Do you have any questions? Please refer to the FAQs below:
Frequently Asked Questions
A1. Priority will be given to those with lenders. However, applicants with no existing lender are still eligible for the Innovation Fund, and will be provided with, upon approval, a Letter of Intent representing the guarantee that they can use to get access to a lenders.
A2. No: The Innovation Fund only accepts applicants that are in a Post-ideation stage.
A3. Yes: but the applicant should be willing to be based, or establish a branch, in the UAE upon receiving the letter of intent for the guarantee.
A4. Yes: however priority will be given to innovations in the (NIS) sectors of focus
A5. No: an IP is not a mandatory requirement for the Innovation Fund, however, an IP is one of the supporting documents of an application to the Innovation Fund.
A6. A collateral might be required on a case by case basis and is not mandatory for all applicants.
A7. No: in case the Innovation Fund requires a collateral from the applicant, this collateral will be shared with the lender, and the latter cannot ask the applicant for further collaterals.
A8. No: Currently, the Innovation Fund only guarantees debt funding.