The Beam Foundation announced plans to launch Beam Ventures in Abu Dhabi, the first venture fund from ADGM focused exclusively on gaming. This $150 million gaming fund aims to accelerate promising founders and contribute to Abu Dhabi’s transformation into a global gaming hub.
Beam Ventures is positioned at the intersection of blockchain, gaming, and artificial intelligence. By stimulating innovation in these fields, Beam Ventures aims to redefine gaming experiences and collectively drive growth within the industry. As the gaming industry continues to evolve, organizations like Beam Ventures have the potential to bring change by providing resources for game developers and early-stage startups.
This fund is advanced by a commitment to shape the future of gaming together with the next generation of game developers and innovators. In collaboration with partners on the ground in Abu Dhabi, Beam Ventures aims to create an environment that nurtures talent and elevates Abu Dhabi’s status as a global gaming leader.
Abu Dhabi is quickly becoming a hotspot for gamers and game developers, with a growing community of players and transformative initiatives like developing an esports island. And the Emirate hosts various gaming events ranging from summits to tournaments of the biggest games in the world. Beam Ventures is determined to build on this momentum and attract top talent to the region, mainly through its accelerator program.
Aligning with its mission to cultivate and empower new talent, Beam Ventures will launch an accelerator program, inspired by globally recognized precedents. And this program is designed to support early-stage startups specializing in web3 gaming and AI, offering in-person and remote participation options. The program aims to create a breeding ground of successful startups that will impact the gaming industry and beyond.
KEY QUOTES:
“Over the past three years, we have built a robust gaming infrastructure in Abu Dhabi, and establishing a dedicated gaming fund is a crucial step in ensuring that this ecosystem continues to thrive. This initiative aligns seamlessly with our Abu Dhabi Gaming efforts, reflecting our commitment to welcoming investments in the gaming industry and highlighting the trust and confidence investors have in our ecosystem.”
“We remain deeply committed to attracting and nurturing talent in Abu Dhabi, contributing to the knowledge-sharing economy, and driving the growth of the creative industries. This fund is another step forward in ensuring Abu Dhabi becomes a global hub for gaming excellence and innovation.”
- HE Saeed Al Fazari, Strategic Affairs Executive Director at the Department of Culture and Tourism – Abu Dhabi
“At Beam Ventures, one thing drives us above all else: innovation. In whatever form it might take, innovation has always been our lifeblood and our North Star – and that’s why we are so delighted to be bringing our pursuit of innovation to Abu Dhabi, a city that has shown itself time and again to share our mindset. We’re convinced that Abu Dhabi is set to be the epicenter of the world’s most exciting, pioneering tech and gaming innovation for years and decades to come. We have always sought the cutting edge at Beam Ventures – and we know that with this collaboration we have found exactly that. We look forward to other cutting-edge creators and founders joining us on this adventure.”
- Mark Borsten – Chief Strategy Officer
