Shams launches new venture builder with Grow Valley

10X Technology

Mita Srinivasan
10X Technology
Published:

Shams launches new venture builder with Grow Valley

The new entity, Shams Valley, will launch startups in the media and technology sectors, create new opportunities for the growing economy of the Emirate of Sharjah, and play an active role in enhancing its diversity and competitiveness. It builds on Shams’ role in supporting entrepreneurship and driving innovation and development in the media sector.

Sharjah Media City (Shams) has launched a new venture builder in collaboration with UAE-based venture building studio, Grow Valley. The new entity, Shams Valley, will launch startups in the media and technology sectors, create new opportunities for the growing economy of the Emirate of Sharjah, and play an active role in enhancing its diversity and competitiveness. The initiative builds on Shams’ role in supporting entrepreneurship and driving innovation and development in the media sector.

The partnership allows Shams to tap into Grow Valley’s extensive expertise in the field, which covers everything from experimenting with startup ideas to developing them into viable businesses that cater to market requirement, in addition to ensuring their longevity and growth in the future.

Shams Valley aims to build an integrated system to launch a new generation of media companies and help shape the future of media in Sharjah and the region. The company will serve as an integrated platform that brings together media talents, entrepreneurs, and experts to establish ambitious media projects supported by advanced technology. Shams Valley will evaluate ideas for startups in the media and technology sectors, making all necessary arrangements to launch these companies, in line with market trends and with the vision of Shams and the Emirate of Sharjah for the media industry, ultimately establishing a promising media sector with progressive ideas that keep pace with the rapid developments.

Shams’ Chairman, H.E. Dr. Khalid Omar Al Midfa said, “Since its inception, Shams has been working to help fulfil the visions and directives of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, to strengthen the emirate’s position as a global centre for culture, civilisation, and innovation. Shams Valley will be another step in our journey to establish a media industry that is rooted in advanced technology and innovation in Sharjah, the UAE, and the region.”