Dubai: The UAE Ministry of Finance-backed special fund to support exceptional entrepreneurs with unique technical ideas and solutions, the Mohammed Bin Rashid Innovation Fund (MBRIF) has established robust ties with entrepreneurs and investors during UAE Innovates 2022 at Expo 2020 Dubai.
Senior Executives of MBRIF met with potential entrepreneurs and innovators to explore closer investment opportunities across technology, transportation, education, health, water, renewable energy, and space.
The meetup offered an opportunity for innovation-minded talent to explore closer collaboration with MBRIF.
During their interaction with entrepreneurs and investors, the MBRIF team briefed the gathering on Guarantee Scheme and Innovation Accelerator program. The Team also spotlighted important milestones and success stories.
After hosting a number of activities for UAE Innovates 2022, the greatest show on Earth did not disappoint, providing a platform for us to deepen ties with investors, innovators, entrepreneurs, and emerging talents. We are pleased to support innovators through our Guarantee Scheme and Innovation Accelerator, offering access to funding as well as world-class services and coaching to member companies to accelerate their business, elevate capabilities, unlock value and achieve scale at speed.
Ms. Fatima Al Naqbi, Chief Innovation Officer at Ministry of Finance and MBRIF representative observed about MBRIF’s presence at UAE Innovates 2022.
UAE INNOVATES 2022
One of the world’s largest innovation festivals, UAE Innovates 2022 was organized from the 11th to the 16th of February 2022. The Initiative hosted numerous events and activities that saw a consolidated effort by the government, private sector and individuals to enhance a widespread culture of innovation in the UAE.
INNOVATION ACCELERATOR
MBRIF’s Innovation Accelerator strives to enhance growth potential of innovative businesses shaping the future of the UAE’s economy. Some of its recent success stories include LetsWork, a co-working space startup that makes it easier for people to find spaces in the UAE.
GUARANTEE SCHEME
Guarantee Scheme by MBRIF enables access to affordable debt finance with unique benefits, including no dilution of equity, extended runway, minimal collateral requirements, affordable finance costs and flexible repayment terms.