Page 142 - MOE ENGLISH PR REPORT- NOVEMBER 2024

11/29/24, 9:35 AM UAE to become a global leader in innovation and entrepreneurship
accelerate our economic diversification efforts, our ability to nurture new ideas, new capabilities and
new ventures, particularly in high-potential sectors such as med-tech, renewable energy, advanced
manufacturing, agri-tech and trade tech, will support our ambition to develop an economy-based on
knowledge and innovation," he added.

Dr. Al Zeyoudi stated that the experience of Continuous Ventures will help NextGen FDI companies
leverage the opportunities in the local and regional market but introduce new enterprises to its
network.

Colin Meagle, Founding Partner of Continuous Ventures, said, "The UAE is an ideal base for our
headquarters due to its forward-looking approach to technology and innovation. Through our
partnership with NextGen FDI, we can help homegrown startups compete on a global stage,
transforming local ideas into world-changing companies. This collaboration marks an exciting new
chapter for us, and we're honoured to contribute to the UAE's journey towards becoming a world
leader in tech innovation."

Founded in 2018 in Dublin but now seeking to expand from its new global headquarters in Dubai,
Continuous Ventures offers a hands-on support model to early-stage companies, providing them with
tools, resources, industry knowledge and mentorship.

The firm, which has a strong focus on ESG investing, also provides operational guidance in areas
such as market research, product development and financial hygiene, deploying a "teach-a-founder"
approach. This dovetails with the NextGen FDI initiative's role in accelerating the development of a

supportive ecosystem for high-growth, high-potential companies.

Continuous Ventures will initially support high-potential UAE-based startups within its Dubai and Abu

Dhabi offices, with plans to expand into a larger campus-style facility in DIFC as the programme
scales with client and investment partners.

The firm's mission goes beyond funding; it aims to build a culture of excellence by fostering a

collaborative environment where entrepreneurs can interact with industry veterans, refine their ideas,
and work towards their next milestone. They will further support the UAE's startup ecosystem by
introducing their A, B and C investment partners to the region.

Meanwhile earlier Abdulla Bin Touq Al Marri, Minister of Economy, held a meeting with Widiyanti Putri
Wardhana, Indonesian Minister of Tourism, at the Ministry of Economy office to explore means to
enhance tourism cooperation between the two countries.

The meeting also focused on encouraging joint efforts to increase mutual tourism flows.
During the meeting, the Minister of Economy emphasised the historical ties and strategic partnership
between the UAE and Indonesia across all fields. The economic collaboration between the two
nations continues to thrive, covering a range of vital sectors and initiatives, thanks to the shared
commitment of both leaderships to advancing them.

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