Studio Launchpad News Today

It will implement measures to enable the incubation of new business ideas, sponsorship of entrepreneurs and reduced costs for scaling new businesses

Over 1,000 attendees, including fintech startups, investment firms, banks, and service providers, are expected to attend DIFC FinTech Week on June 28-29.

Over the next 5 years, over 20 studios will setup in the DIFC and are expected to launch over 200 new ventures.

New initiative will use venture studios to incubate 10 unicorns and 100 scale-ups in Dubai

Dubai International Financial Center, also known as DIFC, has launched what it claims is the world’s first venture studio platform exclusively focused on ubiquitous finance and digital asset technologies. Over the next 5 years, over 20 studios will be set up in the DIFC, aiming to launch over 200 new ventures, of which over 100 will be scale-ups and 10 will gain unicorn

Dubai International Financial Centre (DIFC) said it has broken ground on a new 150,000+ sq ft purpose-built facility that will house the first global venture studio platform exclusively focused on ubiquitous finance and digital asset technologies.

Part of its Strategy 2030, DIFC's Studio Launchpad is designed to attract and engage a consortium of leading startup and corporate venture studios.

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<li><span><i>New initiative, part of DIFC Strategy 2030, to use venture studios as a mechanism to incubate 10 unicorns, 100 scale-ups and over 8,000 innovation jobs from Dubai.</i></span></li>
<li><span><i>Global first to provide a Venture Studio Launchpad and Research Living Lab to develop the “ubiquitous finance” ecosystem including Open Finance, Digital Assets and Web3 in DIFC.</i><...