Middle X - Creative Valley Community
16th of February 2023 - Launch of a new key Partnership in healthtech between Paris and Dubai start-up ecosystems.
- Creative Cluster and Middle X are joining hands in the Middle East region
- Creative Magellim Invest is launching Digital Health, a venture fund specialized in healthtech
From Moscow to Dubai..
Yann Gozlan, President of Creative Cluster, a French and international network of incubators and accelerators, started to collaborate with Foued KEFIF in 2017. At that time, Foued Kefif was a Trade Attaché in charge of technologies at the French Embassy in Moscow. Creative Valley started operating acceleration programs between Moscow and Paris.
Five years later, the cooperation is reborn in Dubai, where Foued Kefif founded MIDDLE X, a gateway to investors, industrials, and founders in the Gulf countries:
· “We trust that our partnership with Middle X will be a strong accelerator for our deeptech start-up community. Based in Paris, in Saclay and in Nice, our start-up will benefit from an access to market and capital in one of the most dynamic regions of the world”, Yann Gozlan.
· “Any company with the ambition to grow internationally, should have a look at the MENA region. The region is experiencing a significant innovation growth, driven by government support, increasing investment, and a growing startup culture.”, Foued Kefif.
Digital health – a French venture fund specialized in healthtech
The partners signed a first agreement in the Healthtech sector, and other sectors will follow. Creative Magellim Invest is launching Digital Health, a venture fund specialized in healthtech. With a target size of €150 million, the fund's strategy is to provide long-term equity and quasi-equity financing for the development of projects related to connected objects in the most dynamic areas of the healthcare sector. Middle X will onboard local investors and healthtech ecosystems from Abu Dhabi, Riyadh, and Doha.
· “We are unique as we operate at the heart of Paris Saclay, one of the top worldwide centre of higher education, scientific research and high-tech industrial developments, representing 15% of the French R&D. We want to build a long-term partnership with local actors in the GCC”, Yann Gozlan.
· “The limited partnership will offer local investors an allocation of funds depending on the maturity of the companies, mostly French, Swiss and German, from early stage to serie A and B. The products are already developed by a proven R&D and identified customer base”.
About Creative Magellim Partners
Creative Magellim partners is an investment company built as a joint-venture between Creative Holding, Creative Community Investment branch and Groupe Magellim, a key player in France in Venture Capital and Real Estate Investment.
About Middle X
MIDDLE X is an advisory firm specialized in Advanced technologies in the Gulf countries, with head office in Dubai, United Arab Emirates.
About Foued Abdelslam Kefif CEO
French-Algerian entrepreneur based in the UAE since 2019, Foued
founded MIDDLE X in 2021. MIDDLE X's mission is to bring advanced
technologies to the transforming GCC economies. He built a solid
network of contacts thank to 10 years in commercial diplomacy. From
2010, he was French Trade attaché in Prague, Paris, Moscow and Dubai
until 2021. He specialized in promoting innovative technologies. From
2019, he was the director of industry department at the French
Embassy in Abu Dhabi and worked extensively in Energy, Aerospace,
Nuclear, Environment and real-estate sectors.
Yann Gozlan is the CEO of creative Magellim Partners
Creative Magellim Partners is investor in La Forge des batignolles project based in Nantes, La Forge des batignolles is the biggest robotic startup startup center in France Creative Magellim Invest and launching with Middle X Support Creative Magellim Invest Digital Health a venture fond specialized in healthtech.