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11/29/24, 9:35 AM NextGen FDI, Continuous Ventures partner to support startups in UAE – The Gulf Time Newspaper
NextGen FDI, Continuous Ventures partner to support

startups in UAE

ABU DHABI / WAM

The Ministry of Economy has announced that Continuous Ventures, an Ireland-based venture capital firm and accelerator that
specialises in supporting high-potential startups in the tech space, has become a strategic partner to its NextGen FDI

initiative, which seeks to attract pioneering global companies to the UAE.
Continuous Ventures will support the initiative’s mission in three core ways: to use its knowledge to assess potential
programme entrants, offer go-to-market strategies for onboarded companies, and introduce their startups to the initiative. Dr
Thani Al Zeyoudi, Minister of State for Foreign Trade, said the partnership underscores the UAE’s commitment to becoming a
global leader in innovation and entrepreneurship.
“This collaboration with Continuous Ventures will play an important role in our efforts to make the UAE the destination of
choice for pioneering enterprises at every stage of their growth journey. As we 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.

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