The Beam Foundation has announced plans to launch Beam Ventures, a gaming-focused venture fund, in Abu Dhabi. The $150 million fund aims to accelerate founders and contribute to Abu Dhabi's transformation into a global gaming hub.

Beam Ventures, established by the Beam Foundation, is a gaming-focused venture fund and accelerator based in Abu Dhabi (UAE). It is committed to supporting early-stage projects in the (web3) gaming industry, with a particular focus on projects at the intersection of AI and gaming. In collaboration with partners in Abu Dhabi, Beam Ventures aims to create an environment that nurtures talent and enhances Abu Dhabi's status as a "global gaming leader".

"Abu Dhabi is rapidly becoming a hotspot for gamers and game developers, with a growing community of players and transformative initiatives like the development of an esports island. Moreover, the Emirate hosts a wide variety of 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," the annoucement reads. The accelerator programme is designed to support early-stage start-ups specialising in web3 gaming and AI, offering a combination of face-to-face and remote participation options.

HE Saeed Al Fazari, Strategic Affairs Executive Director at the Department of Culture and Tourism - Abu Dhabi, said: "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."

"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," said Mark Borsten, Beam's Chief Strategy Officer.

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Written by

Marcel Kleffmann
Marcel Kleffmann