Deepens engagement with startup ecosystem
Oraseya Capital, the investment arm of Dubai Integrated Economic Zones Authority (DIEZ), redently signed a Memorandum of Understanding (MoU) with NQubator, an innovation platform for early-stage tech venture creation, to establish a strategic framework supporting the identification, development, and investment readiness of early-stage technology startups in the UAE.
The MoU was signed by Hassan Waheed, Executive Vice President, Finance, DIEZ and Partner, Oraseya Capital, and Saeed Hamad Al Hamli, Founder and CEO, NQuBator, in the presence of senior representatives from both organisations.
Under the agreement, NQubator will refer selected startups from its programmes and ecosystem initiatives to Oraseya Capital for evaluation. These startups will have completed structured incubation and validation processes designed to enhance their commercial readiness and scalability.
Investment readiness
“Working with NQubator enables us to engage earlier in the startup journey, strengthen investment readiness, and support innovation-led entrepreneurship in line with our strategic priorities,” commented Hassan Waheed.
“Connecting our founders with an institutional investor such as Oraseya Capital enhances their access to capital, expertise, and strategic networks, while contributing to a more integrated and mature innovation ecosystem in the UAE,” added Al Hamli.
This strategic partnership underscores a shared commitment to accelerating the transition of startups from incubation to investment readiness. It aims to strengthen the quality of early-stage companies entering the venture pipeline and enhance the effectiveness of the ecosystem that supports them, contributing to the long-term growth of a more competitive and globally connected technology sector in the UAE, a press statement concluded.
