UAE telecom operator du has announced the launch of du Ventures, a $50 million (AED184 million) corporate venture fund designed to support innovative startups and strengthen the country's growing digital economy.
Created in partnership with investment firm Shorooq, du Ventures represents a major step forward in du's strategy to expand beyond traditional telecommunications and play a more active role in fostering innovation across the UAE and the wider Middle East.
The new fund aims to provide startups with not only financial support but also access to du's extensive infrastructure, enterprise network, and industry expertise.
What is du Ventures?
du Ventures is a corporate venture capital initiative focused on identifying and investing in high-potential technology startups that are shaping the future of digital transformation.
The fund will target startups operating in key sectors including:
- Artificial Intelligence (AI)
- Financial Technology (Fintech)
- Cybersecurity
- Cloud Computing
- Gaming
- Loyalty Platforms
- Enterprise Technology Solutions
- Customer Experience Technologies
Through du Ventures, startups will have opportunities to accelerate product development, expand their market presence, and access strategic business partnerships.
Supporting the UAE's Digital Economy Vision
The launch of du Ventures comes at a time when the UAE continues to strengthen its position as a leading regional technology and innovation hub.
Government initiatives focused on artificial intelligence, digital transformation, smart cities, and economic diversification have created significant opportunities for entrepreneurs and technology companies.
By establishing du Ventures, du aims to contribute directly to the UAE's long-term digital economy goals while helping create a stronger startup ecosystem.
The fund is expected to support both early-stage and growth-stage companies that align with the UAE's innovation agenda.
Focus on Emerging Technologies
One of the primary objectives of du Ventures is to accelerate the commercialization of emerging technologies that can deliver long-term value to businesses and consumers.
Startups selected for investment will benefit from:
- Access to du's enterprise customer network
- Technical infrastructure support
- Industry expertise and mentorship
- Strategic partnerships
- Market expansion opportunities
- Commercialization assistance
This approach allows founders to move beyond traditional funding and gain access to resources that can significantly improve growth potential.
du CEO Highlights Long-Term Commitment
Commenting on the launch, Fahad Al Hassawi, CEO of du, emphasized that du Ventures aligns with both the company's strategic priorities and the UAE's national vision for innovation.
He stated that the initiative reflects du's commitment to supporting meaningful digital transformation while helping build a globally competitive digital economy.
According to Al Hassawi, the fund will focus on technologies and entrepreneurs capable of creating lasting impact across multiple industries.
By combining startup innovation with du's infrastructure and enterprise reach, the company hopes to accelerate the adoption of advanced technologies throughout the region.
Shorooq to Manage Investment Activities
Under the partnership agreement, venture capital firm Shorooq will manage the investment operations of du Ventures.
Shorooq will be responsible for identifying startups that match du's technology roadmap and strategic business objectives.
The partnership combines Shorooq's extensive investment experience with du's market presence and industry expertise, creating a platform designed to help startups scale faster.
A significant share of the fund's capital will be directed toward UAE-based startups, supporting the development of local innovation and entrepreneurship.
Growing Trend of Corporate Venture Capital in the Gulf
The launch of du Ventures reflects a broader trend across the Gulf region, where large corporations are increasingly establishing venture capital funds to support innovation.
Corporate venture funds provide startups with advantages that extend beyond financial investment. Founders gain access to:
- Established customer bases
- Distribution channels
- Strategic industry partnerships
- Operational expertise
- Market credibility
This model has become increasingly popular as corporations seek to stay connected with emerging technologies while helping startups achieve faster growth.
Strengthening the UAE Startup Ecosystem
The introduction of du Ventures is expected to further strengthen the UAE's startup ecosystem by increasing access to capital and strategic support.
As demand for AI, cybersecurity, fintech, and cloud solutions continues to grow, startup founders are increasingly seeking investors who can provide both funding and commercial opportunities.
By focusing on innovation, technology adoption, and business growth, du Ventures aims to become a key driver of entrepreneurship in the UAE and across the Middle East.
A New Chapter for Digital Innovation
The launch of du Ventures marks an important milestone in the evolution of the UAE's technology sector. With a dedicated $50 million investment fund, strong corporate backing, and experienced venture capital management, the initiative is positioned to help the next generation of startups bring innovative solutions to market.
As the UAE continues to advance its digital transformation agenda, du Ventures is expected to play a significant role in supporting entrepreneurs, accelerating innovation, and contributing to long-term economic growth.
For startups operating in AI, fintech, cybersecurity, cloud computing, and other emerging sectors, du Ventures could become one of the most valuable sources of strategic investment and business support in the region.
