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Dubai: The Mohammed Bin Rashid Innovation Fund (MBRIF), an initiative launched by UAE Ministry of Finance to support innovation in the UAE, hosted its first-ever Investor Demo Day for its current cohort of the Innovation Accelerator Program.
The Demo Day served as a platform for MBRIF members, representing a number of priority sectors including, HealthTech, Real Estate, FinTech, AgriTech, Data storage, E-commerce, CleanTech and Artificial Intelligence, to show case their innovation and capabilities.
Over 42 local, regional and international investors as well as over 50 interested partners and collaborators joined the Demo Day, where the members pitched their unique business model in order to highlight how their product is poised to disrupt and advance the UAE market. Networking breakout sessions followed the demos, where interested investors interacted with the members to learn more about their proposals.
Commenting on the Demo Day, Fatima Al Naqbi, Chief Innovation Officer at the Ministry of Finance, and official representative of the MBRIF, said: “We are extremely proud of our cohort of innovators and the high-quality solutions they have brought forward to strengthen UAE’s position as a leading innovation hub. The MBRIF Accelerator Program is here to equip our members with the tools they need to grow and connect with the right corporate partners, helping them realize their commercial and expansion plans.”
The thirteen MBRIF members who presented include:
- Aitrics and P4ML – from the healthcare sector
- Mobsting – an on-demand video crowdsourcing application
- Northladder – an auction driven second-hand marketplace
- Alesca Life Technologies – a farming solutions & turnkey indoor vertical farms company
- Ajar – a real-estate digital bank
- Colosseum – a live interactive game streaming platform
- Letswork – a shared workspace provider
- Shorages – an E-commerce warehousing and fulfillment services provider
- Giisty – a short peer reviewed audio and video messages creator
- Widebot – an AI Chatbot platform
- Hotel Data Cloud – a B2B hotel content distributor; and
- Wahaj Solar – a concentrated solar power provider
Over the years, the MBRIF Accelerator program has significantly contributed towards bolstering the innovation ecosystem in the UAE. Since the inception of the program in December 2018, the Accelerator has brought innovators from diverse sectors of the economy such as Technology, Healthcare, Education, Transportation, Clean Energy, Water and Space among others. The Accelerator places emphasis on nurturing and growing local entrepreneurs to advance the innovation in the UAE.
For more information, please visit: https://mbrif.ae/
© Press Release 2021
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