Need help with your startup in UAE? Here’s a list of the top 5 startup incubators and accelerators - MENA startups, innovation, and tech news

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Need help with your startup in UAE? Here’s a list of the top 5 startup incubators  and accelerators
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Need help with your startup in UAE? Here’s a list of the top 5 startup incubators and accelerators

Startup incubators and accelerators are an essential part of the entrepreneurial ecosystem. Even for those who are the most experienced of campaigners, building a business from scratch is an extensive task. Today, as more and more youth are flocking to the ecosystem in the UAE, a helping hand is not only useful but necessary.

These startup incubators have several proven advantages. They act as a platform where the most innovative ideas can be spun into successful businesses. Such platforms often extend tertiary services that support a business under their membership, thereby freeing up entrepreneurs, so that they can focus wholly on fine-tuning their ideas.

Startup incubators also act as learning hubs, nurturing creative and tech minds under the same roof. Conversely, they act as tools for governments and private investors to find vetted startups that are ready to hatch. Startup incubators and accelerators in the UAE provide a well-established infrastructure and network to carry forward businesses.

Let’s look at the top 5 startup incubators and accelerators in UAE:

1. Wamda

About: Wamda Capital is the leading venture capital firm in the MENA region. Wamda accelerates entrepreneurship ecosystems throughout the MENA region through Wamda’s multi-stage, sector-agnostic investment vehicle, focused on collaborating with high technology-enabled startups, as well as the leading knowledge platform that offers integrated programmes including Thought Leadership and Research, community development, Wamda’s fellowship programme Wamda X, along with corporate and government advisory services to the various stakeholders of the MENA startup ecosystem. It caters to the travel and hospitality sectors.

Location: Dubai (UAE)
Founded year: 2010
Investor type: Venture Capital
Investment stage: Early-stage venture, Seed
Number of exits: 2
Portfolio: Careem, Nana Direct, Insider, and others

2. DTEC

About: Dtec Ventures is the venture capital unit of Dubai Silicon Oasis and an essential part of the Dtec ecosystem. It invests in early-stage technology businesses in the MENA region with a nucleus in Dubai, which interrupts or enables traditional industries. It provides technopreneur office spaces and business licences along with multiple visas per company. It is one of the largest technopreneurship centres in the MENA region, comprising over 350 desk workstations and offices.

Location: Dubai (UAE)
Founded year: 2015
Investor type: Venture Capital
Investment stage: Early-stage venture, Seed
Number of exits: 1
Portfolio: Voicea, The Luxury Closet, yallacompare, and others

3. FasterCapital

About: It is an online incubator that offers capital, mentorship, sales or marketing, and network opportunities to tech startups. It helps early-stage startups by acting as their technical co-founder and creating the whole product from A to Z. It offers funding between $50K and $500K, taking 25% to 50% equity in return.

Location: Dubai (UAE)
Founded year: 2010
Investor type: Accelerator, Incubator, Venture Capital
Investment stage: Early-stage venture, Private Equity, Seed
Portfolio: Vroom, AlphaCs, Tellme, and others

4. In5

About: The in5 Innovation Hub is an environment that offers support to entrepreneurs and fosters the development of the ICT and digital media startup ecosystem in Dubai. The firm focuses on startups revolving around Cloud Computing, the Internet of Things, 3D printing, Robotics, etc. Entrepreneurs are supported from the early stage of idea creation, through implementation, right up to the commercial launch of the product or service in the market. In5 offers 3 incubation programs namely In5 Tech, In5 Design, and In5 Media, which last for 6 months. Selected startups will be registered under In5’s license and the programs are conducted in the In5 Innovation Hub, in Dubai Internet City. The hub will provide mentoring, training, and coaching by a network of industry experts to help one establish prototyping and development of his business. In5 is the platform to make things happen.

Location: Dubai (UAE)
Founded year: 2013
Investor type: Accelerator
Portfolio: Viafone, Fexxpay, Crowd Analyzer, and others

5. Krypto Labs

About: This fully integrated innovation hub provides custom business acceleration and incubation programs, seed funding for startups, corporate innovation, and a state-of-the-art co-working space. Krypto Labs has a strategic partnership with Silicon Valley-based 500 Startups, which is one of the most active seed investors with over 2,000 startups. Krypto Labs is also allied with ADFG. The acceleration and incubation programs are carefully designed to back new and established startups with all-rounded guidance, including funding, networking, and other support services to allow entrepreneurs to focus on their core competencies, spanning over a period of 13 weeks.

Location: Masdar City in Abu Dhabi (UAE)
Founded year: 2016
Investor type: Accelerator, Incubator
Investment stage: Early-stage venture, Seed
Portfolio: ModelMe3D, Ayn Astra, Social Motive, and others

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