Dh2 billion Earmarked by Mohammed for UAE Innovation
His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Tuesday launched a Dh2 billion fund to finance and support innovation initiatives in the UAE.
Called the “Shaikh Mohammed bin Rashid Al Maktoum Fund to Finance Innovation”, this latest initiative by the UAE Ministry of Finance coincides with UAE Innovation Week being celebrated across the nation.
The fund “is designed to provide financing solutions for innovators across various sectors within the UAE, and support them in transforming ideas and suggestions into innovation projects that will contribute to the country’s national innovation strategy and to achieving UAE Vision 2021,” an announcement by the Ministry of Finance at a conference said on Tuesday. Details