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The 256 Community, a number one invite-only community group bringing collectively world decision-makers investing in personal markets, signed a memorandum of understanding with Abu Dhabi World Market, the worldwide monetary centre of the UAE’s capital Emirate, on the sidelines of Abu Dhabi Finance Week. The week-long occasion served as a platform for in-depth conversations across the MENA area’s thriving monetary sector, business traits, developments and innovation involving monetary markets and world banking.
The signing ceremony was attended by Dhruv Sehra – Founder and CEO of 256 Community, Pankaj Gupta, Co-founder and Co-CEO of Gulf Islamic Investments and Founding Board Member of 256 Community GCC Chapter & Prashanth Prakash, Founding Board Member of 256 Community and Founding Associate of Accel Companions, Rajan Navani (nearly), Founding Board Member of the 256 Community, VC & MD, Jetline Group (JetSynthesys) in addition to Rajiv Sehgal, Chief Technique Officer of ADGM, Dhaher bin Dhaher, CEO of Registration Authority of ADGM, Hamad Al Mazrouei, COO of ADGM and Saeed Al Khoori, Director of Sovereign and Strategic Partnerships of ADGM and different senior members from each entities. A part of the go to was to launch their workplaces in Abu Dhabi according to their growth plans.
As per the MoU, 256 Community and Abu Dhabi World Markets (ADGM) will collectively collaborate on growing the startup ecosystems of India and UAE and catalyze cross border innovation and collaboration.
The Group additionally launched their Rising Fund Supervisor Fellowship the place 256 Community will facilitate entry, fund them and assist first- and second-time fund managers from internationally in launching their funds. This system is designed for fund managers engaged on funding autos in enterprise capital and personal fairness. They are going to be capable to leverage ADGM’s experience and entry to achieve a aggressive edge whereas launching their funds.
To know extra and apply for the 256 Community Rising Fund Supervisor Fellowship, you’ll be able to go to their web site – www.twofiftysix.community/
Throughout Abu Dhabi Finance Week, 256 Community invited 250 of their world members for a retreat that included completely different actions, one in all which was visiting the Hindu Mandir temple, the primary conventional Hindu Temple within the Center East.
The go to was accompanied by Dr. Sultan Karmostaji, Deputy Director Basic Training Coaching Growth at Minitry of Inside Abu Dhabi, Founder and Chairman of UAE Angels Capital Funding, and His Holiness Brahmavihari Swami, in addition to 256 Founding board members, Pankaj Gupta, and Prashanth Prakash.
Dhruv Sehra, Founder & CEO of 256 Community, stated: “The MoU signifies an important milestone in worldwide cooperation between the 2 entities. It’s going to facilitate mutual help to strengthen the supervision of cross-border operations of economic establishments beneath their purview. As we cross the edge into our growth, we’re eager to fortify our footprint in Abu Dhabi, because the group will spare no effort in consolidating the prominence of the UAE’s thriving market and aspiration to proceed inviting traders and leveraging its full-scale capability.”
Rajan Navani, Founding Board Member, 256 Community and VC & MD, Jetline Group, stated: “The MoU with ADGM has resulted into the creation of a sizeable worldwide partnership that can assist each the organisations groom upcoming fund managers by offering steerage and assist like no other- one with synergy and nice expertise. That is additionally a major step in the direction of making certain larger ease of investing and doing enterprise within the MENA area which is filled with untapped potential. I’m wanting ahead to seeing what we are able to obtain collectively within the coming future.”
Prashanth Prakash, Founding Board Member, 256 Community and Founding Associate of Accel Companions stated: “Each of our areas have had lengthy standing enterprise relationships spanning many years and this growth marks a brand new affiliation which is able to catalyse synergies between each our enterprise and start-up communities. I’m excited to see the following innovation and startups that get constructed on account of our collaboration. Each our startup communities are amongst the quickest rising on this planet and this partnership won’t solely create extra jobs but additionally generate cultural and monetary capital which is able to compound each our economies on this decade”
Arvind Ramamurthy, Chief of Markets of ADGM stated “We’re happy to companion with 256 Community via the signing of this MoU. This step is particularly necessary as we witness the continual progress and growth of the monetary market in Abu Dhabi and the UAE. Strengthening ties with worldwide business leaders is on the forefront of our technique and we’re wanting ahead to working with our companions in India to create extra funding alternatives and develop a sturdy enterprise ecosystem.
We are going to proceed to work with our strategic companions, domestically and internationally, to additional Abu Dhabi and the UAE’s financial improvement plans and obtain larger investor belief, accessibility and ease of doing enterprise in Abu Dhabi and past.”
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