"Crescent Enterprises" Launches an investment program worth 250 million dirhams
Sharjah, 16 October / WAM / Crescent Enterprises – based in the Emirate of Sharjah – launched an investment program worth 250 million dirhams to expand the scope of “Crescent Enterprises Innovative Projects”, its project building platform.
This new funding constitutes a pivotal step in developing Crescent Innovative Enterprises into a leading platform for incubating and expanding high-growth, positive-impact startups from the UAE towards the global level.
As a multi-sector innovation platform, Crescent Innovative Enterprises will deploy long-term sustainable capital, specialized operational expertise and access to business networks to transform early-stage ideas into companies capable of competing globally and expanding from the MENA region towards international markets.
Badr Jaafar, CEO of Crescent Enterprises, said: “The UAE has become a launching pad for ambitious entrepreneurs, and our shared vision is for it to be seen as a global capital for emerging companies. Through Crescent Enterprises, our project building platform, we work to enable entrepreneurs to transform their ambitions into achievements that prove successful locally and have competitive ability on the global level.”
Crescent Innovative Enterprises has already contributed to the launch of a group of distinguished startup companies, including “ION”, which specializes in developing sustainable mobility solutions, and “Break Bread”, an innovative digital platform for community dining experiences, supper clubs, and others.
For his part, Tushar Singhvi, Executive Vice President and Head of Investments at Crescent Enterprises, said that the allocation of 250 million dirhams constitutes a strategic milestone for both “Crescent Enterprises” and the path of entrepreneurship in the region, as our model combines disciplined capital investment and direct operational support, which is a rare approach in the traditional financing system for emerging projects, which provides a conducive environment for sustainable growth. And expansion internationally.
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