The Future100 initiative has signed six new partnership agreements with leading economic, academic, and investment institutions, further strengthening the UAE’s entrepreneurial ecosystem. These Memoranda of Understanding (MoUs) aim to provide technical support, financing solutions, and scalable growth opportunities for startups contributing to the UAE’s sustainable economy sectors.
New Partners Driving Innovation
The latest partners include:
- Mohamed bin Zayed University of Artificial Intelligence
- Oraseya Capital
- DIFC Innovation Hub
- Ernst & Young UAE
- Middle East Venture Partners (MEVP)
- in5 Incubator
The agreements were signed in the presence of Alia bint Abdulla Al Mazrouei, Minister of State for Entrepreneurship, with Abdullah Ahmed Al Saleh, Undersecretary of the Ministry of Economy, representing the initiative.
Commitment to Startup Growth and Economic Diversification
Alia Al Mazrouei reaffirmed the UAE’s commitment to fostering entrepreneurship, emphasizing that Future100 plays a crucial role in identifying and supporting the top 100 startups that drive innovation and economic diversification.
Key partners also highlighted their contributions:
- Mohammed Alblooshi, CEO of DIFC Innovation Hub, emphasized providing resources and expertise to support innovators.
- Majed Al Suwaidi, representing in5 (TECOM Group), aligned the partnership with the UAE’s ‘We the UAE 2031’ vision.
- Anthony O’Sullivan (Ernst & Young UAE) and Walid Mansour (MEVP) expressed their dedication to scaling promising businesses and fostering sustainable growth.
Global Research Collaborations for Future Industries
In addition to these partnerships, two agreements were signed between Future100 startups and leading global research institutions:
- P4ML partnered with the University of California’s ISSCOR Center to advance space-based stem cell research.
- Circa Biotech joined forces with Energy Absolute to establish a biofuel feedstock production facility in the UAE.
Strengthening the UAE’s Position as a Global Innovation Hub
Launched on World Future Day, the Future100 initiative continues to reinforce the UAE’s role as a leading hub for innovation and future industries. By fostering strategic collaborations, the initiative ensures startups have the resources, expertise, and investment needed to thrive, driving the nation’s sustainable economic transformation.
News Source: Emirates News Agency
