ADQ, one of the region's largest holding companies with a diverse portfolio of major enterprises spanning key sectors of Abu Dhabi's non-oil economy, has launched Alpha Wave Incubation (AWI) Fund, a new AED1.1 billion venture fund located at Abu Dhabi Global Market (ADGM).
AWI will target early-stage businesses in India and Southeast Asia, and help these start-ups set up global or regional headquarters in Abu Dhabi's Masdar City. By basing their business in the UAE's capital, companies will benefit from the exceptional digital infrastructure already in place as well as highly advanced regulatory frameworks and other R&D initiatives. AWI will also help its companies gain market access to the UAE and the broader MENA region. The programme will be managed by New York-based Falcon Edge Capital.