The accelerator program will support early-stage startups specializing in web3 gaming and AI, offering both in-person and remote participation options. Beam Ventures, whose executive team hails from Merit Circle with a strong background in the crypto space, aims to foster innovation and redefine gaming experiences. The fund has not disclosed its limited partners and has yet to make any investments. Beam Ventures is committed to shaping the future of gaming and sees Abu Dhabi as a potential epicenter for pioneering tech and gaming innovation.
Key takeaways:
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- Beam Ventures is launching a $150 million venture fund in Abu Dhabi, focused exclusively on gaming, with an emphasis on blockchain, AI, virtual reality, and augmented reality.
- The fund aims to transform Abu Dhabi into a global gaming hub by nurturing talent and supporting early-stage startups through an accelerator program.
- Beam Ventures is strategically positioned at the intersection of gaming and technology, aiming to redefine gaming experiences and drive industry growth.
- The initiative aligns with Abu Dhabi's efforts to build a robust gaming infrastructure and attract top talent, contributing to the region's status as a leader in gaming innovation.