Latest news with #InovarticInvestment
Web Release
6 days ago
- Business
- Web Release
Khalifa Fund for Enterprise Development signs agreement with Inovartic Investment to support startups in UAE gaming sector
Khalifa Fund for Enterprise Development (KFED) has entered into a strategic agreement with the Inovartic Investment to enhance bilateral cooperation and support startups in the gaming sector in the UAE. At the centre of this agreement is a comprehensive framework designed to support early-stage gaming enterprises by offering incubation services, specialised training programs, and financial support. These initiatives will help developers design, build, and successfully bring to market original gaming content. Additionally, the agreement will deliver capacity-building programs to enhance expertise in areas such as game design and storytelling, in line with international best practices. A significant emphasis will also be placed on developing culturally inspired intellectual property that highlights Emirati heritage through authentic narratives, further supplementing the gaming sector with local content. To further accelerate innovation, the collaboration will focus on streamlining the commercialisation of gaming prototypes, enhancing investor pitch strategies, and improving pathways for successful launch of products in the market. Additionally, the agreement will pave the way for joint events and exhibitions that will showcase local talent and groundbreaking projects, increasing their visibility and impact on a larger scale. Mouza Al Nasri, Acting CEO of Khalifa Fund for Enterprise Development, said: 'This partnership represents a significant milestone in our commitment to supporting and empowering Emirati entrepreneurs within the gaming industry. By cultivating an environment that advocates creativity and innovation, we seek to unlock the capabilities of local talent in this dynamic field. Our collaboration with Inovartic Investment reflects our steadfast dedication to strengthening the knowledge economy and promoting sustainable development across diverse sectors, in alignment with the UAE's long-term national vision.' Saif Al Darmaki, Chairman and Co-Founder of Inovartic Investment, stated: 'This agreement marks a transformative chapter in shaping the UAE's future creative economy. By uniting strategic incubators with the rich legacy of Emirati storytelling, we are empowering a new generation of game developers to craft globally resonant intellectual properties — rooted in Abu Dhabi's vision. Our collaboration with Khalifa Fund underscores a shared ambition: to drive innovation, celebrate local heritage, and position Abu Dhabi as the region's premier hub for gaming industry.' Anwar Hussain, Managing Partner and Co-Founder of Inovartic Investment, said: 'We are honoured to partner with Khalifa Fund in driving transformative growth within the gaming industry. This collaboration goes beyond nurturing startups — it is about building a dynamic ecosystem where creative talent, cultural heritage, and global vision converge. Together, we are empowering Emirati innovators to redefine the gaming landscape, ensuring their influence extends from the UAE to the world stage.' This partnership underscores the shared dedication of both organisations toward nurturing a vibrant entrepreneurial ecosystem in the gaming sector. It marks a strategic move toward driving innovation and sustainable growth in the sector, while cementing the UAE's role as a centre for digital creativity. By providing financial support, skill development, and startup acceleration, Khalifa Fund and Inovartic Investment jointly aim to build an integrated ecosystem that supports the UAE's broader economic aspirations. Together, they strive to elevate Abu Dhabi's position as a leading regional hub for gaming, aligned with global standards, offering transformative opportunities and innovative solutions to entrepreneurs and creatives alike.
Mid East Info
6 days ago
- Business
- Mid East Info
Khalifa Fund for Enterprise Development signs agreement with Inovartic Investment to support startups in UAE gaming sector
Khalifa Fund for Enterprise Development (KFED) has entered into a strategic agreement with the Inovartic Investment to enhance bilateral cooperation and support startups in the gaming sector in the UAE. At the centre of this agreement is a comprehensive framework designed to support early-stage gaming enterprises by offering incubation services, specialised training programs, and financial support. These initiatives will help developers design, build, and successfully bring to market original gaming content. Additionally, the agreement will deliver capacity-building programs to enhance expertise in areas such as game design and storytelling, in line with international best practices. A significant emphasis will also be placed on developing culturally inspired intellectual property that highlights Emirati heritage through authentic narratives, further supplementing the gaming sector with local content. To further accelerate innovation, the collaboration will focus on streamlining the commercialisation of gaming prototypes, enhancing investor pitch strategies, and improving pathways for successful launch of products in the market. Additionally, the agreement will pave the way for joint events and exhibitions that will showcase local talent and groundbreaking projects, increasing their visibility and impact on a larger scale. Mouza Al Nasri, Acting CEO of Khalifa Fund for Enterprise Development, said: 'This partnership represents a significant milestone in our commitment to supporting and empowering Emirati entrepreneurs within the gaming industry. By cultivating an environment that advocates creativity and innovation, we seek to unlock the capabilities of local talent in this dynamic field. Our collaboration with Inovartic Investment reflects our steadfast dedication to strengthening the knowledge economy and promoting sustainable development across diverse sectors, in alignment with the UAE's long-term national vision.' Saif Al Darmaki, Chairman and Co-Founder of Inovartic Investment, stated: 'This agreement marks a transformative chapter in shaping the UAE's future creative economy. By uniting strategic incubators with the rich legacy of Emirati storytelling, we are empowering a new generation of game developers to craft globally resonant intellectual properties — rooted in Abu Dhabi's vision. Our collaboration with Khalifa Fund underscores a shared ambition: to drive innovation, celebrate local heritage, and position Abu Dhabi as the region's premier hub for gaming industry.' Anwar Hussain, Managing Partner and Co-Founder of Inovartic Investment, said: 'We are honoured to partner with Khalifa Fund in driving transformative growth within the gaming industry. This collaboration goes beyond nurturing startups — it is about building a dynamic ecosystem where creative talent, cultural heritage, and global vision converge. Together, we are empowering Emirati innovators to redefine the gaming landscape, ensuring their influence extends from the UAE to the world stage.' This partnership underscores the shared dedication of both organisations toward nurturing a vibrant entrepreneurial ecosystem in the gaming sector. It marks a strategic move toward driving innovation and sustainable growth in the sector, while cementing the UAE's role as a centre for digital creativity. By providing financial support, skill development, and startup acceleration, Khalifa Fund and Inovartic Investment jointly aim to build an integrated ecosystem that supports the UAE's broader economic aspirations. Together, they strive to elevate Abu Dhabi's position as a leading regional hub for gaming, aligned with global standards, offering transformative opportunities and innovative solutions to entrepreneurs and creatives alike.
Zawya
19-05-2025
- Business
- Zawya
VLC Holdings and Cyber Falcon Cyber Security Services sign MoU to launch cybersecurity training facilities in the UAE
Tokyo, Japan - VLC Holdings Ltd (VLCHD), a leading Japanese technology company listed on the Nagoya Stock Exchange, and Cyber Falcon Cyber Security Services, a subsidiary of Abu Dhabi-based Inovartic Investment, signed a Memorandum of Understanding (MOU) to establish cybersecurity training facilities across the UAE. The MOU was signed during the Abu Dhabi–Tokyo Business Connect forum, recently organised by the Abu Dhabi Chamber in Tokyo, Japan. Under the MOU, VLCHD will provide its Cyber Arena platform, an advanced simulation system for cyber defence training, for Cyber Falcon to supply and deploy at select customer sites across the UAE. The project aims to support vital sectors in the country, such as government agencies, banks, and the power generation sector, by providing practical training in cybersecurity to enhance their readiness and ability to counter cyber threats. This project aims to support vital sectors such as government, banking, and power generation by providing immersive, hands-on training to strengthen their ability to counter cyber threats. The two parties have committed to completing the deployment and commercial launch of the first cybersecurity training ground by December 31, 2025, marking a major milestone in enhancing cybersecurity capabilities in the region. The signing ceremony was attended by H.E. Shamis Ali Khalfan Al Dhaheri, Second Vice Chairman and Managing Director of the Abu Dhabi Chamber of Commerce and Industry. His Excellency said: 'We congratulate both companies on this cooperation, which will add value in achieving our shared goals and fulfilling the aspirations of the Abu Dhabi Chamber to expand local business activities at the regional and global levels. It also supports its innovative partnerships that enhance the business environment in Abu Dhabi and the UAE, particularly in smart and vital sectors.' His Excellency Al Dhaheri added: 'The partnership between VLC Holding and Cyber Falcon represents an important step towards strengthening the UAE's cybersecurity infrastructure. By employing advanced technologies, such as the Cyber Arena platform, we are contributing to building a safer and more resilient digital environment to protect vital sectors in the country. This unique initiative represents a pivotal milestone in supporting national security and is in line with the Chamber's vision of establishing the UAE as a global benchmark for excellence in cybersecurity.' Norihiko Ishihara, CEO and President of VLC Holdings Ltd, said: 'This partnership represents a new chapter in regional cybersecurity readiness. By introducing the Cyber Arena to the UAE with Cyber Falcon, we are equipping institutions with innovative tools to strengthen their defences against evolving cyber threats.' Saif Aldarmaki, Chairman and Co-Founder of Cyber Falcon, said: 'We are proud to partner with VLC Holdings to launch this transformative initiative. This collaboration underscores the UAE's position as an emerging hub for cybersecurity excellence, and aligns with our mission to develop cybersecurity expertise, protect critical infrastructure, and advance national cybersecurity strategies.' Anwar Hussein, Managing Partner and Co-Founder of Cyber Falcon, added:"By integrating globally recognised technologies like the Cyber Arena platform with local talent and infrastructure, we are building a more robust digital defence ecosystem and empowering the next generation of skilled cybersecurity professionals" The MOU reflects the shared commitment of both parties to knowledge transfer, capacity building, and skills development within the UAE's cybersecurity sector. The two sides will work together to finalise operational plans and ensure the successful deployment and commercialisation of the Cyber Arena platform by the end of 2025.
