Abu Dhabi’s ADQ launches Dh1.1bn fund to invest in Asian start-ups – The National

Abu Dhabi’s ADQ launches Dh1.1bn fund to invest in Asian start-ups – The National

Abu Dhabi's ADQ launches Dh1.1bn fund to invest in Asian start-ups. The fund will help early-stage Indian and Southeast Asian companies to set up base in Masdar City. ADQ, one of the region's largest holding companies, launched a Dh1.1 billion venture fund to invest in early-stage Indian and Southeast Asian start-ups and help them set up a base in Abu Dhabi's Masdar City.. Alpha Wave Incubation (AWI) Fund will be based at the emirate's financial hub, Abu Dhabi Global Market, the company said in a statement on Wednesday.. The companies will benefit from the "exceptional digital infrastructure" already in place as well as highly advanced regulatory frameworks and other R&D initiatives, it said.. Mayank Singhal, head of venture capital and technology at ADQ, said AWI will help the company invest in start-ups that will generate sustainable, long-term financial returns and bring young entrepreneurs to Abu Dhabi.. " the start-ups will also benefit from access to ADQ's leading companies in sectors such as healthcare, food and agri-business, utilities and FinTech.". Its portfolio includes Abu Dhabi Power Corporation, Abu Dhabi Airports, Abu Dhabi Ports, Etihad Rail, Abu Dhabi Health Services (Seha), insurer Daman, media companies Abu Dhabi Media and twofour54 and Abu