- DisruptAD enables start-ups and venture capital funds to benefit from Abu Dhabi’s start-up ecosystem
- The platform sets ambitious target to support and nurture over 1,000 start-ups by 2025
ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy, has developed DisruptAD to consolidate the entity’s venture capital (VC) efforts under a unified platform. DisruptAD’s activities will include investments in start-ups and venture capital funds, as well as the creation of new incubators and accelerators to support Abu Dhabi’s evolution as a global start-up destination and accelerate the development of its innovation ecosystem.
DisruptAD aims to support and nurture over 1,000 start-ups over the next five years to create a thriving local community of founders, fund managers, incubators and accelerators. This will cement Abu Dhabi’s position as a world-class technology hub where new ideas are born and transformative companies get created, maximizing value creation and delivering long-term economic benefits for the UAE.
Beyond the UAE, DisruptAD will target global innovators across other markets including the broader Middle East and North Africa region, India, China, South East Asia and the United States. The platform will partner with companies and funds that can benefit from ADQ’s commitment to the development of clusters including Healthcare and Pharma, Food and Agriculture, Mobility and Logistics, and Energy and Utilities. DisruptAD will also be responsible for the Alpha Wave Incubation (AWI) Fund, the AED 1.1 billion venture fund that focuses on Indian and South East Asian start-ups, and will manage the AED 535 million Ventures Fund, a flagship initiative of the Ghadan 21 programme.
Start-ups in the UAE attracted 56 per cent of all investment deals in the Middle East and North Africa region in 2020, despite the effects of the global pandemic, according to MAGNiTT.
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 email@example.com. You can also follow ADQ on Twitter, Instagram and LinkedIn.
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