TURN8
TURN8 is an investment initiative established in April 2013 by DP World Limited, based in Dubai, United Arab Emirates. It focuses on fostering entrepreneurship and innovation by providing seed funding and incubation support for early-stage startups. TURN8 specializes in web and mobile applications, e-commerce, Arabic content development, education technologies, sustainable living solutions, crowdsourced services, social networking, and healthcare technologies. The program typically invests between $24,000 and $30,000 per team in exchange for a small equity stake in the resulting ventures. TURN8 offers a structured four-month program that includes a rigorous process for scouting and refining innovative ideas, followed by a 120-day "Rapid Fire" business modeling and prototyping phase, coupled with extensive follow-on support. This initiative aims to accelerate the commercialization of ideas and cultivate a global entrepreneurial ecosystem.
Democrance
Seed Round in 2017
Democrance is an insurance technology company based in Dubai, United Arab Emirates, founded in 2015. It specializes in developing software that facilitates the distribution, servicing, and administration of insurance policies across the Middle East and Northern Africa. The company focuses on providing insurance solutions to underinsured and uninsured populations in emerging markets, offering a range of products from micro-insurance to traditional policies. Democrance's platform enables low-income families to access life and health insurance programs conveniently through mobile devices, while also providing essential industry expertise, project management, customer management, and claim management services.
HeyDoc!
Pre Seed Round in 2016
HeyDoc! Ltd operates an online health communications platform that connects patients with healthcare professionals globally. Based in Dubai, the platform allows patients to access medical advice for non-urgent issues through text, media, and video interactions, facilitating private communication. The service enables patients to schedule online consultations without the need for in-person appointments, enhancing accessibility to healthcare services. Additionally, HeyDoc! provides doctors with tools to streamline their communication with patients and monetize these interactions, ultimately aiming to improve the quality of life for individuals by addressing their healthcare needs efficiently.
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