MANTRA has announced the launch of a new incubation program at the Dubai World Trade Center (DWTC), following the company's recent $11 million funding round led by Shorooq Partners.
MANTRA aims to provide financial support in development, infrastructure costs, licensing, banking, and management services to startups. Through a meticulous selection process, five outstanding projects will have the opportunity to join the incubator program and receive comprehensive support to ensure their successful integration into the MANTRA Chain ecosystem. Each selected project will receive a $100,000 seed investment. In addition to grants, the program includes dedicated assistance from an experienced project manager, opportunities to establish valuable connections, and access to investor networks, laying a solid foundation for their future growth and success within the MANTRA ecosystem.
The incubation space is located in the Sheikh Rashid Tower at DWTC's Maktabi Business Center, spanning over 17,000 square feet. This initiative reflects Dubai's role as a hub for crypto innovation and aligns with MANTRA's goal of fostering a vibrant entrepreneurial ecosystem.
With this launch, MANTRA aims to further empower startups and contribute to Dubai's growing reputation as a center for crypto and blockchain innovation.
Comments