Dubai / Emirates Business
Startup accelerator TURN8 recently concluded their growth programme for new global tech startups. The event celebrated the startups validating their business models, accelerating their sales and marketing efforts, and raising additional funding. The event was supported by DP World, Forbes Middle East, Dubai Startup Hub and MENA Private Equity Association who are in constant search for engaging in community events like these.
TURN8’s program manager, Ahmed Abdulwahab, commented, “Within the TURN8 program, we coach teams in accelerating their product, sales and marketing
efforts. These teams demonstrate innovative solutions with real game-changing possibilities. It’s exciting to accompany this round of startups on their journey of market entry and scale of business.â€
The graduating teams pitched for late seed or early Series A funding from investors from the UAE and greater GCC.
Managing Director and CEO, Al Tayyar Travel Group, Abdullah Al Dawood, who was a keynote speaker at the event said, “There are a lot of opportunities in the GCC region for new ideas. Events like these provide a significant boost to start-ups by giving them a chance to showcase their ideas to potential investors who can help their dreams turn into reality. With the recent shift witnessed globally, there is no better time for corporate investors like us to look out for alternatives and diversify into such entrepreneurial ventures and help us gain medium to long term returns.â€
He also highlighted the opportunities in corporate venturing and shared his experience in startup
investments. The Al Tayyar Travel group has successfully invested
in startups like Careem, Wadi
and Mosafer.com.