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Mohammed bin Rashid Innovation Fund (MBRIF), an initiative launched by the UAE Ministry of Finance to support nationwide innovation, has partnered with Dubai Silicon Oasis (DSO), the free zone technology park and member of Dubai Integrated Economic Zones Authority (DIEZ), to support emerging technology start-ups in the UAE through Dubai Technology Entrepreneur Campus (Dtec)

Mohammed Bin Rashid Innovation Fund (MBRIF), an initiative launched by the UAE Ministry of Finance to support innovation in the UAE, has chosen 18 members to participate in the latest cohort of its Accelerator Program.

The Mohammed Bin Rashid Innovation Fund [MBRIF], an initiative launched by the UAE Ministry of Finance to support nationwide innovation, announced today that it has provided funding support to Bayzat, the UAE's leading employee benefits platform, as part of its Guarantee Scheme. Bayzat will use the funds secured by MBRIF's guarantee to expand its workforce, with a focus on further strengthening its technical development team.

Inspired by the vision of the UAE’s leadership, the MBRIF is working to realize the National Innovation Strategy by attracting high potential innovators from around the world to transform the country’s innovation landscape. Through the Accelerator Program, MBRIF provides innovators with access to world-class services and mentorship from a global network of experts.

Participants will discuss how education is adapting to meet the challenges of preparing students and adults for employability in 4IR, changing social and work patterns, the growth of the gig economy, remote working and the move away from urban centers. The panel will also evaluate some of the recent advances in technology.

The three companies are members of the Mohammed bin Rashid Innovation Fund (MBRIF), an initiative launched by the Ministry of Finance to promote and foster innovation in the UAE.

Sav, an innovator in the personal savings space, announced the successful closure of its pre-seed funding round, raising $750,000 in the capital.

ProvenMed, a UAE MedTech innovation startup supported by the Mohammed Bin Rashid Innovation Fund, has signed an agreement with South Korean advanced manufacturing platform HubForward to produce its flagship medical kits.

The Direct Debit Marketplace platform, which is available to organizations that take recurring fees in any industry, is bank agnostic, which means it does not affect the merchants' relationship with their banking services provider. The platform provides users with peace of mind because direct debits enabled by the platform are integrated with and regulated by the UAE Central Bank. Payers benefit from cancellation control as part of their contractual terms.