The Mohammed Bin Rashid Innovation Fund, the initiative launched by the Ministry of Finance to support innovation in the UAE, has announced the opening of applications to join the Spring 2021 batch in its “Innovation Accelerator” program.
The Fund stated, in a statement yesterday, that March 22, 2021, has been set as the deadline for submitting applications for the Spring Session.
The fund will support innovative entrepreneurs by facilitating their access to the market faster and enabling them to expand their businesses, indicating that the support includes five basic services, including examining and testing business models, determining the strategic business direction, facilitating access to markets and dealers, and providing access to Financing.
He stressed that this is in line with the Fund’s goals of stimulating a culture of innovation, through expert guidance and strategies aimed at strengthening the position of the UAE, a major destination for innovation regionally and globally.
Fatima Al Naqbi, the representative of the Ministry of Finance in the Mohammed bin Rashid Innovation Fund, said: “We are pleased to open the door for registration for the 2021 Spring Cohort in the Mohammed bin Rashid Innovation Fund Program, and to welcome a new group of emerging entrepreneurs.”
Al-Naqbi affirmed the commitment to provide the necessary support to develop the entrepreneurs’ businesses and innovative projects, and to enable them to access markets effectively and quickly.
She added, “We seek through the program to be a major destination that attracts entrepreneurs, to empower them in the fields of innovation, entrepreneurship and digital solutions.”
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