The University of Dubai has unveiled the AED 100 million “Dubai Tech X Fund,” a major investment initiative aimed at accelerating startups in deep technology and artificial intelligence.
The fund seeks to boost the UAE’s innovation landscape and strengthen its position as a global hub for advanced technology and entrepreneurship.
Rashid Ahmad bin Fahad, Chairman of the University of Dubai Board of Trustees, described the launch as a milestone in advancing a knowledge-based economy. He said the initiative reflects the University’s belief that combining education and investment is key to building a sustainable technological future aligned with Dubai’s long-term vision.
Dr. Eesa Bastaki, President of the University of Dubai, said the fund will help turn research into real-world applications and impactful startups. He noted that Dubai Tech X Fund will act as a collaborative platform for students, researchers, entrepreneurs, and investors to shape the next generation of innovation.
The fund, established in partnership with Significa Ventures, one of the region’s leading Corporate Venture Capital program builders, will connect academic research with practical innovation and venture investment.
Focusing on strategic sectors such as energy, healthcare, education, and smart cities, the Dubai Tech X Fund aims to invest in solutions powered by deep tech and AI, positioning Dubai and the UAE at the forefront of technological and economic transformation.
News Source: Emirates News Agency
