Mohammed Bin Rashid

Innovation Fund

The Mohammed bin Rashid Innovation Fund is a federally-sponsored initiative conceived and sponsored by the Ministry of Finance to support local innovators in accessing affordable finance through the provision of a government-backed guarantee. The Fund of AED 2 billion was announced in November 2015 during the UAE’s inaugural Innovation Week which sought to showcase a variety of innovative initiatives across federal and local levels of government and within the private sector.

The Fund will act on behalf of the UAE government to provide a guarantee as security to a financier, as an incentive to encourage the issuance of a loan and to reduce collateral required from the applicant.

Mission

To be the trusted partner in supporting innovators in their journey to expansion.

Vision

To facilitate innovation activities through targeted financial risk mitigation and business development tools aimed at sustainable growth.

Goals

Bridge the financing gap across innovation projects

Commercially accelerate the UAE’s innovative products and services in regional and international markets

Promote the UAE’s reputation and footprint on the international innovation scene

Improve the UAE’s economic competitiveness and expand its national growth potential

Stimulate Public-Private collaboration in innovation

The path to making the UAE a leader in innovation and improving the quality of life for people in the UAE, and the world.