Latest news with #MohammedBinRashidInnovationFund
Arabian Business
15-04-2025
- Business
- Arabian Business
UAE's Quiqup expands e-commerce logistics services into Saudi Arabia
Quiqup, a UAE-based e-commerce logistics provider, has announced the successful launch of its core fulfilment and delivery services in Saudi Arabia, marking a major milestone in its regional expansion. The move is backed by the strategic support of the Mohammed Bin Rashid Innovation Fund (MBRIF), which has played a pivotal role in helping Quiqup expand its operations and double its business in the past two years. The company's expansion comes after its notable impact on the UAE's e-commerce ecosystem, and aligns with its strategy to offer integrated logistics solutions to businesses across the GCC. Founded in the UAE in 2017, Quiqup provides comprehensive logistics services, focusing on small and medium-sized enterprises (SMEs). The company offers storage, sorting, packaging, and delivery services. Quiqup enters Saudi market Bassel El Koussa, CEO of Quiqup, said the expansion into Saudi Arabia is a natural next step, driven by the company's customers' evolving needs. 'With the increasing demand for seamless cross-border logistics solutions, we are proud to extend our services to neighboring markets,' he said. El Koussa said the company sees the GCC as a connected e-commerce ecosystem where operational efficiencies in one market enhance the overall regional performance. A key driver behind Quiqup's success has been the Mohammed Bin Rashid Innovation Fund (MBRIF), which supported the company through its Guarantee Scheme loan programme. This strategic backing enabled Quiqup to scale operations, double its business in two years, and grow its customer base by 77 per cent year-on-year between 2023 and 2024, the company said. Fatima Yousif Alnaqbi, Acting Assistant Undersecretary for the Support Services Sector at the Ministry of Finance, and the Ministry's representative at MBRIF, said supporting the success of high-potential innovators who contribute to economic growth is one of the core objectives of the Mohammed Bin Rashid Innovation Fund. 'Quiqup's journey exemplifies how strategic support, combined with innovation and market expertise, can drive a company's growth and create a meaningful economic impact,' she said.
TECHx
29-01-2025
- Business
- TECHx
MBRIF Selects 19 Start-Ups for Cohort 9 of Innovation Accelerator Program News Desk - 29/01/2025 ShareThe Mohammed Bin Rashid Innovation Fund (MBRIF), an initiative by the UAE Ministry of Finance, has unveiled the latest selection of innovators for Cohort 9 of its Innovation Accelerator program. Since its launch in 2018, the MBRIF Innovation Accelerator has been a key driver of innovation in the UAE, aligning with the country's National Innovation Strategy to foster economic progress and diversification.Cohort 9 features 19 start-ups from 9 countries, spanning a range of sectors and developmental stages, from prototype to growth and scale-up. These selected innovators will benefit from comprehensive support, including cutting-edge resources, expert coaching, mentorship, and access to valuable networks and investment opportunities to scale their businesses.Fatima Yousif Alnaqbi, Acting Assistant Undersecretary for the Support Services Sector at the UAE Ministry of Finance, expressed pride in the program's continued success, saying, 'We are immensely proud of the remarkable potential showcased by this year's applicants. The strong global interest in our program reaffirms our commitment to supporting visionary startups and helping the UAE achieve its ambitious innovation goals.'The selected start-ups in Cohort 9 are:BIRD Collaborative: Sustainable disposable solutionsThe Waste Lab: Sustainable food waste managementSeramic Materials: Recycled ceramics innovationMetguard: Corrosion prevention revolutionRebound: Materials circulatory systemsNXW: New nutrition category leadershipAC3D: 3D printing construction automationAura: Credit solutions for SMEsSmart Eye: Energy and water management solutionsMarses: End-to-end robotics solutionsDarbco: Robotic solar panel cleaningMantas: Cloud-downtime insurance platformSmart Bricks: AI-driven real estate marketplaceProcure Hub: Construction procurement innovationSURGiA: Medical supplies hubNeuroBLAST: Portable rehabilitation for neurodegenerative disordersSpace.TYAR: Generative AI for unified knowledge creationPeekapak: Well-being education platformKrucial: Data capture technologyThe MBRIF Innovation Accelerator has successfully supported previous cohorts, strengthening the UAE's position as a global hub for innovation. As the country continues to diversify its economy, MBRIF remains a cornerstone of its innovation ecosystem.
MBRIF Selects 19 Start-Ups for Cohort 9 of Innovation Accelerator Program News Desk - Share The Mohammed Bin Rashid Innovation Fund (MBRIF), an initiative by the UAE Ministry of Finance, has unveiled the latest selection of innovators for Cohort 9 of its Innovation Accelerator program. Since its launch in 2018, the MBRIF Innovation Accelerator has been a key driver of innovation in the UAE, aligning with the country's National Innovation Strategy to foster economic progress and diversification. Cohort 9 features 19 start-ups from 9 countries, spanning a range of sectors and developmental stages, from prototype to growth and scale-up. These selected innovators will benefit from comprehensive support, including cutting-edge resources, expert coaching, mentorship, and access to valuable networks and investment opportunities to scale their businesses. Fatima Yousif Alnaqbi, Acting Assistant Undersecretary for the Support Services Sector at the UAE Ministry of Finance, expressed pride in the program's continued success, saying, 'We are immensely proud of the remarkable potential showcased by this year's applicants. The strong global interest in our program reaffirms our commitment to supporting visionary startups and helping the UAE achieve its ambitious innovation goals.' The selected start-ups in Cohort 9 are: BIRD Collaborative : Sustainable disposable solutions : Sustainable disposable solutions The Waste Lab : Sustainable food waste management : Sustainable food waste management Seramic Materials : Recycled ceramics innovation : Recycled ceramics innovation Metguard : Corrosion prevention revolution : Corrosion prevention revolution Rebound : Materials circulatory systems : Materials circulatory systems NXW : New nutrition category leadership : New nutrition category leadership AC3D : 3D printing construction automation : 3D printing construction automation Aura : Credit solutions for SMEs : Credit solutions for SMEs Smart Eye : Energy and water management solutions : Energy and water management solutions Marses : End-to-end robotics solutions : End-to-end robotics solutions Darbco : Robotic solar panel cleaning : Robotic solar panel cleaning Mantas : Cloud-downtime insurance platform : Cloud-downtime insurance platform Smart Bricks : AI-driven real estate marketplace : AI-driven real estate marketplace Procure Hub : Construction procurement innovation : Construction procurement innovation SURGiA : Medical supplies hub : Medical supplies hub NeuroBLAST : Portable rehabilitation for neurodegenerative disorders : Portable rehabilitation for neurodegenerative disorders : Generative AI for unified knowledge creation : Generative AI for unified knowledge creation Peekapak : Well-being education platform : Well-being education platform Krucial: Data capture technology The MBRIF Innovation Accelerator has successfully supported previous cohorts, strengthening the UAE's position as a global hub for innovation. As the country continues to diversify its economy, MBRIF remains a cornerstone of its innovation ecosystem.
Emirates 24/7
29-01-2025
- Business
- Emirates 24/7
MBRIF Welcomes Its Ninth Cohort of Innovators for its Accelerator Program
A diverse cohort of 19 innovators join MBRIF's flagship Innovation Accelerator Program, advancing innovation across key sectors outlined in the UAE's National Innovation Strategy Mohammed Bin Rashid Innovation Fund (MBRIF), the UAE Ministry of Finance's initiative supporting innovation in the UAE, has announced the selection of innovators for Cohort 9 of its Innovation Accelerator program. The MBRIF Innovation Accelerator – established in 2018 – is a program designed to serve as a driving force for innovation in the UAE. Aligning with the key sectors outlined in the UAE's National Innovation Strategy, the Accelerator empowers innovators to maximize their potential and make a meaningful impact on their industries. Entities selected to join the MBRIF Innovation Accelerator will benefit from a comprehensive support program – including cutting-edge resources, expert coaching, mentorship, and access to investment opportunities and valuable networks – that will help them enhance their capabilities, enable scalability, and achieve their growth ambitions. Since its launch, the Accelerator has played a pivotal role in advancing a diverse array of innovative start-ups from a range of countries across the globe, empowering them to demonstrate their potential as disruptors and catalysts for economic progress. Fatima Yousif Alnaqbi, Acting Assistant Undersecretary for Support Services Sector at the UAE Ministry of Finance, and the Ministry's representative at the MBRIF, said of the latest selection: 'We were immensely proud that once again, our Innovator Accelerator attracted interest from such an exceptionally innovative pool of applicants, each showcasing remarkable potential to create impact within their industries and on the wider economy. The strong global interest in our program reaffirms its role as a catalyst for innovation, enabling visionary startups to thrive and scale. This underscores our dedication to fostering a culture of innovation and supporting the UAE's journey toward achieving the ambitious goals outlined in its National Innovation Strategy.' Eligibility for selection to join the MBRIF Innovation Accelerator is based on a number of stringent, carefully identified criteria, with innovators undergoing thorough assessment before final decisions are made. Cohort 9 comprises 19 start-ups representing 9 countries and a wide range of diverse sectors. Developmental stages of the companies range from prototype to growth and scale-up, highlighting the breadth of support available via the program. Start-ups joining Cohort 9 of the Innovator Accelerator are: BIRD Collaborative : Premium Sustainable Disposables : Premium Sustainable Disposables The Waste Lab: Comprehensive solution for sustainable food waste management Comprehensive solution for sustainable food waste management Seramic Materials: Pioneering in Recycled Ceramics Pioneering in Recycled Ceramics Metguard: A Revolution in Corrosion Prevention A Revolution in Corrosion Prevention Rebound: Enabling Materials Circulatory Enabling Materials Circulatory NXW: Leading a new Nutrition Category Leading a new Nutrition Category AC3D: Patented 3D Printing Construction Automation Technology Patented 3D Printing Construction Automation Technology Aura: Innovative Credit Solutions to SMEs Innovative Credit Solutions to SMEs Smart Eye: Innovative solutions for efficient energy and water management Innovative solutions for efficient energy and water management Marses: End to End Robotics Solutions End to End Robotics Solutions Darbco: Robotic Solar Panel Cleaning Solution Robotic Solar Panel Cleaning Solution Mantas: Tailored Cloud-Downtime Insurance Platform Tailored Cloud-Downtime Insurance Platform Smart Bricks: AI Driven Real Estate Marketplace AI Driven Real Estate Marketplace Procure Hub: Remodelling the Procurement of Construction Remodelling the Procurement of Construction SURGiA: The Medical Supplies Hub The Medical Supplies Hub NeuroBLAST: Portable rehabilitation solution that uses interactive video games to help treat neurodegenerative disorders Portable rehabilitation solution that uses interactive video games to help treat neurodegenerative disorders Leveraging generative AI for unified knowledge and learning creation Leveraging generative AI for unified knowledge and learning creation Peekapak: An Integrated Approach to Well-Being Education An Integrated Approach to Well-Being Education Krucial: Capturing Data at Anytime and from Anywhere With eight successful cohorts to date, the Innovation Accelerator remains a solid cornerstone of the UAE's innovation ecosystem, reflecting MBRIF's dedication to helping drive the growth of disruptive enterprises and contributing to the country's economic diversification and solidifying its position as a global hub for innovation. For more information about Mohammed Bin Rashid Innovation Fund, please visit Follow Emirates 24|7 on Google News.
Zawya
29-01-2025
- Business
- Zawya
MBRIF welcomes its ninth Cohort of Innovators for its Accelerator program
Dubai, UAE: Mohammed Bin Rashid Innovation Fund (MBRIF), the UAE Ministry of Finance's initiative supporting innovation in the UAE, has announced the selection of innovators for Cohort 9 of its Innovation Accelerator program. The MBRIF Innovation Accelerator – established in 2018 – is a program designed to serve as a driving force for innovation in the UAE. Aligning with the key sectors outlined in the UAE's National Innovation Strategy, the Accelerator empowers innovators to maximize their potential and make a meaningful impact on their industries. Entities selected to join the MBRIF Innovation Accelerator will benefit from a comprehensive support program – including cutting-edge resources, expert coaching, mentorship, and access to investment opportunities and valuable networks – that will help them enhance their capabilities, enable scalability, and achieve their growth ambitions. Since its launch, the Accelerator has played a pivotal role in advancing a diverse array of innovative start-ups from a range of countries across the globe, empowering them to demonstrate their potential as disruptors and catalysts for economic progress. Fatima Yousif Alnaqbi, Acting Assistant Undersecretary for Support Services Sector at the UAE Ministry of Finance, and the Ministry's representative at the MBRIF, said of the latest selection: 'We were immensely proud that once again, our Innovator Accelerator attracted interest from such an exceptionally innovative pool of applicants, each showcasing remarkable potential to create impact within their industries and on the wider economy. The strong global interest in our program reaffirms its role as a catalyst for innovation, enabling visionary startups to thrive and scale. This underscores our dedication to fostering a culture of innovation and supporting the UAE's journey toward achieving the ambitious goals outlined in its National Innovation Strategy.' Eligibility for selection to join the MBRIF Innovation Accelerator is based on a number of stringent, carefully identified criteria, with innovators undergoing thorough assessment before final decisions are made. Cohort 9 comprises 19 start-ups representing 9 countries and a wide range of diverse sectors. Developmental stages of the companies range from prototype to growth and scale-up, highlighting the breadth of support available via the program. Start-ups joining Cohort 9 of the Innovator Accelerator are: BIRD Collaborative: Premium Sustainable Disposables The Waste Lab: Comprehensive solution for sustainable food waste management Seramic Materials: Pioneering in Recycled Ceramics Metguard: A Revolution in Corrosion Prevention Rebound: Enabling Materials Circulatory NXW: Leading a new Nutrition Category AC3D: Patented 3D Printing Construction Automation Technology Aura: Innovative Credit Solutions to SMEs Smart Eye: Innovative solutions for efficient energy and water management Marses: End to End Robotics Solutions Darbco: Robotic Solar Panel Cleaning Solution Mantas: Tailored Cloud-Downtime Insurance Platform Smart Bricks: AI Driven Real Estate Marketplace Procure Hub: Remodelling the Procurement of Construction SURGiA: The Medical Supplies Hub NeuroBLAST: Portable rehabilitation solution that uses interactive video games to help treat neurodegenerative disorders Leveraging generative AI for unified knowledge and learning creation Peekapak: An Integrated Approach to Well-Being Education Krucial: Capturing Data at Anytime and from Anywhere With eight successful cohorts to date, the Innovation Accelerator remains a solid cornerstone of the UAE's innovation ecosystem, reflecting MBRIF's dedication to helping drive the growth of disruptive enterprises and contributing to the country's economic diversification and solidifying its position as a global hub for innovation. For more information about Mohammed Bin Rashid Innovation Fund, please visit About the MBRIF: The Mohammed bin Rashid Innovation Fund (MBRIF) is a federal initiative launched by the Ministry of Finance and is operated by Emirates Development Bank. Since its launch in 2016, the MBRIF has supported innovators through its first program, the Guarantee Scheme, which offers members access to affordable funding through a government-backed guarantee and without taking equity. The MBRIF's second program, the MBRIF Accelerator, was launched in December 2018. Aligned with the UAE National Innovation Strategy, the initiative aims to enhance growth potential of innovative businesses shaping the future of UAE's economy. The MBRIF Accelerator offers world-class services and coaching to member companies to accelerate their business, elevate capabilities, unlock value and achieve scale. Additionally, the MBRIF partners with the public and private sector to help facilitate growth, provide support, create opportunities and pave the way to success for its member companies in the UAE. For more information, please visit:
