DP World funds its fifth group of startups

TURN8, a seed accelerator initiative founded by DP World to encourage entrepreneurship and innovation, has selected nine new startups for investment as part of Round 5 of its program.

The latest round follows a selection process to identify startups that have a promising business concept and have had some experience testing the market. The international reach covers global markets with participants from Chile, Dubai, Russia and Spain.

The teams are already in Dubai, where they will be part of a four-month mentorship program that aims to improve their business idea and gain practical training on how to run a successful enterprise backed by seed funding of $30,000 to help them develop their projects.

The start-up companies that were chosen for TURN8 Round 5 are:

•SaveSpace (Dubai) – Offers local pick up/drop off of boxes to customers for storing their belongings.
•MedicSen (Spain) – A system designed for the intelligent and integrated treatment of insulin dependent diabetes mellifluous.
•FairFare (Kazakhstan) – Helps service consumers in uncovering concealed prices by means of peer-to-peer information sharing.
•Mytriphoto (Chile) – Allows hotels to reach potential customers organically, improve online reputation and promote new sales with self-service photography
•Rewardial (Romania) – A blogging outreach and user-engagement platform
•RealEye (Russia) – A mobile app that enables users to create their own route maps in cities between sites.
•MakersBuilders (Dubai) – The first educational institute of its kind in the Middle East, aiming to become the leading provider of technology education for children and teenagers.
•Foodiac (Finland) – A marketplace for private chefs and high-end catering.
•909Music (Dubai) – An online music library dedicated to licensing, producing and providing modern day, cutting-edge, quality rich music for media and avid music listeners worldwide.