UAE telecom operator du has launched a $50 million (AED 184 million) corporate venture fund called du Ventures, managed in partnership with investment firm Shorooq, to ​​back high-growth tech startups and accelerate digital innovation across the region. Marking a strategic pivot beyond traditional telecommunications, the fund will target sectors like AI, fintech, cybersecurity, and cloud computing, with a significant capital allocation reserved for homegrown UAE startups. By providing founders with both financial backing and direct access to du's robust infrastructure, enterprise customer base, and industry expertise, the initiative aligns with the UAE's broader economic diversification goals and aims to bridge the gap between early-stage innovation and large-scale commercial deployment. (ICE DUBAI)

Fonte notizia: https://www.arabianbusiness.com/