MANTRA Launches Startup Incubator Program at Dubai World Trade Center (DWTC) with $11 Million Investment from Shorooq Partners

MANTRA Launches Startup Incubator Program at Dubai World Trade Center

MANTRA, a leading blockchain technology company, has announced the launch of a new program aimed at supporting and developing startups at the Dubai World Trade Center (DWTC). The initiative, established in partnership with Shorooq Partners and Virtuzone, has received an $11 million investment, highlighting MANTRA’s commitment to furthering the tokenization of Real World Assets (RWA) in the MENA region.

The program will provide startups in the RWA sector with essential support, including funding for development, infrastructure, licensing, banking, and administrative services. Five promising concepts have been selected to participate in the incubator, each receiving an initial seed investment of $100,000 from MANTRA’s CEO, John Patrick Mullin.

The chosen startups will also benefit from strategic guidance and project management support to help them integrate into the MANTRA Chain ecosystem. Additionally, they will have access to a network of investors and opportunities for further financial support, crucial for expanding operations and entering new markets.

The incubator program will employ a multi-location strategy, with participants spending time in Hong Kong and San Francisco to engage with global innovation ecosystems. The DWTC, located in Dubai, was chosen as the central location for the program due to the city’s growing prominence as a hub for crypto and blockchain advancements.

The focus on RWA tokenization is a key aspect of the program, as it has the potential to transform the process of buying, selling, and managing physical assets using blockchain technology. This initiative aims to expand the functionalities of blockchain beyond financial uses and promote wider adoption in industries that require compliance with regulatory norms.

The success of the MANTRA incubator program at DWTC could have far-reaching consequences, including attracting more technology companies to Dubai and diversifying the region’s economy. It may also set a standard for comprehensive startup support systems in the technology industry and encourage groundbreaking advancements in asset management, shipping, and compliance sectors.

Overall, the program underscores the increasing impact of blockchain technology and Dubai’s position as a center for digital innovation. By supporting startups and promoting the integration of blockchain technology into various business sectors, MANTRA is paving the way for future progress in the global technology industry.