TACT HUB Announces Strategic Partnership with Falak Investment Hub

Tallinn, Estonia & Riyadh, Saudi Arabia – TACT HUB OÜ, the think-and-do tank under TACT INVEST OÜ, is excited to announce a strategic partnership with Falak Investment Hub. This partnership signifies a landmark step in our mission to foster innovation and scale sustainable technologies that align with Saudi Arabia’s Vision 2030 and contribute to global environmental goals.

TACT HUB’s Commitment to Sustainability and Innovation

TACT HUB is dedicated to driving impactful change through investments in cutting-edge clean and climate technologies. Our mission also encompasses uniting Environmental, Social, and Governance (ESG) principles with Sharia finance compliance, ensuring our investments adhere to both ethical and religious standards. Our focus aligns with the strategic priorities of Saudi Arabia’s national plan, emphasizing sectors critical to achieving substantial environmental benefits, including:

  • Water Technologies: Addressing water scarcity and improving water resource management.
  • Land Regeneration and Sustainable Agriculture: Enhancing agricultural productivity and resilience.
  • Renewable Energy and Clean Energy Solutions: Promoting sustainable energy alternatives.
  • Smart Infrastructure and Green Building Technologies: Developing eco-friendly urban infrastructure.
  • Industrial Recycling and Circular Economy Innovations: Minimizing waste and maximizing resource efficiency.

Strategic Partnership with Falak Investment Hub

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. Falak Investment Hub, 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.

Key Elements of the Partnership:

  • Market Access and Scalability: TACT HUB startups will gain access to Falak’s robust network and resources, enabling them to scale effectively within the MENA and beyond.
  • Joint Investment and Pitch Events: Both organizations will co-host curated investment pitch events, providing startups with unique opportunities to engage with a broad spectrum of investors.
  • Program Inclusion: 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.
  • Metric Commitments: This collaboration aims to support startups that align with Saudi Arabia’s Vision 2030, contributing to the nation’s goals of environmental sustainability and economic diversification. Our joint efforts are expected to significantly reduce CO2 emissions, targeting a collective reduction of 1 million tonnes.

Market Potential and Goals

The global climate tech market is poised for substantial growth, with an anticipated $1.4 trillion in investments by 2028 and a compounded annual growth rate (CAGR) of 8.8% from 2023 to 2028. The MENA region, particularly Saudi Arabia, presents a unique opportunity for scaling innovative technologies due to its strategic initiatives and investments in environmental sustainability. Falak’s Flagship: ClimateTech Program is structured to accelerate this process by fostering a new generation of climate entrepreneurs and building a robust regional climate innovation community.

Quotes from Key Leaders

Poonam Balan, Managing Director of TACT HUB, stated, “This partnership with Falak Investment Hub is a significant step towards 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 AlDakheel, Founder and CEO of Falak Investment Hub, commented, “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.”

We invite further partners who are keen to join this strategic initiative.  By collaborating with TACT HUB and Falak Investment Hub, partners can contribute to and benefit from curated pools of startups and like-minded investors. This partnership is an unparalleled opportunity to be at the forefront of sustainable innovation and to play a crucial role in the global energy transition.

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