The first financial accelerator in the Middle East received applications from more than 30 countries.
FinTech Hive in the International Financial Center of Dubai, the first in the Middle East financial and technological accelerator, the creation of which was announced earlier in 2017, has already received more than 100 applications from more than 32 countries.
The majority of applicants are representatives of such countries as the United Arab Emirates, the United Kingdom, the United States of America, India, Nigeria and Singapore. The concepts stipulated in the applications represent a wide range of services, including databases and analytics, crypto-currencies, P2P and crowd-funding.
The accelerator program, launched jointly with the global financial consulting company Accenture, will allow entrepreneurs using the new generation technologies for expanding and improving the financial services market in the region.
Currently, the process of evaluation and selection of applications starts.
Candidates, whose applications will be selected, will move to the next level. The next step will be conducting interviews, which will select the winners till July 11, 2017. Officially, the program’s launch is scheduled for August 21, 2017.
After passing intensive courses and master classes with leading local and international financial organizations, the candidates will be able to present their projects to investors in a demo form.