Yesterday, the Mohammed bin Rashid Fund for Innovation announced the selection of 20 emerging companies operating in various vital sectors from 200 companies operating in 35 countries, to join the eighth batch of the Fund’s Innovation Accelerator Programme. The Mohammed bin Rashid Innovation Fund’s Innovation Accelerator Programme, which was launched in 2018, was designed to stimulate innovation in the UAE.
The innovators who were selected will receive great support that includes an integrated set of resources, advanced training and guidance programmes, benefit from investments, build a wide network of relationships, enhance capabilities and open new horizons for expansion. The program played a vital role in the growth and development of a diverse group of innovative companies from around the world.
The Acting Assistant Undersecretary for the Support Services Sector, Chief Innovation Officer and representative of the Ministry of Finance in the Mohammed bin Rashid Innovation Fund, Fatima Yousef Al Naqbi, said that selecting those qualified to join the program allows them to contribute effectively to shaping the future and attract the best competencies and talents from around the world, noting that The goal is to contribute to achieving the goals of the National Strategy for Advanced Innovation in the UAE.
It is noteworthy that the Innovation Accelerator Program plays a vital role in the innovation system in the UAE, embodying the firm commitment of the Mohammed bin Rashid Innovation Fund to support the growth of innovative institutions with the aim of contributing to economic diversification and advancing sustainable development in the country.
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