Tech Funding News: Dubai, a global hub for innovation and economic growth, has taken another giant stride in its commitment to foster the growth of technology startups. Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, the Dubai Integrated Economic Zones Authority (DIEZ) recently announced the launch of a venture capital (VC) fund DIEZ worth AED 500 million. This fund, initiated during the Dubai Business Forum, organized by Dubai Chambers, aims to provide much-needed financial support to technology startups and further bolster Dubai’s digital economy sector.
Table of Contents: Tech Funding News
A Game-Changer for Startups
The AED 500 million VC fund is the first investment program launched under the banner of Oraseya Capital, the venture capital arm of DIEZ specializing in venture investment operations for startups. This fund is poised to play a pivotal role in supporting startups, starting from the pre-seed stage and extending all the way to the Series B investment stage. It represents a strategic move aligning with the directives of Sheikh Mohammed bin Rashid Al Maktoum to support the growth of Dubai’s digital economy sector.
The primary objective of this initiative is to address the existing gaps in corporate finance, particularly during crucial developmental stages, making it clear that Dubai is committed to keeping pace with the world’s leading economies in the field of startup investment. The fund’s establishment reflects Dubai’s commitment to support the growth, advancement, and reinforcement of the national economy through technology startups.
Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DIEZ, expressed his confidence in the venture’s capabilities, emphasizing the importance of nurturing innovative, advanced, and creative enterprises. The ultimate goal is to see these startups join the esteemed ranks of ‘unicorn’ companies and begin their journey right here in Dubai, a key player in shaping the global economy.
Bridging the Finance Gap
One of the fund’s core objectives is to address the existing gaps in corporate finance, particularly during these crucial developmental stages. The initiative reflects Dubai’s commitment to keeping pace with the world’s leading economies in the field of startup investment, recognizing the potential these companies hold for contributing to the growth, advancement, and reinforcement of the national economy.
DIEZ established Oraseya Capital to reinforce capability and competency building. The initiative is geared towards facilitating the global expansion aspirations of startups and making investments in cutting-edge technology. These endeavors collectively serve to strengthen Dubai’s status as a rapidly growing hub and an attractive destination for companies and enterprises alike.
Dr. Mohammed Al Zarooni, Executive Chairman of DIEZ, leads the Board of Directors of this enterprise. Its members include specialists in financial funds, corporate establishment, business development, and investment consulting, each bringing over 15 years of experience in the startups field, specifically within the UAE and Dubai. Leveraging the extensive experience of DIEZ and its economic zones, spanning nearly a quarter of a century, brings added depth and perspective to this initiative.
An Attractive Destination for Tech Startups
Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, highlighted the significance of DIEZ’s investment fund in positioning Dubai as a leading destination for investments and a global hub for financing technology startups. This initiative is an advanced step towards enhancing Dubai’s global competitiveness in attracting and financing technology startups.
Dr. Mohammed Al Zarooni emphasized the core values of Oraseya Capital, which include effective engagement, support for modern technology, and the cultivation of creative ideas. The initiative prioritizes adaptability by remaining open to new opportunities and contemporary technologies that align with the fund’s objectives. Integrity stands at the forefront, with a commitment to upholding the highest standards of transparency, all in service of supporting and financing technology companies at the emirate’s level.
Providing a Platform for Growth
Oraseya Capital has introduced its official website, providing a platform for business owners to submit financing applications to the VC fund. This initiative targets local companies within the city, as well as international enterprises seeking to establish their operations in Dubai.
The VC fund excels at providing support to companies that are part of its investment portfolio by adopting a direct guidance approach and active participation to help companies ensure their success and growth instead of investing in assets only.
Dubai’s Vision for Economic Growth
DIEZ’s overarching aim is to elevate Dubai’s standing as a regional and global investment hub across all sectors. This strategy seeks to enhance economic growth and formulate a comprehensive economic blueprint for the city. The blueprint envisions a diverse economic landscape, fostering a myriad of investment opportunities and promoting a business-friendly environment.
The Dubai Business Forum, launched under the theme “Shifting Economic Power: Dubai and the Future of Global Trade,” is a testament to Dubai’s commitment to advancing its global economic position. The two-day event serves as an ideal platform for announcing initiatives like the AED 500 million VC fund, bringing together the global business community to engage in rich dialogue on business growth and international cooperation.
In conclusion, DIEZ’s launch of a AED 500 million venture capital fund to support technology startups is a significant step towards realizing Dubai’s vision of becoming a global technology and innovation hub. The fund reflects Dubai’s dedication to fostering the growth of small and medium-sized enterprises and solidifies its position as a premier destination for technology startups. With strong leadership and a clear focus on innovation, Dubai is set to shape the future of the technology industry on a global scale.
DIEZ Launches AED 500 Million Venture Capital Fund to Finance Tech Startups
Dubai, a global hub for innovation and economic growth, has taken another giant stride in its commitment to foster the growth of technology startups. Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, the Dubai Integrated Economic Zones Authority (DIEZ) recently announced the launch of a venture capital (VC) fund worth AED 500 million. This fund, initiated during the Dubai Business Forum, organized by Dubai Chambers, aims to provide much-needed financial support to technology startups and further bolster Dubai’s digital economy sector.
A Game-Changer for Startups
The AED 500 million VC fund is the first investment program launched under the banner of Oraseya Capital, the venture capital arm of DIEZ specializing in venture investment operations for startups. This fund is poised to play a pivotal role in supporting startups, starting from the pre-seed stage and extending all the way to the Series B investment stage. It represents a strategic move aligning with the directives of Sheikh Mohammed bin Rashid Al Maktoum to support the growth of Dubai’s digital economy sector.
The primary objective of this initiative is to address the existing gaps in corporate finance, particularly during crucial developmental stages, making it clear that Dubai is committed to keeping pace with the world’s leading economies in the field of startup investment. The fund’s establishment reflects Dubai’s commitment to support the growth, advancement, and reinforcement of the national economy through technology startups.
Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DIEZ, expressed his confidence in the venture’s capabilities, emphasizing the importance of nurturing innovative, advanced, and creative enterprises. The ultimate goal is to see these startups join the esteemed ranks of ‘unicorn’ companies and begin their journey right here in Dubai, a key player in shaping the global economy.
Bridging the Finance Gap
One of the fund’s core objectives is to address the existing gaps in corporate finance, particularly during these crucial developmental stages. The initiative reflects Dubai’s commitment to keeping pace with the world’s leading economies in the field of startup investment, recognizing the potential these companies hold for contributing to the growth, advancement, and reinforcement of the national economy.
DIEZ established Oraseya Capital to reinforce capability and competency building. The initiative is geared towards facilitating the global expansion aspirations of startups and making investments in cutting-edge technology. These endeavors collectively serve to strengthen Dubai’s status as a rapidly growing hub and an attractive destination for companies and enterprises alike.
Dr. Mohammed Al Zarooni, Executive Chairman of DIEZ, leads the Board of Directors of this enterprise. Its members include specialists in financial funds, corporate establishment, business development, and investment consulting, each bringing over 15 years of experience in the startups field, specifically within the UAE and Dubai. Leveraging the extensive experience of DIEZ and its economic zones, spanning nearly a quarter of a century, brings added depth and perspective to this initiative.
An Attractive Destination for Tech Startups
Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, highlighted the significance of DIEZ’s investment fund in positioning Dubai as a leading destination for investments and a global hub for financing technology startups. This initiative is an advanced step towards enhancing Dubai’s global competitiveness in attracting and financing technology startups.
Dr. Mohammed Al Zarooni emphasized the core values of Oraseya Capital, which include effective engagement, support for modern technology, and the cultivation of creative ideas. The initiative prioritizes adaptability by remaining open to new opportunities and contemporary technologies that align with the fund’s objectives. Integrity stands at the forefront, with a commitment to upholding the highest standards of transparency, all in service of supporting and financing technology companies at the emirate’s level.
Providing a Platform for Growth
Oraseya Capital has introduced its official website, providing a platform for business owners to submit financing applications to the VC fund. This initiative targets local companies within the city, as well as international enterprises seeking to establish their operations in Dubai.
The VC fund excels at providing support to companies that are part of its investment portfolio by adopting a direct guidance approach and active participation to help companies ensure their success and growth instead of investing in assets only.
Dubai’s Vision for Economic Growth
DIEZ’s overarching aim is to elevate Dubai’s standing as a regional and global investment hub across all sectors. This strategy seeks to enhance economic growth and formulate a comprehensive economic blueprint for the city. The blueprint envisions a diverse economic landscape, fostering a myriad of investment opportunities and promoting a business-friendly environment.
The Dubai Business Forum, launched under the theme “Shifting Economic Power: Dubai and the Future of Global Trade,” is a testament to Dubai’s commitment to advancing its global economic position. The two-day event serves as an ideal platform for announcing initiatives like the AED 500 million VC fund, bringing together the global business community to engage in rich dialogue on business growth and international cooperation.
In conclusion, DIEZ’s launch of a AED 500 million venture capital fund to support technology startups is a significant step towards realizing Dubai’s vision of becoming a global technology and innovation hub. The fund reflects Dubai’s dedication to fostering the growth of small and medium-sized enterprises and solidifies its position as a premier destination for technology startups. With strong leadership and a clear focus on innovation, Dubai is set to shape the future of the technology industry on a global scale.
Dubai, a global hub for innovation and economic growth, has taken another giant stride in its commitment to foster the growth of technology startups. Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, the Dubai Integrated Economic Zones Authority (DIEZ) recently announced the launch of a venture capital (VC) fund worth AED 500 million. This fund, initiated during the Dubai Business Forum, organized by Dubai Chambers, aims to provide much-needed financial support to technology startups and further bolster Dubai’s digital economy sector.
A Game-Changer for Startups
The AED 500 million VC fund is the first investment program launched under the banner of Oraseya Capital, the venture capital arm of DIEZ specializing in venture investment operations for startups. This fund is poised to play a pivotal role in supporting startups, starting from the pre-seed stage and extending all the way to the Series B investment stage. It represents a strategic move aligning with the directives of Sheikh Mohammed bin Rashid Al Maktoum to support the growth of Dubai’s digital economy sector.
The primary objective of this initiative is to address the existing gaps in corporate finance, particularly during crucial developmental stages, making it clear that Dubai is committed to keeping pace with the world’s leading economies in the field of startup investment. The fund’s establishment reflects Dubai’s commitment to support the growth, advancement, and reinforcement of the national economy through technology startups.
Sheikh Ahmed bin Saeed Al Maktoum, Chairman of DIEZ, expressed his confidence in the venture’s capabilities, emphasizing the importance of nurturing innovative, advanced, and creative enterprises. The ultimate goal is to see these startups join the esteemed ranks of ‘unicorn’ companies and begin their journey right here in Dubai, a key player in shaping the global economy.
Bridging the Finance Gap
One of the fund’s core objectives is to address the existing gaps in corporate finance, particularly during these crucial developmental stages. The initiative reflects Dubai’s commitment to keeping pace with the world’s leading economies in the field of startup investment, recognizing the potential these companies hold for contributing to the growth, advancement, and reinforcement of the national economy.
DIEZ established Oraseya Capital to reinforce capability and competency building. The initiative is geared towards facilitating the global expansion aspirations of startups and making investments in cutting-edge technology. These endeavors collectively serve to strengthen Dubai’s status as a rapidly growing hub and an attractive destination for companies and enterprises alike.
Dr. Mohammed Al Zarooni, Executive Chairman of DIEZ, leads the Board of Directors of this enterprise. Its members include specialists in financial funds, corporate establishment, business development, and investment consulting, each bringing over 15 years of experience in the startups field, specifically within the UAE and Dubai. Leveraging the extensive experience of DIEZ and its economic zones, spanning nearly a quarter of a century, brings added depth and perspective to this initiative.
An Attractive Destination for Tech Startups
Abdul Aziz Abdulla Al Ghurair, Chairman of Dubai Chambers, highlighted the significance of DIEZ’s investment fund in positioning Dubai as a leading destination for investments and a global hub for financing technology startups. This initiative is an advanced step towards enhancing Dubai’s global competitiveness in attracting and financing technology startups.
Dr. Mohammed Al Zarooni emphasized the core values of Oraseya Capital, which include effective engagement, support for modern technology, and the cultivation of creative ideas. The initiative prioritizes adaptability by remaining open to new opportunities and contemporary technologies that align with the fund’s objectives. Integrity stands at the forefront, with a commitment to upholding the highest standards of transparency, all in service of supporting and financing technology companies at the emirate’s level.
Providing a Platform for Growth
Oraseya Capital has introduced its official website, providing a platform for business owners to submit financing applications to the VC fund. This initiative targets local companies within the city, as well as international enterprises seeking to establish their operations in Dubai.
The VC fund excels at providing support to companies that are part of its investment portfolio by adopting a direct guidance approach and active participation to help companies ensure their success and growth instead of investing in assets only.
Dubai’s Vision for Economic Growth
DIEZ’s overarching aim is to elevate Dubai’s standing as a regional and global investment hub across all sectors. This strategy seeks to enhance economic growth and formulate a comprehensive economic blueprint for the city. The blueprint envisions a diverse economic landscape, fostering a myriad of investment opportunities and promoting a business-friendly environment.
The Dubai Business Forum, launched under the theme “Shifting Economic Power: Dubai and the Future of Global Trade,” is a testament to Dubai’s commitment to advancing its global economic position. The two-day event serves as an ideal platform for announcing initiatives like the AED 500 million VC fund, bringing together the global business community to engage in rich dialogue on business growth and international cooperation.
In conclusion, DIEZ’s launch of a AED 500 million venture capital fund to support technology startups is a significant step towards realizing Dubai’s vision of becoming a global technology and innovation hub. The fund reflects Dubai’s dedication to fostering the growth of small and medium-sized enterprises and solidifies its position as a premier destination for technology startups. With strong leadership and a clear focus on innovation, Dubai is set to shape the future of the technology industry on a global scale.
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