Beam Ventures aims to transform gaming investment in Abu Dhabi

In Abu Dhabi, United Arab Emirates, December 11, 2024 marks the announcement of Beam Ventures, a pioneering venture fund dedicated exclusively to the gaming sector. This initiative is spearheaded by the Beam Foundation, which aims to stimulate innovation within the gaming industry, particularly focusing on web3 technologies at the intersection of artificial intelligence and gaming. The launching of Beam Ventures highlights Abu Dhabi's ambition to emerge as a global hub for gaming excellence and innovation. The fund's establishment comes at a time when the gaming industry is rapidly evolving, and there is a pressing need for resources and support for both game developers and early-stage startups. Beam Ventures intends to create a nurturing environment that fosters talent through various collaborations with local partners. Central to the mission of Beam Ventures is the launch of an accelerator program that is inspired by successful models from around the world. Executives from the organization believe that this program will help attract top talent to the region and contribute significantly to the growth of creative industries in Abu Dhabi. With events and tournaments featuring major games already taking place in the emirate, Beam Ventures intends to harness this momentum and elevate Abu Dhabi's status within the global gaming landscape. Mark Borsten, Chief Strategy Officer of Beam Ventures, emphasized their commitment to innovation and the strategic importance of Abu Dhabi as a burgeoning center for technological advancements in gaming. The establishment of Beam Ventures signifies a critical step toward redefining gaming experiences and driving industry growth. It also reflects an increasing recognition of the necessity for specialized funding in the gaming sector to advance projects that align with the next generation of gaming technologies. By providing essential resources and support to startups, Beam Ventures expects to catalyze transformative developments within the gaming sphere. As Beam Ventures embarks on this journey, the collaboration with established players in Abu Dhabi reaffirms the commitment to nurturing talent and fostering a knowledge-sharing economy. The initiative is anticipated to not only support local gaming startups but also attract international talents and startups to explore opportunities in Abu Dhabi, ultimately contributing to the emirate's long-term vision of becoming a pivotal player in the global gaming industry.