ADQ, an Abu Dhabi-based investment and holding company, has launched the ADQ Growth Lab, a community of innovators spanning ADQ’s broad portfolio. The ADQ Growth Lab represents the company’s commitment to innovation and R&D with a direct focus on creating value and sustainable impact across priority sectors of the UAE’s economy.
As part of the ADQ Growth Lab, ADQ will be investing AED 100 million to fund R&D testbed projects and will allocate further funds to fast-track the trial and adoption of AI and automation through innovative proof-of-concepts and pilots.
The community, dedicated to innovation and R&D, will foster cross-sector collaboration to facilitate knowledge exchange and strategic partnerships between industry and academia that can leverage research capabilities. Working with regulators, the ADQ Growth Lab will also promote development of emerging trends across ADQ’s core sector clusters that include Energy and Utilities; Food and Agriculture; Healthcare and Life Sciences; and Mobility and Logistics. Moreover, ADQ Growth Lab will support partnerships with start-ups, scale-ups and other technology partners to accelerate growth and position ADQ’s portfolio companies for the future.