Dubai: DP World today announced the launch of its TURN8 seed accelerator programme designed to encourage innovative entrepreneurship worldwide, starting with Dubai.
TURN8 will look for people with ingenious ideas that can be refined and brought to market through a “seed accelerator,” a programme that selects start-up teams with marketable ideas and supports them with funding, mentoring and training in exchange for a stake in any resulting business.
The TURN8 programme will take place over the next 12 months, beginning by seeking innovative ideas through an online campaign, and events in select countries with active start-up cultures, including the UAE, Egypt, Jordan, Singapore, Malaysia, the Ukraine, and USA.
Yousif Al Mutawa, chief information officer, DP World, said: “We are encouraging innovative and commercially-viable ideas from global and local innovators, as well as DP World employees and partners. Our aim is to support an innovation culture in the wider community by encouraging and supporting a mix of international and local ideas.” [29/04/13]