|04 February, 2020

TIP summit 2020 successfully opens with breakthrough inventions and innovations

Event aims to serve as a key enabler in the efforts to develop plans, projects and reinvent new ideas in the spirit of the union and in line with country's 50-year grand plan.

TIP summit 2020 successfully opens with breakthrough inventions and innovations
  • H.E. Al Mansoori said that TIP amongst the top institutional efforts across the country to harness innovative expertise, talents and capabilities that will design new systems for the next 50 years. 

Abu Dhabi: In the presence and participation of H.E. Eng. Sultan Bin Saeed Al Mansoori, UAE Minister of Economy, the TIP Summit 2020, a key enabler in helping to achieve the objectives set forth in the UAE 50 Year Grand Plan, opened today (Feb 2 -5) amidst the country's celebration of Innovation Month. Running until the 5th of February under the theme, '2020: Towards the next 50', the second edition of the event aims to serve as a global ecosystem that connects inventors and investors to deliver innovative solutions to the most pressing sector challenges in the areas of healthcare, energy and environment. The exciting four-day event is being initiated by the Minister of Economy and the Abu Dhabi Department of Economic Development (ADDED), in partnership with local sector units like the Department of Health - Abu Dhabi, the Department of Energy - Abu Dhabi and the Environment Agency- Abu Dhabi.

TIP Summit 2020 unveiled the next generation of innovative solutions that will redefine economies, industries and solve many of sectors’ most pressing challenges. The event is expected to draw in an attendance of over 2000 participants; including 154 starts ups from where 30 lucky finalists were awarded after an initial intensive day of training on pitching techniques during the first day of the Summit, which sought to prepare them for the actual

day of pitching on the 3rd of February. Ten more winners will receive a granted patent support to start registering their first filing in UAE. The award will support increasing the number of patents filed under the global innovation index and bringing talent to the UAE.

Also attending the inauguration ceremony were H.E. Eng. Sultan Bin Saeed Al Mansoori, Minister of the Economy of the UAE; H.E Rashed  Abdul Karim Alblooshi, Undersecretary ; H.E. Mohamad Bin Jarsh Al Falasi Undersecretary of the Abu Dhabi Department of Energy; H.E  Eng. Mohammed Ahmed Bin Abdul Aziz Al Shehhi, Undersecretary of the Ministry of Economy for Economic Affairs; H.E. Dr. Shaikha Al Dhaheri Secretary General of the Environment Agency in Abu Dhabi.

TIP Summit has drawn the participation of government officials, inventors, entrepreneurs, investors, industry experts, universities, professionals and Start-ups who all share the deep belief that we are at a crossroad in the country’s history—where societal and habitual change has to come before it’s too late.

In his inaugural speech, H.E. Eng. Sultan Bin Saeed Al Mansoori said: “There is no doubt that breakthrough technological transformations of the industrial and economic structure are very much the need of the hour, and we are confident that the developments in the areas of innovation and technology can change the nature of our future profession, industry, cities and the way humans live. This is what makes platforms such as the TIP Summit highly relevant as they help foster a productive dialogue between leaders as well as internal and external stakeholders, who could offer inspiring and multidisciplinary perspectives.”

Al Mansoori pointed out that the UAE Government believes in the potential of promoting an environment of innovation, technology, scientific research and intellectual property, as they serve as the engines of development and transformation towards a globally competitive digital economy.

H.E. added: “We believe that the UAE is making great strides in establishing innovation, science and technology as the main drivers of its industrial and economic transformation, with a strong focus on building capacity and capabilities in new sectors such as: Biotechnology and precision medicine; Food Technology Systems; Material Science, especially petrochemicals; Aerospace; Health and prevention of non-communicable diseases and Water solutions technologies.” 

The Minister of Economy concluded: “It is with great enthusiasm and optimism that we look forward to the outcomes of the second TIP Summit and their applications in contributing to defining the future of humanity, as it is another major milestone among the national initiatives and programs to foster the country’s innovation ecosystem.”

H.E. Mohamad Al Shorafa, Chairman of ADDED commented on the summit saying: “what truly matters about TIP — the reason why we come together for this summit every year — is to foster the kind of collaboration that is required to make transformative innovations possible.”

He continued: “Indeed, time and time again, all over the world, we’ve seen how great ideas can only become game-changing innovations through collaboration. True progress is only possible when communities, academic institutions, industry leaders, and governments work together. TIP has been designed — from the prizes we award our inventors, to the topics and speakers in our summits — to foster the kind of boundary-crossing collaboration that it takes to change the world.

We value the power of collaboration in the UAE in part because the UAE was made possible through collaboration. The UAE was founded because leaders from across the Emirates worked together to imagine a new future for their people. And, whether it was city planning, education, healthcare, or infrastructure, the progress of our first fifty years depended on collaboration, too, as we worked with experts from around the world to find sustainable solutions to our local challenges. I have no doubt that the UAE’s next fifty years will be also be fueled by our ability to continue collaborating with even more diverse experts on topics of even bigger significance. “

H.E Razan Khalifa Al Mubarak, Managing Director of the Environment Agency-Abu Dhabi (EAD) and Managing Director of the Mohamed Bin Zayed Species Conservation Fund said: “The opening of the inaugural TIP Summit 2020 is an exciting moment, as we stand on the cusp of learning which innovative solutions to environmental challenges have won the EnviroTech award. Today is a culmination of our efforts, in partnership with TIP, to promote innovation and investment in the transition to a green economy, both in Abu Dhabi and around the world.”

“As environmental challenges become increasingly prominent, we look to the inventors to help us find the solutions. We know that technological innovation has an important role to play in efforts to protect the environment and the aim of the EnviroTech Award is to put in place the support from the whole innovation ecosystem not only of government to build and scale these ideas. With more than 250 applications received in the fields of clean energy, ocean conservation and single-use plastic, we know that entrepreneurs have a lot to offer the global drive to tackle environmental challenges. Abu Dhabi is proud to provide a model for the transition to a green economy and I wish all the winners of this year’s TIP initiative every success for the future.”

MoE, ADDED and TIP are expected to collaborate for this  world-class event, reflecting the key effort aimed at bringing together bright minds and enablers in a creative dialogue for the future global innovation ecosystem in partnership with HSBC, Tamkeen, AD Ports, Tawazun,  AD Convention Bureau, ADGM, Industrial Development Bureau, AD Investment Office, Start AD and Emirates Development Bank.

TIP Summit 2020 agenda is focused on innovations topics, technology, while highlighting success stories presented by local & international industry experts and high-profile speakers. The event hosts more than 100 speakers and experts from different industries and will hold more than 20 workshops and conferences, and network with over 100 investors from all over the world.

Dr. Tariq Bin Hendi, Director General of Abu Dhabi Investment Office (ADIO) said: “ADIO works with companies of all sizes across all industries helping them innovate, create and grow in Abu Dhabi. TIP symbolizes the value that Abu Dhabi places on innovation and our commitment to creating an environment where the world’s most innovative companies can

thrive. The event is an opportunity to discover how Abu Dhabi’s innovation ecosystem can empower more companies to create and commercialize world-class ideas right here in the emirate.”

Mr. John Nosta, Founder & President of NostaLab, said, “We all stand at a profound inflection point in human history. Our path forward will be defined by the cognitive, functional, and passionate engagement we experience at The TIP Summit 2020. From the game-change emergence of iPhone in 2007 to the current innovations on artificial intelligence and nanotechnology, our century is now taking shape and direction. It begins today--it begins here in Abu Dhabi."

Along the same line, Dr. Steve Griffiths, Senior VP - Research & Development, Khalifa University of Science & Technology, UAE said that “Almost half of the startup companies being formed globally are in deep tech sectors that have the potential for major societal impact. TIP Summit 2020 provides a platform for discussing the opportunities and challenges facing these companies and how the challenges they face can be overcome.”

Created by ADDED, TIP 2020 runs until Wednesday, February 5, at the New York University Abu Dhabi Campus.

-Ends- 

About TIP

Technology Innovation Pioneers (TIP) is an initiative launched by The UAE Ministry of Economy and The Department of Economic Development, Abu Dhabi, in line with the UAE National Strategy for Innovation.

The objective of TIP is to advance the start-up and entrepreneurial ecosystem locally, regionally and globally in order to solve important challenges through breakthrough innovation across a variety of sectors starting with Healthcare, EnviroTech and EnergyTech. Technology Innovation Pioneers (TIP) is an enabler of inventors, entrepreneurs and investors bringing them together to create solutions through a series of bold initiative across a variety of industry sectors. For more information, please visit:  https://tip.gov.ae 

If you need more information, please contact:
Natasha D’Souza | Dedef Kayrouz
+971 56 757 5771| +971 50 548 7182
natasha@acornstrategy.com | dedef@acornstrategy.com 

© Press Release 2020

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