Over 150 digital startups apply for Dubai Chamber of Digital Economy metaverse academy

Dubai Chamber of Digital Economy announced that it has received 153 applications from 27 countries for its newly launched Future of the Digital Economy: Business in the Metaverse academy, a first-of-its-kind specialized training programme designed to equip digital startups with the practical knowledge and tools they need to build and thrive in the metaverse.

The UAE received the most applications (67%) followed by Egypt, India, Jordan, Turkey, the United Kingdom, and the United States, among other countries. Thirty digital startups will be chosen to participate in the training academy, which will use VR, AR, and XR technologies to immerse participants in the metaverse.

The training academy, which was recently launched in collaboration with the SEE Institute, will run from December 5th to 14th, 2022, and will feature four interactive sessions delving into a wide range of relevant topics such as non-fungible tokens (NFTs), blockchain, and Web3 technologies, and how these practices will pave the way to a more sustainable society.

Khalid Al Jarwan, Executive Director of the Dubai Chamber for Digital Economy, said: “We are encouraged by the strong interest in this initiative, which reflect growing business interest in the metaverse and confidence in Dubai as a digital economy hub. 

Al Jarwan noted that the academy supports the Chamber’s efforts to capitalise on new opportunities emerging from increased digitalisation and the expansion of Fourth Industrial Revolution technology across all sectors of business. He added that benefits of participating go far beyond the training, adding that enrolled startups would have access to mentorship support in Dubai and free sustainable co-working space, in addition to speaking opportunities at Dubai Chamber of Digital Economy’s biggest events in 2023.