Dubai-based A.R.M. Holding announced that it has established a Dh10 million ($2,722,719 million) 10-year fund, dedicating Dh1 million annually to support student startups from around the world that are focused on creating a positive social impact through the Art Dubai Group’s Global Grad Show.
“This initiative and A.R.M. Holding’s involvement are indicative of the type of economic and social enablement that drives our business and investment strategy. Through the fund, priority will be given to students who want to bring their inventions to life in the Emirate,” said Mohammad AlShehhi, chief executive officer (CEO) of A.R.M Holding.
Since 1976, the firm has made investments in a variety of sectors including real estate, education and telecommunications.
“Since 2015, Global Grad Show has given over 700 graduates around the world the opportunity to showcase their projects to an international audience and be seen by tens of thousands of people at the exhibition. This new generous commitment of A.R.M. Holding is a significant development for the programme as it will now enable participants to develop their projects for the market. We are indebted to A.R.M. Holding for supporting this new route, which cements the exhibition as a platform for early-stage innovation for a better tomorrow,” said Benedict Floyd, CEO of Art Dubai Group.