Latest news with #MBRIF
TECHx
6 days ago
- Business
- TECHx
MBRIF Selects 20 Startups for Innovation Accelerator Program
Home » Startups » MBRIF Selects 20 Startups for 10th Innovation Accelerator Program The Mohammed Bin Rashid Innovation Fund (MBRIF) has announced the selection of 20 startups for the 10th cohort of its Innovation Accelerator Program. Launched by the Ministry of Finance, the program aims to support the UAE's innovation and entrepreneurship ecosystem. Since its start in 2018, the MBRIF Innovation Accelerator has helped innovators scale their businesses across key sectors aligned with the UAE's National Innovation Strategy. Selected startups will receive mentorship, investment opportunities, expert training, and access to an extensive network of stakeholders. These resources are designed to accelerate growth and help startups achieve their expansion goals. Fatima Alnaqbi, Acting Assistant Undersecretary for Support Services Sector at the Ministry of Finance, said the program is a vital catalyst for transformation. She emphasized its role in equipping startups with the tools needed to thrive and contribute to a knowledge-based economy. The 10th cohort includes a variety of companies such as Timber Exchange, Soshianest, Tapy, WonderTree, Hlthera, and Ketrone. Others are Gestify, iWarranty, Pixonal, Jadwelny, Rudiq, Corpowid, eecrow, Revent, Openfarming, i-ESG, Plantaform, Enrichly, Infinite Minds, and Jusoor Labs. With nine successful cohorts completed, MBRIF continues to play a central role in advancing innovation and supporting the UAE's economic diversification. • MBRIF announced 20 startups in the 10th Innovation Accelerator cohort• The program offers mentorship, investment, and expert training • Selected startups span sectors like AI, healthcare, and digital platforms
Zawya
6 days ago
- Business
- Zawya
MBRIF welcomes 10th cohort of innovators into the Innovation Accelerator
Dubai, UAE – The Mohammed Bin Rashid Innovation Fund (MBRIF), an initiative launched by the Ministry of Finance to support the innovation and entrepreneurship ecosystem in the UAE, has announced the selection of 20 innovative startups to join the 10th cohort of its Innovation Accelerator Program. The MBRIF Innovation Accelerator, launched in 2018, was designed to stimulate innovation in the country. The program empowers innovators to unlock their full potential and scale their businesses within key sectors aligned with the UAE's National Innovation Strategy. Startups accepted into the program will benefit from extensive support, including access to a wide network of stakeholders, investment opportunities, and mentorship programs. Participants will also receive expert training and gain access to advanced resources. All support tools provided by the program are designed to help participants enhance their capabilities, accelerate their growth, and achieve their ambitions for expansion. A Vital Role in Shaping the Future Commenting on the announcement, Fatima Yousif Alnaqbi, Acting Assistant Undersecretary for Support Services Sector at the Ministry of Finance and the Ministry's representative at MBRIF, said: 'We welcome the 10th cohort to the MBRIF Innovation Accelerator and reaffirm the Ministry of Finance's commitment to equipping ambitious startups with the necessary tools and resources to thrive and actively contribute to the UAE's innovation-driven economy. The selection process for this cohort was based on a thorough and comprehensive evaluation to ensure the companies meet the highest standards of efficiency and align with our strategic priorities. The remarkable diversity and bold vision of the selected startups reflect the program's ability to attract top local and global companies, and its vital role in shaping a sustainable, knowledge-based future.' Alnaqbi added: 'The MBRIF Innovation Accelerator is not just a support platform, but a catalyst for transformation. By placing the right tools and expertise in the hands of innovators and surrounding them with a fully integrated support system, we empower them to reach their full potential and expand the scope of their positive impact.' List of Companies The 10th cohort includes a wide range of companies such as Timber Exchange, a digital supply chain platform for the timber industry; Soshianest, AI-powered logistics tools for maritime operations; Tapy, a smart health monitoring device for children of determination and the elderly; WonderTree, an augmented reality-based educational and therapeutic platform for children of determination; Hlthera, an AI-supported social healthcare ecosystem; and Ketrone, autonomous AI agents for legal teams. Also joining the program are Gestify, a platform that turns video content into gesture-based interactive experiences; iWarranty, an intelligent system for managing warranties and claims; Pixonal, data-driven insights solutions; Jadwelny, an integrated travel planning platform; and Rudiq, a platform for asset tokenization and lending tools. The list also includes Corpowid, a tool for improving website accessibility for people of determination; eecrow, a smart escrow and contract platform for secure payments; Revent, pre-owned IT devices powered by AI; Openfarming, an AI-first platform for food supply chain management; and i-ESG, AI and big data solutions for ESG compliance. Other participants include Plantaform, an automated, soil-free indoor garden; Enrichly, a platform focused on self-esteem and emotional well-being; Infinite Minds, a digital skills training platform for people of determination; and Jusoor Labs, which offers 3D simulations and virtual STEM labs. With nine successful cohorts completed, the MBRIF Innovation Accelerator continues to play a central role in advancing the UAE's innovation ecosystem and supporting the country's efforts to diversify its economy. For more information, 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: For press enquiries, please contact: Tameem Alkintar Weber Shandwick Email: TAlkintar@
Zawya
01-07-2025
- Business
- 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:
Zawya
11-06-2025
- Business
- Zawya
MBRIF concludes its Ninth Innovation Accelerator Cohort with Demo Day spotlighting top startups across key sectors
Dubai, UAE: The Mohammed Bin Rashid Innovation Fund (MBRIF), an initiative by the UAE Ministry of Finance to foster innovation and support innovators across the UAE, held its Demo Day to showcase the groundbreaking innovations presented by members of Cohort 9 from its Innovation Accelerator Program. The event featured innovative companies operating in the UAE and globally, aiming to expand their presence in the country. These companies represent key sectors such as health, transport, education, technology, clean energy, water, and space. The participating startups competed for three awards: Best Pitch, Best UAE Homegrown Business and Most Impactful Business. The event commenced with welcome remarks by Shaker Zainal, Head of Mohammed Bin Rashid Innovation Fund (MBRIF) and Chief Business Officer at Emirates Development Bank, and a keynote address by H.E. Ahmed Mohamed Al Naqbi, CEO of Emirates Development Bank, followed by creative and innovative presentations delivered by member companies. Commenting on the occasion, Fatima Yousif Alnaqbi, Acting Assistant Undersecretary for the Support Services Sector at the UAE Ministry of Finance, and the Ministry's representative at the Mohammed Bin Rashid Innovation Fund, said: "We are proud to celebrate the achievements of the ninth cohort members of the Innovation Accelerator Program, whose contributions and presentations clearly reflected our aspirations for the National Innovation Strategy. Their outstanding efforts highlight the incredible potential of innovative businesses to shape the future of the UAE's economy." She continued: "At the Mohammed Bin Rashid Innovation Fund, we are committed to providing comprehensive support to these companies through tailored mentorship, strategic networking opportunities, and world-class resources. This approach ensures that they are well-equipped to grow, excel, and compete on a global scale." Fatima Alnaqbi concluded by congratulating all participating members and award winners, adding: "We look forward to supporting these companies as they continue their journey toward new heights of success and innovation." A distinguished panel of judges was responsible for analyzing and evaluating the creative and innovative presentations that the startups delivered. It included Ali AlMajthoob, Managing Director at MEVP; Ivo Detelinov, General Partner at Salica Investments; and Karim Konsowa, Portfolio Manager at Hub71. The evaluations focused on showcasing the unique strengths and promising potential of the participating companies in both local and global markets. At the end of the Demo Day event, the distinguished judges presented the awards to the winners. The Best Pitch Award was won by Aura, while the Best UAE Homegrown Business Award went to Mantas. The Most Impactful Business Award was awarded to Neuroblast. The MBRIF Innovation Accelerator Program continues to position itself as a key enabler of entrepreneurship and innovation in the UAE, driving the growth of innovative startups across vital sectors in alignment with the UAE's National Innovation Strategy. The program provides its members with specialised mentorship, industry insights, and global networking opportunities to enhance their competitive capabilities and expand their businesses. The Demo Day serves as a pivotal platform for startups to showcase their innovations to a select group of investors, offering them valuable exposure, funding opportunities, and the tools to accelerate their growth sustainably. 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.
TECHx
11-06-2025
- Business
- TECHx
MBRIF Hosts Demo Day to Spotlight Cohort 9 Startups
Home » Startups » MBRIF Hosts Demo Day to Spotlight Cohort 9 Startups The Mohammed Bin Rashid Innovation Fund (MBRIF), an initiative by the UAE Ministry of Finance, announced the successful completion of its Demo Day event. The event showcased innovations from members of Cohort 9 of its Innovation Accelerator Program. MBRIF revealed that the Demo Day aimed to highlight groundbreaking projects from startups operating in the UAE and globally. These companies are looking to expand their presence in the country and represent key sectors including health, transport, education, technology, clean energy, water, and space. The startups competed for three key awards: Best Pitch Best UAE Homegrown Business Most Impactful Business The event began with welcome remarks from Shaker Zainal, Head of MBRIF and Chief Business Officer at Emirates Development Bank. A keynote address followed, delivered by H.E. Ahmed Mohamed Al Naqbi, CEO of Emirates Development Bank. Member companies delivered innovative presentations, showcasing their creativity and market potential. The Ministry of Finance's representative at MBRIF, Fatima Yousif Alnaqbi, Acting Assistant Undersecretary for the Support Services Sector, praised the achievements of Cohort 9. She reported that the presentations aligned with the goals of the UAE's National Innovation Strategy. Alnaqbi emphasized MBRIF's ongoing commitment to support startups through tailored mentorship, strategic networking, and world-class resources. She added that this support equips startups to grow and compete on a global scale. Alnaqbi congratulated all participants and noted MBRIF's readiness to continue backing their journey. A panel of industry experts evaluated the pitches. The judges included: Ali AlMajthoob, Managing Director at MEVP Ivo Detelinov, General Partner at Salica Investments Karim Konsowa, Portfolio Manager at Hub71 The judges focused on the strengths and potential of each company in both local and global markets. At the end of the event, MBRIF announced the award winners. Aura received the Best Pitch Award. Mantas was named Best UAE Homegrown Business. Neuroblast won the Most Impactful Business Award. MBRIF reported that its Innovation Accelerator Program continues to serve as a key driver of innovation and entrepreneurship in the UAE. The program supports startups in vital sectors and aligns with national strategies to foster innovation. The Demo Day provided a platform for startups to connect with investors, gain exposure, and access growth opportunities. MBRIF affirmed its role in offering mentorship, insights, and global networking to help startups scale sustainably.
