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Abu Dhabi's $545m innovation scheme backs Coffee app COFE's expansion plans

RIYADH: Kuwait's Coffee marketplace COFE App, London-based Fairwater Capital, and UAE's headquartered Frontera Capital, have joined Abu Dhabi Investment Office’s, or ADIO, $545 million innovation scheme to boost their expansion plans. Under the program, the three firms are to receive financial support of an undisclosed sum from ADIO., Forbes Middle East reported. Founded ....

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Emirates News Agency - ADIO's Innovation Programme builds capabilities, diversifies Abu Dhabi's economy with AED1 bn now allocated to 37 companies

ABU DHABI, 11th February, 2022 (WAM) The Abu Dhabi Investment Office (ADIO) has kicked off 2022 with three new Innovation Programme partnerships, bringing total incentives awarded to date to AED1 billion ($272 million). Fairwater Capital, Frontera Capital and COFE App join a total of 37 companies benefitting from ADIO’s AED2 billion (USD 545 million) Innovation Programme since its 2020 launch.

Innovation Programme companies operate in high-growth, tech-focused industries, with 13 in the information & communications technology (ICT) sector, nine in agriculture technology (AgTech), eight. ....

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