Established in partnership with the leading corporate service provider in the UAE, Virtuzone, the MANTRA Incubator program has been introduced at Dubai World Trade Center following an $11 million funding round led by Shorooq Partners. The program aims to support projects in the Real World Asset (RWA) tokenization sector, focusing on the MENA region.

Five selected projects will receive financial support, infrastructure support, licensing, banking, and administrative services through the MANTRA Incubator program. Each chosen project will obtain a seed investment of $100,000 from the personal funds of MANTRA’s founder and CEO, John Patrick Mullin.

Throughout the incubation journey, the selected projects will receive mentorship, guidance, and connections in addition to exposure to innovative practices from tech leaders in Hong Kong, San Francisco, and eventually at the prestigious Dubai World Trade Center. The incubation space at DWTC is symbolic of Dubai's role in crypto innovation.

MANTRA aims to facilitate a platform for innovation in the web3 space for promising companies globally. Neil Petch, Chairman and Co-Founder of Virtuzone, expressed the commitment to supporting Web3 start-ups, aligning with the UAE's vision to have 10 unicorns by 2030.

George Hojeige, Group CEO of Virtuzone, echoed the commitment to creating a supportive environment for Web3 start-ups to thrive and scale exponentially. Virtuzone is striving to pivot towards a tech and innovation-driven growth strategy, supporting Web3 and fintech development.

For more information and to sign up for the MANTRA Incubator, visit the website: MANTRA Incubator.

About MANTRA

MANTRA is a security-focused RWA Layer 1 Blockchain that enables developers and institutions to engage in the RWA tokenization space through advanced tech modules, compliance mechanisms, and cross-chain interoperability. The incubation program is part of MANTRA's strategic plan to expand its ecosystem.

About Virtuzone

Virtuzone is the UAE's premier company formation specialist and corporate service provider, assisting over 70,000 entrepreneurs from 180 countries. Virtuzone offers end-to-end company formation and corporate services to support businesses in various aspects.

For more information, contact:

Marketing Lead
Christoph Lidman
[email protected]