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UAE and Ireland's Continuous Ventures have partnered to support tech startups with funding, mentorship, and strategic guidance. This collaboration aims to accelerate the growth of high-potential companies, providing them with the resources needed to scale and succeed in the competitive global market. The initiative fosters innovation and strengthens the tech ecosystem by connecting entrepreneurs with experienced partners from both regions.
Venture capital firm Continuous Ventures is targeting expansion into the UAE as part of its plan to support tech startups in Dubai and Abu Dhabi.
The UAE government has partnered with Continuous Ventures, an Ireland-based venture capital firm and accelerator, to assist in attracting tech startups to the country. This collaboration is part of the Ministry of Economy's NextGen FDI initiative, which aims to draw innovative global companies to the UAE.
Continuous Ventures will contribute to the initiative in three main ways:
Dr. Thani Al Zeyoudi, UAE Minister of State for Foreign Trade, highlighted that this partnership strengthens the UAE’s ambition to become a global leader in innovation and entrepreneurship.
He commented, “This collaboration with Continuous Ventures plays a vital role in positioning the UAE as the preferred destination for pioneering businesses across various stages of their development.”
Dr. Al Zeyoudi emphasized that as the UAE focuses on diversifying its economy, nurturing new ventures in key sectors like med-tech, renewable energy, advanced manufacturing, agri-tech, and trade tech is essential to fostering a knowledge-based, innovative economy.
The minister also noted that Continuous Ventures’ expertise will help startups from the NextGen FDI programme access both local and regional opportunities, further broadening their global network.
Colin Meagle, the founding partner of Continuous Ventures, expressed that the UAE is an ideal location for their headquarters due to its forward-thinking approach to technology and innovation. Through the collaboration with NextGen FDI, he stated, they would assist local startups in competing on the global stage, turning local ideas into world-changing companies.
"This partnership marks an exciting milestone for us, and we are proud to contribute to the UAE's efforts in becoming a global tech innovation leader," Meagle added.
Continuous Ventures, founded in 2018 in Dublin, is now planning to expand from its global headquarters in Dubai. The firm offers hands-on support to early-stage companies, providing resources, industry knowledge, and mentorship.
With a strong focus on environmental, social, and governance (ESG) investing, Continuous Ventures also guides companies in market research, product development, and financial hygiene, following a "teach-a-founder" approach.
This aligns with the NextGen FDI initiative’s mission to foster a supportive environment for high-growth startups.
Initially, Continuous Ventures will support UAE-based startups through its offices in Dubai and Abu Dhabi. As the programme grows, the firm plans to expand into a larger campus-style facility in DIFC, in line with the increasing number of clients and investment partners.
Beyond providing funding, the firm aims to build a culture of excellence, offering a collaborative space where entrepreneurs can engage with industry experts, refine their ideas, and reach new milestones.
Continuous Ventures will also further strengthen the UAE's startup ecosystem by introducing their A, B, and C investment partners to the region.
For questions or comments write to writers@bostonbrandmedia.com
Source: arabianbusiness
