logo
MBRIF Welcomes Its Ninth Cohort of Innovators for its Accelerator Program

MBRIF Welcomes Its Ninth Cohort of Innovators for its Accelerator Program

Emirates 24/729-01-2025
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 Space.TYAR: 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 https://mbrif.ae
Follow Emirates 24|7 on Google News.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

LF Labs is turning crypto into real-world payments
LF Labs is turning crypto into real-world payments

Khaleej Times

time7 days ago

  • Khaleej Times

LF Labs is turning crypto into real-world payments

LF Labs is building a unified Web3 ecosystem with tools like the LF Wallet and blockchain-powered PoS machines, while accelerating early-stage crypto startups through funding and liquidity support. As the crypto industry matures, projects that focus solely on hype or niche utility are giving way to those offering real-world, end-to-end value. One such emerging force is LF Labs, a multi-pronged Web3 infrastructure builder that is rapidly gaining traction. Rather than confining itself to a single function or product, LF Labs is constructing a full-stack crypto ecosystem aimed at solving the fragmentation in blockchain adoption. Its offerings span across the entire value chain — from early-stage project acceleration to merchant-ready crypto payment tools, bringing Web3 closer to everyday users and businesses. At the heart of LF Labs is the LF Accelerator, a launchpad initiative that goes beyond passive VC-style investment. The accelerator programme provides early-stage crypto startups with not just funding, but access to robust market-making services that ensure liquidity and sustained trading volume — two essential factors for any token project's survival. This approach makes LF Labs more than just an investor. It becomes a strategic partner committed to long-term success, offering both capital and operational infrastructure. With an emphasis on building sustainable token economies, LF Labs aims to set a higher bar for what early-stage support should look like in Web3. As adoption expands, user-friendly crypto tools are becoming increasingly critical. Enter the LF Wallet — a soon-to-launch, non-custodial wallet designed for mainstream usage. This non-custodial wallet is designed to be the user's all-in-one crypto control centre. It will offer features like staking, swapping, and most notably, integration with Point-of-Sale (PoS) machines. The wallet will also support LF Coin-based post payment options, enabling users to make real-world purchases and settle payments later using LF Coin. This flexible model is a bold step toward bridging crypto with traditional consumer behavior- buy now, pay later, but decentralised. LF Labs' blockchain-powered Point-of-Sale system brings crypto payments to merchants of all kinds — whether food trucks, retail stores, or Web3 events by enabling on-the-spot transactions just like credit or debit cards. Early access for the devices is now open via with limited units available.

Mohammed Bin Rashid Innovation Fund launches a new chapter to strengthen government innovation
Mohammed Bin Rashid Innovation Fund launches a new chapter to strengthen government innovation

Zawya

time01-07-2025

  • Zawya

Mohammed Bin Rashid Innovation Fund launches a new chapter to strengthen government innovation

The launch of the new space reflects the UAE's ongoing commitment to advancing innovation Dubai, UAE – The Mohammed Bin Rashid Innovation Fund (MBRIF), an initiative launched by the UAE Ministry of Finance to support the national innovation ecosystem, has officially inaugurated its headquarters in the Dubai World Trade Centre area —marking the beginning of a new phase focused on accelerating government innovation, knowledge-sharing, and collaboration among entrepreneurs, innovators, and strategic partners. Held under the theme 'Innovation for a Better Life', the launch event was attended by His Excellency Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, alongside senior government officials, members of the Fund's Management Committee, and various partners. Guests experienced live showcases demonstrating the real-world impact of MBRIF's support on its members, and explored future-forward innovation pathways aligned with the UAE's advanced National Innovation Strategy. Achievements Since its inception, the Mohammed Bin Rashid Innovation Fund has received applications from innovators in 89 countries, drawn to the UAE's inspiring and opportunity-rich environment. The Fund has supported over 170 innovative startups, providing access to funding, mentorship, and business development. To date, it has issued government-backed guarantees exceeding AED 43 million to help members scale their ventures. As a result, MBRIF members have secured more than AED 2.8 billion in financing and played a role in the creation of over 800 jobs in the UAE, supporting national development and talent investment. Integrated Platform H.E. Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs, said: 'The launch of MBRIF's new headquarters is a qualitative leap in strengthening the institutional infrastructure that supports the UAE's innovation ecosystem. It reflects our commitment to translating strategic plans into tangible initiatives that accelerate sustainable economic development. The new space is designed to be an integrated platform that brings together innovators, investors, and experts in an environment conducive to pioneering future-ready solutions.' He added: 'Innovation is no longer an optional development tool—it is a strategic imperative for boosting the competitiveness of our national economy. Through this Fund, we are working to empower entrepreneurs and innovators by equipping them with the tools and resources to transform their ideas into scalable business models, reinforcing the UAE's position as a global innovation hub.' Located at One Central – Dubai World Trade Centre, the new headquarters offers flexible co-working spaces for participants in the Fund's flagship programmes—the Innovation Accelerator and the Guarantee Scheme. The facility fosters direct engagement between innovators, experts, and investors. It also includes event and workshop spaces and is equipped with immersive digital features such as holographic technology and interactive displays, offering visitors a comprehensive experience of the Fund's mission and impact across various economic sectors. Championing Innovation Delivering remarks at the event, H.E. Younis Haji AlKhoori, Undersecretary of the Ministry of Finance, affirmed the UAE's commitment to cementing its role as a global hub for innovation. He stated: 'Our wise leadership has set clear objectives to create an enabling environment for innovation—through the right regulatory frameworks, comprehensive support services, robust infrastructure, and investment access. The Mohammed Bin Rashid Innovation Fund plays a vital role in realising this vision by fostering a strong ecosystem for high-growth startups and contributing to job creation in the UAE. The new headquarters launch marks a fresh step in advancing this mission—offering a dynamic space for innovators to collaborate, learn, and fuel the knowledge economy.' Delivering Impactful Solutions Also speaking at the event, H.E. Ahmed Mohamed Al Naqbi, CEO of Emirates Development Bank, said: 'The launch of the new headquarters marks a pivotal milestone for the Fund. Our mission is to empower promising entrepreneurs and provide them with the support and expertise to transform their ideas into real-world solutions. The space has been designed as an interactive platform that brings together entrepreneurs, innovators, and investors—driving impactful partnerships and sustainable economic progress.' As part of the launch celebrations, guests were introduced to a special interactive artwork by renowned Emirati artist Abdulla Lutfi, titled 'Innovation for a Better Life.' The piece, which incorporates augmented reality (AR) technology, is now on permanent display at the MBRIF headquarters. Future-Driven Vision This event marks the beginning of a new chapter that reaffirms innovation as a strategic pillar and a key driver in shaping government policies and services. The new space serves as a comprehensive platform that connects promising talents, bold ideas, and investment opportunities—strengthening the UAE's ability to anticipate the future and build a resilient, knowledge-based, and diversified economy. The launch of the Fund's new headquarters aligns with a broader vision to deepen partnerships with the private sector and expand the scope of innovation across vital industries. It empowers entrepreneurs and startups through an integrated ecosystem that offers smart infrastructure, sustainable financing, and robust institutional networks. 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:

Ministry of Finance Completes AED1.1 Billion Sukuk Auction with Strong Investor Demand
Ministry of Finance Completes AED1.1 Billion Sukuk Auction with Strong Investor Demand

Hi Dubai

time30-06-2025

  • Hi Dubai

Ministry of Finance Completes AED1.1 Billion Sukuk Auction with Strong Investor Demand

The UAE Ministry of Finance has successfully completed the June 2025 auction of Islamic Treasury Sukuk (T-Sukuk), raising AED1.1 billion amid overwhelming investor interest. Conducted in collaboration with the Central Bank of the UAE, the auction is part of the 2025 T-Sukuk issuance programme and featured two tranches maturing in May 2027 and August 2028. The auction drew total bids of AED6.21 billion, oversubscribing by 5.6 times and highlighting investor confidence in the UAE's financial stability and Islamic finance framework. The competitive bidding produced market-driven yields of 3.88% for the 2027 tranche and 3.83% for the 2028 tranche—just two basis points above comparable US Treasuries—demonstrating strong pricing efficiency. This issuance contributes to building a robust dirham-denominated yield curve, supports the growth of the local debt capital market, and aligns with the UAE's broader goals of economic diversification and long-term financial sustainability. News Source: Emirates News Agency

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store