The Mohammed Bin Rashid Innovation Fund (MBRIF), an initiative by the UAE Ministry of Finance, has announced an AED 7.2 million credit guarantee for Fragrance Delivery Technologies to support its expansion and automation efforts. The funding aims to strengthen the UAE’s innovation ecosystem and support advanced manufacturing growth within Jebel Ali Free Zone, also known as JAFZA.

The guarantee will enable Fragrance Delivery Technologies to upgrade its facilities with state-of-the-art automation systems. As a result, the company will align its operations with Industry 4.0 standards and improve production efficiency. This move is expected to enhance scalability and meet rising global demand for sustainable air care solutions.

Fatima Yousif Alnaqbi, Acting Assistant Undersecretary for the Support Services Sector at the UAE Ministry of Finance and Chief Innovation Officer, highlighted the strategic importance of MBRIF. She noted that the fund supports the UAE’s National Innovation Strategy and contributes to building a knowledge-based economy. She added that enabling innovators to adopt Industry 4.0 technologies helps strengthen national industrial capabilities and supports export-oriented enterprises.

Fragrance Delivery Technologies CEO Hydros Jassem said the support marks a key milestone for the company. He explained that the funding will help transition to an automated manufacturing model while enhancing global competitiveness. He also emphasized the company’s focus on hydrogen fuel cell technology and its role in offering sustainable alternatives to traditional aerosol products.

Founded in 2008, Fragrance Delivery Technologies specializes in non-aerosol fragrance and odor control systems powered by patented hydrogen fuel cell technology. With 95% of its workforce based in the United Arab Emirates and over 90% of its products exported, the company represents a strong example of “Made in UAE” innovation. The upgrade supported by MBRIF will further improve production capacity and operational efficiency.

The MBRIF Guarantee Scheme continues to play a key role in enabling access to affordable debt financing for innovative companies without requiring equity transfer. Alongside its Innovation Accelerator Program, MBRIF supports startups and growth-stage firms in scaling disruptive technologies and contributing to economic diversification.

Overall, the initiative reinforces the UAE’s commitment to fostering innovation-led growth and sustainable industrial development through targeted financial support under MBRIF.

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