The Mohammed Bin Rashid Innovation Fund (MBRIF), an initiative by the UAE Ministry of Finance, has revealed the selection of innovators for Cohort 9 of its Innovation Accelerator program. Established in 2018, the MBRIF Innovation Accelerator aims to promote innovation in the UAE, focusing on key sectors from the country’s National Innovation Strategy.
The program offers a comprehensive support system to the chosen entities, including access to resources, expert coaching, mentorship, investment opportunities, and valuable networks. This support aids the innovators in realizing their potential, enhancing their capabilities, enabling scalability, and achieving growth ambitions.
Cohort 9 of the Innovation Accelerator includes a diverse group of 19 start-ups from 9 different countries, representing a wide range of sectors. The participants range from companies in the prototype stage to those in the growth and scale-up phase, demonstrating the varied support available through the program.
Fatima Yousif Alnaqbi, Acting Assistant Undersecretary for Support Services Sector at the UAE Ministry of Finance, expressed pride in the latest selection. She highlighted the remarkable pool of applicants, each showing the potential to make a significant impact in their industries and the broader economy. Alnaqbi emphasized the program's commitment to fostering innovation culture and supporting the UAE's progress towards the goals set in the National Innovation Strategy.
The selection process for the MBRIF Innovation Accelerator is based on strict criteria, with innovators undergoing thorough assessments before final decisions are made. The program has been instrumental in advancing various innovative start-ups from around the world, empowering them to become disruptors and drivers of economic progress.
The chosen start-ups in Cohort 9 offer innovative solutions across different sectors. From sustainable disposables to robotics and AI-driven platforms, the cohort represents a diverse range of technologies and services aimed at fostering innovation in line with the UAE’s strategic objectives.
With a history of eight successful cohorts, the Innovation Accelerator continues to play a crucial role in the UAE's innovation ecosystem. By supporting disruptive enterprises, the program contributes to the country's economic diversification and strengthens its position as a global innovation hub.
