DIFC completes first Metaverse Accelerator Programme

DIFC completes first Metaverse Accelerator Programme

Dubai International Financial Centre (DIFC) today announced the inaugural ‘DIFC Metaverse Accelerator Programme’ under the ‘DIFC Metaverse Platform’ umbrella, and attracted over 160 applicants from the UAE, UK, US, India and France, with a focus on primarily Metaverse, AI, Web3, AR/VR and Blockchain sectors. 

The ‘DIFC Metaverse Accelerator Programme’, backed by programme partners Abu Dhabi National Insurance Company (ADNIC), DP World, and Daoverse Capital, onboarded 10 promising start-ups on 5 June 2023 with 3 months of intense bootcamp workshops to follow. 

Further supported by a network of over 60 DIFC Innovation Hub ecosystem partners, the ‘DIFC Metaverse Accelerator Programme’ also aims to stimulate investment opportunities by building a creator community equipped with technical and intrapersonal skills of the metaverse. 

Mohammad Alblooshi, CEO of the DIFC Innovation Hub, said, “Earlier this year, Dubai’s Higher Committee for Future Technology and Digital Economy endorsed the DIFC Metaverse Platform, positioning DIFC as the first government entity globally to champion an integrated Metaverse hub. To see the DIFC Metaverse Accelerator Programme come to fruition as part of that initiative with over 160 international applicants, a network of over 60 ecosystem partners, and 10 talented start-ups graduating already is encouraging and will no doubt inspire others to join us as we together embark on our next phase of growth.” 

The graduation of the first cohort was held as part of the programme’s Demo Day at the DIFC Innovation Hub, which saw talented entrepreneurs pitch and showcase the next wave of innovation to the region’s top venture capitalists, angel investors and industry leaders. The first cohort of graduates are: 

Artichoke Labsa spatial computing company specialising in creating city-scale augmented reality applications; Cognitive Technologies, experts in establishing Internet-of-Things (IoT) networks to enable both hardware and software automation; Daoversal, an expansive blockchain-based Web3 social ecosystem platform; and DoDocs, which is building a service to generate legal documents in any language for any country or jurisdiction for both individuals and businesses.

Duverse, a start-up involved in developing and implementing advanced Artificial Intelligence (AI) solutions; Evometa, a boutique digital studio providing Metaverse-as-a-service solutions for enterprises in real estate, hospitality, industrial and automotive markets; and Flan, engaged in creating micro communities for clients and creative workers to meet, network, and discuss ideas were also part of the inaugural DIFC Metaverse Accelerator Programme. The debut edition of the programme also included Intelligent Assist and ShopDoc, two digital healthcare delivery platforms, and GoPal, a revolutionary Metaverse-based EdTech Platform.

Targeting a broad spectrum of Metaverse, Web3, AI, and AR/VR startups both locally and internationally, as well as potential Web3 investors and organisations, the DIFC Metaverse Accelerator Programme is poised to be a game-changer in this era of digital transformation in Dubai and beyond.

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