch in 2021, the DMCC Crypto Centre has attracted over 450 crypto firms by providing an unparalleled environment for crypto entrepreneurs, SMEs, and multinationals. The DMCC Crypto Centre members operate in a wide range of sectors, using blockchain and Web3 technology in areas such as financial services, healthcare, entertainment, gaming, and sustainability.
Founder and CEO of Brinc, Manav Gupta, commented: “The newly launched Dubai Metaverse Strategy aims to support over 40,000 virtual jobs by 2030; while Dubai’s plan to use cutting- edge technology to improve efficiency and sustainability vastly appeals to Brinc […] Our partnership with the DMCC will reveal a new pool of Web3 entrepreneurs and enable us to identify, empower, and invest in startups that shape the future based on a shared thesis and set of ideals.”
During this year’s first half (H1), DMCC attracted 1,469 new member companies, breaking all previous records, and over 14% of these new company registrations were related to crypto activities.
