The Dubai International Financial Centre (DIFC) has forged a partnership with UK-based Startupbootcamp to support the development of the growing FinTech and venture capital ecosystem.

The partners will also look to team up with stakeholders from various sectors to set up numerous programmes for early stage startups active in the fields of fintech, insurtech and regtech.

The programme will focus on delivering the much-needed guidance and mentorship to support the qualifying early stage startups during their incubation period.

Additionally, both parties will work together to foster the UAE and regional venture capital ecosystem, which will stimulate the development of complementary products and services and promote the entrepreneurial growth in the UAE.

DIFC Authority CEO Arif Amiri said: “As MEASA’s leading FinTech hub and one of the world’s top 10, Dubai remains at the forefront of driving the future of this important industry and enabling the development of an inclusive financial ecosystem across the MEASA region.

“We continue to deliver on our promise to lead the development of a world-class FinTech ecosystem in the region and provide an integrated platform for entrepreneurs, startups, and venture capital firms, to come together and create innovative solutions for the region through our collaboration with industry leaders like Startupbootcamp.”