DUBAI, 16th May, 2020 (WAM) — The Mohammed bin Rashid Innovation Fund, the initiative launched by the Ministry of Finance to support innovation in the United Arab Emirates, has announced the opening of registration to join the next batch of the Innovation Accelerator Programme, where interested innovators and entrepreneurs can submit their applications. To join the program starting from the 15th of May, while the application is scheduled to close on the 13th of July.
The Innovation Accelerator Program is characterized by its focus on innovation and cooperation in line with the National Strategy for Innovation, and provides world-class services to member companies. It also provides training for entrepreneurs to accelerate the growth of their companies, raise their capabilities and efficiency, achieve quality standards, and highlight added value.
The Mohammed bin Rashid Innovation Fund will provide guidance and guidance to innovators and aspiring entrepreneurs in priority sectors in the UAE, including technology, health, education, transportation, renewable energy, water and space.
Fatima Al Naqbi, Chief Innovation Officer and representative of the Ministry of Finance in the Mohammed bin Rashid Innovation Fund, emphasized the endeavor to support innovative companies by facilitating their access to the resources they need, providing guidance and direction to innovators and entrepreneurs, and facilitating their companies’ access to the financing they need at every stage of the process. Its growth at a reasonable cost, from its inception until the stage of expansion and growth, with the aim of enabling these companies to achieve sustainable growth and leave a tangible positive impact on the economy and society.
Al-Naqbi added that the Innovation Accelerator Program has contributed to supporting some of the most innovative companies in the world and helping them accelerate their growth paths, noting that with the opening of the door to a new batch of innovators, the fund is looking forward to welcoming the new generation of entrepreneurs to join its growing network.
She noted that the Innovation Accelerator Program has succeeded, since its launch in 2018, in providing support to more than 112 innovative companies from 21 countries around the world that are active in various economic sectors, while focusing at the same time on nurturing and developing local entrepreneurs to enhance their broad innovation system. state in all fields.
The program provides member companies with a unique opportunity to communicate with a number of the most prominent players in their sectors, potential investors, market experts and successful entrepreneurs in the region, allowing them to gain valuable experiences and insights, expand their network of relationships, and build new partnerships.
The Innovation Accelerator Program has contributed to the success of many notable innovative companies such as Verofax, a platform for managing and tracking assets and life cycle sustainability, and klaim, the only platform specialized in securing claims for healthcare service providers, and Rizk, the on-demand services platform, and Sarwa, the independent online financial advisory services platform.
The Innovation Accelerator Program of the Mohammed Bin Rashid Fund for Innovation has played an important and vital role over the past years in developing the march of member companies and their ability to access the UAE market, by providing support to these companies across the entire value chain, and providing them with useful information and insights on various economic sectors, including: It enables it to adapt its offers in line with the requirements of the local and regional business sector and contribute to meeting its growing needs.
