Emirates NBD taps DIFC for incubator program

Emirates NBD, a leading bank in the United Arab Emirates (UAE), has launched the ‘National Digital Talent Incubator’ program in partnership with the Dubai International Financial Centre (DIFC) to foster the next generation of fintech talent in the UAE. This initiative aims to support and nurture fintech startups with UAE national founders and members. Here are the key details of the program:

Strategic Partnership: Emirates NBD has collaborated with the Dubai International Financial Centre (DIFC) to launch the National Digital Talent Incubator program. DIFC’s venture building platform, Launchpad, will be utilised for this initiative.

Technology Partners: The program is supported by a network of technology partners, including Visa, Microsoft, and Dell Technologies, to provide technology resources and expertise to the startups.

Cohorts: The program will run two cohorts per year, with each cohort consisting of three to six fintech startups led by UAE nationals. These startups will undergo an eight-week intensive program.

Program Components: Participants in the program will benefit from insights and guidance from venture building and innovation experts from DIFC Launchpad. They will also receive mentorship and one-to-one coaching sessions with founders of prominent UAE fintech scaleups. Moreover, the program offers access to corporations, government entities, and capital sources within the UAE.

Holistic Approach: The program differentiates itself by offering a comprehensive approach beyond product innovation. It is designed to broaden participants’ skillsets, help them build strong networks, gain an understanding of key economic trends, and create businesses that can have a significant impact both locally and globally.

Miguel Rio Tinto, Group Chief Digital and Information Officer at Emirates NBD, emphasises that the National Digital Talent Incubator program aims to equip participants with the tools and support needed to transform their innovative ideas into impactful businesses and help them scale effectively. This initiative highlights the commitment to nurturing fintech talent and fostering innovation in the UAE’s financial sector, which aligns with the broader goal of promoting the growth of the local and global economy.