Page 150 - MOE ENGLISH PR REPORT- NOVEMBER 2024

11/29/24, 9:35 AM Ministry of Economy’s NextGen FDI Program partners with Continuous Ventures to support the UAE’s startup ecosystem - Middle …
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 a suite of 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.

According to His Excellency Dr. Thani Al Zeyoudi, Minister of State for Foreign Trade, 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. The
experience and expertise of Continuous Ventures will help NextGen FDI companies leverage the

opportunities in the local and regional market but introduce new enterprises to our growing
network.”

Colin Meagle, Founding Partner of Continuous Ventures, emphasized the UAE’s unique position
as a launchpad for innovation and entrepreneurship: “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 honored to contribute to the UAE’s journey towards becoming a

world leader in tech innovation.”

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
program scales with client and investment partners. The firm’s mission goes beyond funding;

they aim 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 start-up ecosystem by introducing their A,
B and C investment partners to the region.

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