Tecom’s in5 incubator looks to raise AED 200 million

Dubai: Owner and operator of 11 investment free zones, Tecom Group in Dubai is expecting to secure AED 200 million in funding for its in5 incubator’s startup participants.

This is equal to the amount it has raised over the last six years since its inception in 2013, up until 2018.

In5 incubator specifically focuses on startups within the Dubai Internet City ecosystem and has seen over 230 startups participate in its programme.

As per DIC, an average of seven new startups are joining the incubator every month.