Abu Dhabi’s innovation ecosystem powers ahead with addition of three global tech companies

Abu Dhabi’s innovation ecosystem powers ahead with addition of three global tech companies

ABU DHABI, 31st January, 2023 (WAM) -- The Abu Dhabi Investment Office (ADIO) announced its support for three innovative global companies as the UAE capital’s tech ecosystem begins 2023 in expansion mode.

ADIO’s support of Ubisoft, Insilico Medicine and the Applied AI Company (AAICO) will enhance Abu Dhabi’s tech R&D and operational capabilities, building tech talent and infrastructure to spur innovation across sectors.

The three companies are at the forefront of innovation in areas including artificial intelligence (AI) and gaming. Ubisoft is a leading creator, publisher and distributor of interactive entertainment and services. Insilico Medicine is a market leader in pharma technology that utilises AI for rapid drug discovery, synthesis and testing, while AAICO is a UK-based technology company focused on building products to automate and enhance mission critical processes within the health and safety sectors.

ADIO is providing comprehensive support and will work closely with each company to pioneer new technology and products in the UAE capital. The new partnerships boost the local innovation ecosystem, with ADIO supporting 12 tech companies over the last 12 months, including Noon, Siemens Energy, Liquidity Capital, Innovaccer and OurCrowd.

Abdulla Abdul Aziz Al Shamsi, Acting Director-General of ADIO, said, “Abu Dhabi is starting 2023 as we ended