Future100 Initiative Expands Partnerships to Boost UAE Startup Ecosystem
The Future100 initiative has signed six new partnership agreements with leading economic, academic, and investment institutions to accelerate startup growth in the UAE's sustainable economy sectors.
The Memoranda of Understanding (MoUs) aim to enhance the UAE's entrepreneurial ecosystem by providing technical support, financing solutions, and innovative scaling opportunities for startups.
The new partners include Mohamed bin Zayed University of Artificial Intelligence, Oraseya Capital, DIFC Innovation Hub, Ernst & Young UAE, Middle East Venture Partners (MEVP), and in5 Incubator. The agreements were signed in the presence of Alia bint Abdulla Al Mazrouei, Minister of State for Entrepreneurship, with Abdullah Ahmed Al Saleh, Undersecretary of the Ministry of Economy, representing the initiative.
Alia Al Mazrouei highlighted the UAE's dedication to fostering entrepreneurship, stating that the Future100 initiative plays a crucial role in supporting startups contributing to the future economy. The initiative annually recognises the top 100 startups driving innovation and economic diversification in the UAE.
The partners reiterated their commitment to supporting the initiative's goals. DIFC Innovation Hub CEO Mohammed Alblooshi emphasised providing resources and expertise to empower innovators, while TECOM Group's Majed Al Suwaidi, representing in5, aligned the partnership with the UAE's 'We the UAE 2031' vision. Ernst & Young UAE's Anthony O'Sullivan and MEVP's Walid Mansour expressed their dedication to identifying and scaling innovative businesses.
Additionally, two agreements were signed between Future100 startups and global research institutions. P4ML partnered with the University of California's ISSCOR Center for space-based stem cell research, while Circa Biotech teamed up with Energy Absolute to establish a biofuel feedstock production facility in the UAE.
Launched on World Future Day, the Future100 initiative reinforces the UAE's position as a global hub for innovation and future industries.
News Source: Emirates News Agency
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