DIFC launches world’s 1st Studio Launchpad for Ubiquitous Finance ecosystem

DIFC launches world’s 1st Studio Launchpad for Ubiquitous Finance ecosystem

Dubai International Financial Centre (DIFC), the leading global financial center in the Middle East, Africa and South Asia (MEASA) region, has launched the world’s first venture studio platform exclusively focused on ubiquitous finance and digital asset technologies.

The initiative is a key part of DIFC’S 2030 strategy, which includes attracting the best minds and companies from around the world to Dubai by providing them with all the necessary support to develop, test and launch new startups, scale-ups and corporate ventures on an unprecedented scale, time to market and quality.

The Studio Launchpad, which is supported by an international group of venture building experts, digital asset pioneers and emerging technology strategists, is designed to attract and engage a consortium of leading startup and corporate venture studios.

Venture studios are innovative organizations that proactively build and invest in start-ups and help them actively achieve success with their own internal capabilities. There are over 730 active venture studios around the world. Over 50 percent of them were launched in the past 5 years.

According to research published by the Global Startup Studio Network, new ventures that launch from studios experience 30 percent higher company success rates and about 5 percent make it to unicorn status.

This initiative will