https://arab.news/gxsn8
Berlin-headquartered Tact Hub, the think-and-do tank under Tact Invest, has announced a strategic partnership with Falak Investment Hub, a full-fledged investment firm that supports technology startups and entrepreneurs in Saudi Arabia and the MENA region.
Falak, renowned for its expertise in nurturing startups and facilitating market entry, will collaborate with Tact Hub to identify and develop high-potential climate tech startups.
Its mission also encompasses uniting environmental, social, and governance principles with Shariah-compliant finance, ensuring its investments adhere to both ethical and religious standards.
Through this partnership with Falak Investment Hub, Tact Hub will leverage Falak’s extensive ecosystem in the MENA region to support early-stage companies aiming to scale globally.
Tact Hub startups will gain access to Falak’s robust network and resources, enabling them to scale effectively within the MENA and beyond. Both organizations will co-host curated investment pitch events, providing startups with unique opportunities to engage with a broad spectrum of investors.
This partnership with Tact Hub embodies our commitment to nurturing a sustainable future through collaboration and respect for our planet.
Adwa Al-Dakheel, founder and CEO of Falak Investment Hub
Moreover, Tact Hub startups will participate in Falak’s Flagship ClimateTech Program done in collaboration with Roots Ventures, benefiting from comprehensive training, mentorship, and market access initiatives designed to accelerate growth and innovation.
This collaboration will support startups that align with Saudi Arabia’s Vision 2030, contributing to the nation’s goals of environmental sustainability and economic diversification. The joint efforts are expected to significantly reduce CO2 emissions, targeting a collective reduction of 1 million tons.
Poonam Balan, managing director of Tact Hub, said: “This partnership with Falak Investment Hub is a significant step toward our goal of driving sustainable innovation. By combining our expertise and resources, we aim to support startups that can make a real impact on global environmental challenges and contribute to the ambitious goals of Saudi Arabia’s Vision 2030.”
Adwa Al-Dakheel, founder and CEO of Falak Investment Hub, said: “At Falak, we believe in the transformative power of community, innovation, and entrepreneurship. This partnership with Tact Hub embodies our commitment to nurturing a sustainable future through collaboration and respect for our planet. With that being said, by joining forces, we are not only fostering the growth of pioneering climate tech startups but also empowering a new generation of entrepreneurs to lead with purpose and impact. We are building a resilient and innovative ecosystem that will drive meaningful change for our environment and our communities.”