Page 170 - MOE ENGLISH PR REPORT- NOVEMBER 2024

11/29/24, 9:37 AM NextGen FDI Program and Continuous Ventures to support the UAE's startups - My Startup World - Everything About the World of …
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.

Launched in 2022, NextGenFDI aims to support the growth of the nation’s knowledge-driven economy by
attracting high-growth and high-potential companies to relocate to the UAE. To date, the program has
welcomed companies operating in future-focused sectors such as robotics, precision fermentation, hybrid
aviation and off-grid concentrated solar power.

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