Highlights
- Alpha Wave Incubation (AWI) Fund to focus on Indian and South East Asian start-ups
- ADQ to boost creation of world-class startup ecosystem in Abu Dhabi
ADQ, one of the region's largest holding companies with a diverse portfolio of major enterprises spanning key sectors of Abu Dhabi's non-oil economy, has launched Alpha Wave Incubation (AWI) Fund, a new AED1.1 billion venture fund located at Abu Dhabi Global Market (ADGM).
AWI will target early-stage businesses in India and Southeast Asia, and help these start-ups set up global or regional headquarters in Abu Dhabi's Masdar City. By basing their business in the UAE's capital, companies will benefit from the exceptional digital infrastructure already in place as well as highly advanced regulatory frameworks and other R&D initiatives. AWI will also help its companies gain market access to the UAE and the broader MENA region. The programme will be managed by New York-based Falcon Edge Capital.
The UAE ranks highest in the Arab world in the Global Innovation Index (GII) 2019. Abu Dhabi's unmatched competitive advantages provide a fertile ground for start-ups to grow and thrive. Its tax-free jurisdiction, world-class infrastructure, strong IP protection mechanisms, and attractiveness as a safe and secure place to live and work are a big draw to set up new businesses here.
About ADQ
Established in 2018, ADQ is an active global sovereign investor with a focus on critical infrastructure and supply chains. As a strategic partner to the Government of Abu Dhabi, ADQ invests in the growth of business platforms anchored in the Emirate that deliver value to local communities and long-term financial returns to its shareholder. ADQ’s expanding portfolio has a total book value of USD 225 billion (as at 30 June 2024) and encompasses companies across numerous core sectors of the economy, including energy and utilities, transport and logistics, food and agriculture, and healthcare and life sciences.
For more information, visit adq.ae or write to media@adq.ae. You can also follow ADQ on Instagram, LinkedIn, and X.
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