Adio Innovation Programme
Celebrating our Innovation Programme partners
Abu Dhabi Investment Office (ADIO) has announced three new Innovation Programme partnerships, bringing total incentives awarded to date to AED1 billion ($272 million).
The programme aims to fuel the development and diversification of Abu Dhabi’s economy, a statement said.
“Its success speaks to the emirate’s commitment of building an environment where businesses can come together to ideate, collaborate and create. Our 37 Innovation Programme partners are already making an impact regionally and we are committed to helping fast-track their progress by equipping them with the necessary resources and support for growth.”
Frontera Capital joins a total of 37 companies benefiting from ADIO’s AED2 billion Innovation Programme since its 2020 launch. Frontera Capital is a boutique investment firm which focuses exclusively on matching international investor risk appetite with domestic funding needs in frontier markets. With ADIO’s support, it will expand its capabilities from ADGM in originating, structuring and distributing frontier market risk through enhanced ADGM-based infrastructure and support.
Vicente Pons, CEO, and founder, said: “We considered several other financial centres before settling on Abu Dhabi because of the emirate’s business-friendly environment as well as its convenient time zone, central location to a larger number of frontier markets and excellent global and regional logistics networks.”