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Brinc Expands Global Presence with DMCC Crypto Centre Partnership

Brinc partners with DMCC to provide access to a $150 million accelerator fund, enhancing Dubai's position as a global Web3 and blockchain hub.
Published on 2022-10-11

Brinc's Global Expansion with DMCC Crypto Centre

Brinc, a leading global venture capital firm, is expanding its presence by opening an office in Dubai's DMCC Crypto Centre. This strategic move aims to provide businesses and entrepreneurs with a comprehensive ecosystem for blockchain and Web3 technologies.

Accelerator Fund Access for DMCC Members

The partnership grants DMCC Crypto Centre members access to Brinc's $150 million accelerator fund. This collaboration is set to accelerate the growth of blockchain and Web3 technologies, offering businesses the resources needed for long-term success.

Strategic Benefits for Businesses

Members of the DMCC Crypto Centre will benefit from Brinc's global network and mentorship services. The new office will enhance Dubai's appeal as a hub for cutting-edge technology and sustainable practices, aligning with the city's Metaverse Strategy aiming to support over 40,000 virtual jobs by 2030.

Leadership Insights

Manav Gupta, Brinc's CEO, emphasized the partnership's potential to uncover a new wave of Web3 entrepreneurs, enabling investments in startups that drive future innovation. Ahmed Bin Sulayem, DMCC's CEO, highlighted the importance of state-of-the-art infrastructure and a conducive work environment, which DMCC is committed to providing.

DMCC's Growth and Appeal

In the first half of 2022, DMCC attracted a record 1,469 new companies, with 14% involved in crypto activities. This growth underscores the centre's appeal as a premier destination for crypto and blockchain businesses, further solidifying Dubai's status as a global crypto hub.

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