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 Abu Dhabi-based investment and holding company with a broad portfolio of major enterprises. Its investments span key sectors of the UAE’s diversified economy including energy and utilities, food and agriculture, healthcare and life sciences, and mobility and logistics, amongst others. As a strategic partner of Abu Dhabi’s government, ADQ is committed to accelerating the transformation of the Emirate into a globally competitive and knowledge-based economy.
For more information, visit adq.ae or write to media@adq.ae. You can also follow ADQ on X, Instagram and LinkedIn.
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