Masdar City and the Mohammed Bin Rashid Innovation Fund (MBRIF) entered into an strategic partnership to cultivate entrepreneurship and economic development that will extend the support to innovative SME’s, and develop the entrepreneurship ecosystem both at home and abroad.
The partnership will also see the MBRIF Guarantee Scheme and Innovation Accelerator, support Masdar City’s SME development efforts.
Abdulla Balalaa, Executive Director, Masdar City, said, “Our partnership with the Mohammed Bin Rashid Innovation Fund is another step – and a hugely valuable one – on that growth path. It is our aim to not only cultivate entrepreneurship and economic development in the UAE and further afield but drive it and further it through the immense talent emerging from the region. These are exciting times ahead and we look forward to the opportunities that Masdar City and the Mohammed Bin Rashid Innovation Fund can work upon together.”
Shaker Zainal, Head of Mohammed bin Rashid Innovation Fund, said, “With this new collaboration, we jointly seek to help local, regional and global businesses by giving them greater access to resources, funding, and mentorship in order to succeed in the UAE, through our unique platform.”
