MANTRA debuts incubator with $100,000 grant at Dubai World Trade Center

MANTRA is set to launch a new incubator at the Dubai World Trade Center, aiming to advance Real World Asset tokenization in the Middle East and North Africa (MENA) region. The incubator program received an $11 million funding round led by Shorooq Partners. It also involves a partnership with Virtuzone, the UAE’s premier corporate service provider. The program will provide comprehensive support, including financial backing, infrastructure, licensing, banking, and administrative services to five selected projects. MANTRA founder and CEO, John Patrick Mullin, will personally invest $100,000 in each project. The incubation journey will take participants to Hong Kong, San Francisco, and finally, the Dubai World Trade Center. The program aims to contribute to the UAE’s goal of having 10 unicorns by 2030 and establish Dubai as a crypto innovation hub.