Page 75 - INVESTOPIA ENGLISH PR REPORT - International Part 5

4/12/24, 1:40 PM IOTA Foundation launches $10m investment fund at Investopia 2024 to develop trade technology solutions | All India Bulletin

IOTA FOUNDATION LAUNCHES $10M INVESTMENT FUND AT
INVESTOPIA 2024 TO DEVELOP TRADE TECHNOLOGY

SOLUTIONS

Mar 26, 2024 | Business

Fund cements Investopia’s position as a global incubator for technology innovation investments, digital trade, and new economy
projects

DUBAI, UAE, March 26, 2024 /24-7PressRelease/ — His Excellency Abdulla Bin Touq Al Marri, UAE Minister of Economy and
Chairman of Investopia, attended the unveiling of a new investment fund valued at $10 million by the IOTA Ecosystem DLT
Foundation during Investopia 2024. The fund’s primary goal is to promote the development of TradeTech solutions and support the
expansion of startups and venture projects based on digital technology initiatives and the tokenisation of tangible assets.

The announcement aligns with Investopia’s vision to inspire entrepreneurs to expand into new economic sectors by offering the
necessary tools and opportunities to foster the growth and prosperity of their innovative projects.

The fund, introduced in partnership with TLIP, a specialised digital platform for trade data storage and exchange, aims to enhance the
trade technology landscape and foster a more interconnected, efficient, and accessible global trade system. Additionally, it seeks to
offer trade financing solutions to businesses and governments. This initiative aligns with the United Arab Emirates’ commitment to
advancing technologies applied in global trade with the support of Investopia. The main focus will be on supporting UAE-based
startups across Africa.

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