SuiHub Dubai accelerator receives over 630 applications

SuiHub Dubai accelerator receives over 630 applications

SuiHub, based out of Dubai UAE received over 630 applications for its Global Accelerator Program, the largest intakes ever recorded for an ecosystem-specific accelerator program.

SuiHub’s accelerator program attracted interest from over 13,000 individuals from 152 countries and 2,452 cities. This exceptional level of enthusiasm highlights the momentum within the Sui ecosystem and the widespread appeal of the SuiHub initiative.
Kristof Lukovich, CEO of SuiHub stated, “The immense interest in the SuiHub Accelerator Program underscores the strength of the Sui ecosystem and its appeal to builders worldwide. We are incredibly excited to work with the inaugural cohort and help them unlock the full potential of the Sui blockchain to address real-world challenges.”

With an acceptance rate of just around 1.3%, the inaugural cohort of the SuiHub Accelerator is set to feature some of the most innovative and promising startups in the Web3 space.

“The 630+ applicants is a testament to the strength of the SuiHub offering and the momentum within the Sui ecosystem,” said Scott Keto, President at CoinList. “With an acceptance rate of just 1.3% and many quality applicants to choose from, the first cohort of the accelerator looks incredibly promising. We look forward to supporting this next generation of builders on Sui.”

The SuiHub Accelerator, run in partnership with UAE based Brinc, CoinList, UAE based Ghaf Group, and the Sui Foundation, provides up to $200,000 in milestone-based funding per team, technical support, and access to global marketing channels. Its mission is to empower pre-token projects and entrepreneurs building sustainable business models on the Sui blockchain.

“Backed by Sui’s lightning-fast and scalable network, these projects have immense potential to continue to grow the Sui ecosystem.” said Dr. Kostas Chalkias, Co-founder of Sui.

“The response to the SuiHub Dubai Accelerator from the community, developers, entrepreneurs, and users has been incredible. The extraordinary volume of qualified submissions reflects the talent that makes the Sui ecosystem a thriving, innovative network,” said Henrik Johansson, Head of Community at Sui Foundation.

The first cohort of the SuiHub Accelerator is scheduled to commence shortly, with selected teams gaining direct access to the Sui Solutions Engineering team, expert advisory on token design and distribution mechanisms, and growth marketing support.

“The exceptional caliber and overwhelming number of SuiHub accelerator applications demonstrate both the rapid growth of the Sui ecosystem and the strength of our partners,” said Bashar Aboudaoud, COO & Co-Founder of Brinc. “The program is quickly establishing itself as one of the best in the Web3 space, and I am very excited to see the progress of the startups that enter it.”

As SuiHub continues to foster innovation and collaboration, this inaugural cohort is poised to set the stage for further advancements in Web3 and accelerate Sui’s mission of onboarding the next billion users to the blockchain.

“At Ghaf Group, we are thrilled to support Sui’s growth in the Middle East and beyond. This program is more than just an accelerator, it’s a launchpad for the next wave of innovation in Web3 and will have a positive effect in further strengthening the regional ecosystem through new global connections.” stated Feras Al Sadek, MD, Ghaf Group.

Sui Hub launched in UAE in November 2024

SUI, through its SuiHub launched its Global Accelerator Program, a new initiative designed to help build sustainable businesses on Sui in the Web3 space in the UAE back in November of 2024. The 12-week accelerator program will be run in partnership between Brinc, CoinList, Ghaf Group, and Sui Foundation; and is set to provide strategic funding, technical guidance, and networking opportunities to startups and developers building on the Sui blockchain.

Neom and Outlier Ventures launch Web3 accelerator

Neom and Outlier Ventures launch Web3 accelerator

Neom, Saudi Arabia’s futuristic city being built on the shores of the Red Sea has partnered with Saudi Arabian NTDP ( National Technology Development Program) and Outlier Ventures, a global Web3 accelerator, to launch the first Web3 accelerator and the FutureSpark Base Camp Demo Day.

Naif Abu Saida, Director of Web3 at Neom stated in a LinkedIn post, ” The future is here, and it’s powered by Web3.  Since the beginning of our Web3 journey at NEOM, we’ve been working tirelessly to bring innovation to the forefront, and today, we’re proud to unveil the Kingdom’s first Web3 accelerator!”
NEOM, in collaboration with NTDP and, Outlier Ventures, presented FutureSpark Base Camp Demo Day in Riyadh. This event featured nine cutting-edge startups from the local and global Web3 ecosystem, highlighting the talent and innovation shaping the future of technology.

The Demo Day took place on January 20th 2025, Abu Saida noted,” On Monday, we wrapped up an amazing day at the FutureSpark Base Camp Demo Day! The energy in the room was incredible as nine talented startups showcased their hard work and bold ideas. A huge shoutout to the teams for their inspiring presentations and for sharing how they’re breaking new ground in Web3 technology. It’s exciting to see how their innovations could shape the future of the digital world. We’re also deeply thankful to our partners, National Technology Development Program NTDP and Outlier Ventures, for their tremendous effort to make this program a success story.”

According to Abu Saida this is just the beginning. The FutureSpark Base Camp cohort is one of many cohorts to come, supporting Saudi Arabia’s rapidly growing Web3 ecosystem and paving the way for more innovation.

Outlier Ventures developed Base Camp Program in KSA

This is not the first program that Outlier Ventures has participated in. In 2024 it announced the launch of its Riyadh KSA Base Camp Program. The Base Camp Program, will start in early September 2024 for a duration of 12 weeks. Investments will reach up to $100,000 to help startups who are accepted relocate to Saudi Arabia. As per Outlier Ventures website, the Riyadh-based program would take the strongest founders across the region’s most promising technology verticals, giving them the resources they need to build industry-defining startups.

Neom partnered with Animoca brands to build solid Web3 infrastructure

In 2024, Animoca Brands and Saudi Arabian NEOM Investment Fund signed a strategic partnership that included a $50 million convertible notes financing from NEOM into Animoca. In early January of 2025, Animoca Brands announced that the next step of the partnership is fast approaching and it includes building a solid web3 infrastructure using innovative technologies.

Blockchain network Boba launches accelerator with support from UAE investors and freezone

Blockchain network Boba launches accelerator with support from UAE investors and freezone

Boba Network, an optimistic-based multichain layer-2 scaling blockchain solution, has launched the Boba Liftoff Accelerator partnering with venture capitalists, free zone areas in the UAE and others from North America and Southeast Asia. The Boba Liftoff accelerator will assist global Web3 startups to benefit from over US$1 million in funding from Boba Network through the virtual accelerator.

Boba Liftoff Accelerator was launched in partnership with UAE based Brinc venture accelerator firm to support founders in migrating their projects to the Boba Network, an efficient layer-2 solution that offers affordable building costs, lower transaction fees, and enhanced computational power through hybrid computing. 

Establishing partnerships with industry heavyweights, including Animoca Brands, Bixin Ventures, Ceras, Cointelegraph, DMCC ( Dubai Multi Commodities Center), Enjinstarter, Enya Labs, Gate.io, Genesis Capital, Ghaf Capital Partners, Gotbit, Mulana Capital and The Crypto Times, the Boba Liftoff Accelerator boasts a strong network of 100 Web3 mentors and includes top investors from MENA, North America, and Southeast Asia. For example EnjinStarter was already a launchpad partner for Boba.

The Boba Liftoff Accelerator aims to identify and mentor leading Web3 startups focused on scaling real-world assets (RWA), AI, DeFi and gaming projects. All successful applicants receive milestone-based grants, comprehensive technical support and strategic business development resources. Participants will also gain lifetime access to the network, ongoing support, and extensive promotion across Boba and Brinc’s global communities and social media platforms.

The Boba Liftoff Accelerator program lasts 10 weeks and is designed to support projects in expanding onto the Boba Network and scaling rapidly. The program leverages Brinc’s and Boba’s robust networks, mentors, and social platforms to promote projects. It is entirely remote, featuring two workshops per week, engineering support from Boba Network, weekly mentorship sessions, investor and partnership connections as needed, and weekly office hours. 

“We envision a world where blockchain developers can build applications that use the power of decentralization to solve real-world problems. The Boba Liftoff Accelerator enables developers to do just that, with support from industry experts, to accelerate their progress. We can’t wait to see what they build and support them on their journeys.” Alan Chiu, CEO, Enya Labs, a core contributor to Boba Network.

“This program represents a major investment in the future of Web3,” said Yasin Aboudaoud, Managing Partner – MENA and Chief Development Officer, Brinc. “With Boba Network allocating over US$1 million to support startups in DeFi, RWAs, Gaming, and AI, we are not only advancing these key sectors but also reinforcing Dubai’s position as a global hub for technological innovation.”

For more information on the application process and eligibility criteria, please visit the accelerator page. 

UAE based Blockchain entity accepted into ThirdWeb Superchain accelerator

UAE based Blockchain entity accepted into ThirdWeb Superchain accelerator

With a presence in RAK DAO in Rask Al Khaimah UAE, Vault Hill, a tech entity that leverages blockchain and AI has announced its acceptance into the ThirdWeb SuperChain accelerator. ThirdWeb SuperChain accelerator is co founded by serial entrepreneur Steven Bartlett.

As per the press release, this milestone marks a significant leap forward in Vault Hill’s commitment to advancing blockchain technology and expanding its innovative ecosystem.

As part of its participation in the Superchain accelerator program, Vault Hill will gain access to an array of advanced blockchain and gaming development kits, alongside expert guidance from some of the leading minds in the tech industry. This initiative is set to enhance Vault Hill’s developmental capabilities, enabling quicker deployment of new features and improvements across its platforms.

The gaming development toolkit provided by ThirdWeb is particularly crucial for Vault Hill’s strategic expansion into blockchain-based gaming. These tools are designed to streamline the creation and integration of gaming applications, making them a key component in Vault Hill’s 2024 strategic direction.

Tayo Kalejaiye, Head of Gaming at Vault Hill, comments on the toolkit’s significance: “The integration of ThirdWeb’s gaming development toolkit is instrumental to our 2024 roadmap. It not only enhances our capability to develop cutting-edge gaming solutions but also aligns perfectly with our strategic direction, pushing us towards becoming a leader in blockchain gaming innovation.”

“This acceptance into the ThirdWeb Superchain is not just a recognition of Vault Hill’s potential but also a crucial opportunity to leverage cutting-edge resources that will propel our technological advancement,” said Jimi Daodu, CEO of Vault Hill. “We are poised to set new standards in blockchain applications, benefiting both our community of users and our investors.”

Saudi Arabia gets Web3 deep tech accelerator

Saudi Arabia gets Web3 deep tech accelerator

Saudi Arabia gets a new Web3 deep tech accelerator through its recent partnership with Outlier Ventures. The Saudi National Technology Development Program (NTDP) and Outlier Ventures announced a new accelerator program in the MENA region, which marks the inception of the first deep tech web3 accelerator program in Riyadh. The accelerator will kick off later in 2024.

The MOU ( Memorandum of Understanding) aims to catalyze the growth of Web3 ecosystem Kingdom, aligning with Saudi Arabia’s Vision 2030 for technological and economic diversification.

The initiative seeks to nurture the most promising web3 startups within KSA, providing them with access to Outlier Ventures’ extensive expertise on critical aspects such as product development, entity structuring, and token design.

Startups selected for this accelerator program will benefit from mentorship by leading figures in the web3 domain and potential investment opportunities, a crucial step towards establishing a robust infrastructure for technological innovation in Saudi Arabia.

Outlier Ventures has developed partnerships with over 300 startups worldwide.

Stephan Apel, Outlier Ventures CEO and Founding Partner, noted, “We are honoured to partner with the National Technology Development Program (NTDP) of the Kingdom of Saudi Arabia. Under Vision 2030, the rapid pace of change and development is visible across all sectors of the economy. The achievements are testimony to the level of dedication and focus driving the Kingdom forward. Our strategic collaboration underscores our joint dedication to nurturing technological progress. We are looking forward to bringing our 10 years’ experience, in-house world-class expertise and track record of helping Web3 startups develop, to help build out the Web3 ecosystem in Saudi Arabia, providing support to early-stage entrepreneurs.”

While Mr. Ibrahim Neyaz, the CEO of the NTDP added, “We are thrilled to partner with Outlier Ventures to achieve the goals of this partnership by working together to support the ecosystem of technology startups in Saudi Arabia. This partnership reinforces our commitment to advancing technology and fostering innovation in Saudi Arabia. By harnessing their extensive global expertise and advanced capabilities in the Web3 industry, Outlier Ventures will bring tangible value and make significant contributions to enhancing the Kingdom’s technological infrastructure. This, in turn, will facilitate technological growth and innovation across various sectors. We eagerly anticipate achieving mutual success and cultivating a robust relationship that benefits all parties involved.”

Prior to this announcement, The Hashgraph Association (THA) launched a $250 million DeepTech Venture Studio in Riyadh. The proposed venture studio is dedicated to nurturing innovation in deep technology sectors such as AI, DLT, robotics, IoT, VR, and quantum computing.