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expanding their footprint in the GCC
strengthen bilateral relations India and UAE
Launch of the Emerging Fund Manager Scholarship for first and second global fund managers
Abu DhabiUnited Arab Emirates, December 5, 2022 /PRNewswire/ — 256 Network, a leading invitation-only networking group bringing together global decision makers investing in private markets, signs a Memorandum of Understanding with Abu Dhabi Global market, the international financial center of the emirate, the capital of the United Arab Emirates, during Abu Dhabi Financial Week. The week-long event serves as a platform for in-depth dialogue around the MENA region’s burgeoning financial sector, industry trends, financial markets and developments and innovations in global banking.
Those present at the signing ceremony were Drew Sehra – 256 Network Founder and CEO, Panka GuptaCo-Founder & Co-CEO of Gulf Islamic Investments & Founding Board Member of 256 Network GCC Chapter & prashanprakashFounding Board Member of 256 Network and Founding Partner of Accel Partners, rajannawani (virtually), founding board member of 256 Network, VC and MD, Jetline Group (JetSynthesys) and Rajeev SehgalADGM Chief Strategy Officer, dahel bin dahelCEO of ADGM Registry, Hamad MazroueiADGM Chief Operating Officer and Syed Curry, ADGM Sovereign and Strategic Partnerships Director and other senior members from both entities.part of the visit is in Abu Dhabi in line with their expansion plans.
according to memorandum of understanding256 Network and Abu Dhabi Global market (ADGM) will work together to develop an entrepreneurial ecosystem India and the UAE, promoting cross-border innovation and collaboration.
The group also launched their Emerging Fund Manager Scholarship 256 Network will facilitate them, provide them with capital, and help first and second fund managers from all over the world to launch their funds. The program is designed for fund managers working in venture capital and private equity investment vehicles. They will be able to leverage ADGM’s expertise and access to gain a competitive advantage while launching their funds.
To learn more and apply for the 256 Network Emerging Fund Manager Fellowship, please visit their website – https://www.twofiftysix.network/
During Abu Dhabi Financial Week, 256 Network invited their 250 global members to a retreat which included different activities, one of which was a visit to the Hindu Mandir Temple, the first traditional hindu temple middle East.
Accompanying the visit was Dr. Sultan Karmostaji, Deputy Director of the Ministry of Education, Training and Development of Singapore department His Holiness Brahmavihari Swami, Founder of Abu Dhabi Ministry of Interior and Chairman of UAE Angel Capital Investments, and 256 Founding Board Members of the Network, Panka Guptaand prashanprakash.
Drew SehraThe founder and CEO of 256 Network said: “The MoU marks an important milestone in the international cooperation between the two entities. Facilitate mutual assistance and strengthen the supervision of cross-border operations of financial institutions within the jurisdiction.As we cross the threshold of expansion, we are eager to strengthen our Abu Dhabi, as the group will spare no effort to strengthen its position in the prosperous UAE market and continue to attract investors and fully utilize its full capacity. “
rajannawaniFounding Board Member and VC & MD of 256 Network, Jetline Group stated: “The MoU with ADGM results in the creation of a sizable international partnership that will help both organizations develop upcoming fund managers by providing unparalleled guidance and support – a synergistic and rich experience. It is also an important step towards securing greater growth. It is very convenient to invest and do business in the MENA region full of untapped potential. I look forward to seeing what we can achieve together in the future.”
prashanprakash, Founding Board Member, Founding Partner of 256 Network and Accel Partners. Say: “Both of our regions have longstanding business relationships that span decades, and this expansion marks a new association that will foster synergy between our corporate and start-up communities. I’m excited to see the ensuing Innovation and start-ups are built from this”
Arvind RamamersiADGM Marketing Director stated: “We are delighted to partner with 256 Network by signing this MoU. This step is especially important as we witness the continued growth and expansion of the Chinese financial market Abu Dhabi and UAE.Strengthening our connections with international industry leaders is at the top of our strategy and we look forward to working with our partners in India Create more investment opportunities and develop a strong business ecosystem.
We will continue to work with local and international strategic partners to further Abu Dhabi and the UAE’s economic development plans with greater investor trust, accessibility and convenience Abu Dhabi beyond. “
About 256.com
256 Network is an invitation-only platform that brings together global decision makers investing in private markets. Membership is made up of peers and brings together managing directors, presidents and partners of VCs, PEs, CVCs, sovereign funds, endowments, funds of funds, family offices and industry affiliates. The 256 Network has more than 650 members in 30 countries.
photo: https://mma.prnewswire.com/media/1961481/256_Network_ADGM_Summit.jpg
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