ADIO announces 535 MN AED to support Abu Dhabi entrepreneurship ecosystem
Abu Dhabi is committed to creating the optimal environment for entrepreneurs to develop, scale and build transformational businesses. As a flagship Ghadan 21 initiative, the Abu Dhabi government has announced the establishment of a AED 535 million fund to support Abu Dhabi’s growing entrepreneurship ecosystem. This fund will be managed by the Abu Dhabi Investment Office and will offer support in three different areas:
- To accelerate startup growth, the ADIO fund will match venture capital investments in Abu Dhabi-based startups.
- To increase the venture capital space’s competitiveness, ADIO will commit capital to first-time fund managers to help them establish and grow in Abu Dhabi.
The ADIO fund will go live April 28th, 2019. More information will be shared in advance of that date on investinabudhabi.ae, including application requirements to access the funds, disbursement criteria, and other terms and conditions.