The Mohammed Bin Rashid Innovation Fund (MBRIF) has revealed that 20 new innovators have been accepted into its Accelerator Program.
The MBRIFs Innovation Accelerator (IA) program provides high potential innovators from across the globe with fundamental non-financial support, to complete the ecosystem needs through the program’s unique member centric design, customized services, unparalleled access to coaches and industry experts to make a tangible positive impact towards the UAE’s economy.
Commenting on the announcement, Fatima Al Naqbi, Chief Innovation Officer at Ministry of Finance and MBRIF representative, said: “By welcoming a new cohort into our IA program, we are building on the UAE’s vision to create a knowledge-based economy and developing the next generation of innovators and entrepreneurs.
“The UAE is filled with an abundance of talent to shape a better future for our nation and as MBRIF we are pleased to be guiding innovators in key sectors of importance, with a pathway for growth and success.”
The new cohort was selected from over 160 applications. 20 companies have been chosen including 15 businesses from the UAE, and the remainder from the US, Egypt, Brazil, India and Luxembourg. This cohort also has the highest number of UAE innovators joining the program since its inception.
The cohort comprises innovators who have made significant developments across multiple sectors identified by the UAE’s National Innovation Strategy including; Education, Health, Renewable and Clean Energy, Technology, Space, Transportation and Water.
