33 global gaming startups take center stage as SHFT builds

DUBAI, United Arab Emirates, July 27 2022 (GLOBE NEWSWIRE) — The SHFT Build Gametech program hosted its first virtual demo day on Tuesday, July 19, 2022, spotlighting a select cohort of six startups from around the world working in gaming, esports, dev tools and Moreover. The event capped off an intensive two-month program featuring 33 companies from around the world, allowing over 150 investors, companies and government entities to experience some of Gametech’s most exciting seed and pre-seed ventures.

Powered by the MENAP region’s leading technology investor, Shorooq Partners, the SHFT Build Gametech program received over 150 applications from around the world. The best candidates have been selected to participate in the virtual program designed with one goal in mind: to help founders succeed and be ready for the seed investment.

Over eight weeks, 68 founders from 14 different countries spent a total of 300 hours with specially curated content from Shorooq Partners. Additionally, over 100 hours were spent in one-on-one coaching and mentoring sessions, improving their player acquisition funnels, fundraising and go-to-market strategies, all with top mentors in the business. gaming industry and an unrivaled network of business partners, investors. , and government entities.

“The most successful games today, such as Fortnite, League of Legends and Minecraft, are communities that retain long-term loyal users and generate billions of dollars in annual revenue. Games also drive innovation in the ‘whole consumer ecosystem, pioneering best-in-class mechanisms for user engagement, retention and monetization. And, in the long term, we believe that gaming infrastructure and technologies will be the primary building blocks of the metaverse,” said Mahmoud Adi, founding partner of Shorooq Partners.

In addition to in-depth knowledge and mentorship, founders participating in the program receive over $100,000 in cloud credits and basic publishing support from global industry players. They also have access to exclusive subsidized commercial licenses and legal assistance from Sharjah Media City – Shams, TwoFour54 and in5.

“Sharjah Media City is committed to positioning Sharjah as a world-class hub for media and creativity in the region and to making creative entrepreneurship more accessible to talented people. Gaming and esports are an important part of this mission – therefore, we were thrilled to join hands with Shorooq Partners on the SHFT Build Gametech program, which brings together some very talented founders with tremendous potential to work through the program and place our region firmly on the global map,” said His Excellency Dr. Khalid Al-Midfa, Chairman, Sharjah Media City, Shams.

With the next cohort due to take place in October 2022, applications are now open for participants to be part of the next program. Interested founders should apply through SHFT’s dedicated website: shft.shorooq.com

About Shorooq Partners

Founded in 2017, Shorooq Partners is the leading early-stage venture capital firm investing in MENAP’s most innovative startups. Shorooq Partners has backed market-leading disruptors, some of which include Pure Harvest Smart Farms, Sarwa, NymCard, Lean Technologies, TruKKer, Capiter and Retailo. Shorooq Partners is headquartered in Abu Dhabi and has six offices in the MENAP region.

Shorooq Partners refers to a group of companies that are affiliated with each other and operate under this trade name, including Shorooq Partners Ltd. (regulated by the ADGM Financial Services Regulatory Authority FSRA Registration No 190004) is a member.

Contact information

SHFT building program

Email: [email protected]

Website: shft.shorooq.com

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Image 1: Shorooq Partners and Global Game Technology Industry Leaders

Shorooq Partners co-develops SHFT Gametech programs with global and regional partners

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  • Shorooq partners and global gametech industry leaders