Search DubaiPRNetwork.com

Home >> Banking & Investments

Ministry of Climate Change and Environment and RAK Incubator and Accelerator Ink MoU to Drive Entrepreneurship and Innovation

Sunday, February 11, 2018/ Editor -  

Share

Home >> Banking & Investments

Dubai-UAE: 11 February 2018 -   The UAE Ministry of Climate Change and Environment (MOCCAE) signed an MoU with RAK Incubator and Accelerator with the aim of enabling SMEs, entrepreneurship and innovation and in the presence of His Highness Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, and His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Climate Change and Environment. 

On the sidelines of the UAE’s first Seaside Startup Summit, held at the Al Marjan Island in RAK with the aim of creating a new platform for the cooperation of the startups and investors, the MoU was signed by His Excellency Sultan Alwan, Assistant Undersecretary of the Regions Sector at MOCCAE, and Dr. Hisham Safadi, Co-Founder and CEO, Ras Al Khaimah Incubator and Accelerator.

Under the MoU, the two parties will join hands to bolster SMEs, entrepreneurship and innovation, by providing training, mentorship and access to investors and decision makers.

Speaking at the MoU signing ceremony, His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Climate Change and Environment, said that innovation is key to responding effectively to the growing economic, social and environmental challenges, as their nature and increasing level of complexity make it almost impossible to rely on traditional solutions. “If we take climate change as an example, we will see that all the solutions proposed are highly dependent on modern technological innovations, namely renewable energy, electro mobility, waste-to-energy conversion, carbon capture and storage, among others,” he said.

Dr. Thani added that the lack of funding, however, is a major barrier for innovative ideas. Many of them don’t see the light as a result. “The way I see it, the real challenge is in bringing investors on the same platform with entrepreneurs. To that end, the Seaside Startup Summit is offering participating entrepreneurs the opportunity to engage in matchmaking sessions with investors and pitch for funding.

“I am confident that by the end of the summit, many innovative ideas showcased here will secure the funding they need to become a reality. We saw firsthand how effective such platforms can be, as the ministry hosted the Climate Innovations Exchange (CLIX) last month, within the Abu Dhabi Sustainability Week. CLIX served as a global marketplace that connected capital with innovative climate change concepts and solutions, and has attracted an intention to invest pledge worth US$17.5million within the first year. This figure is expected to grow to US$45.5million within a period of three years per the investors,” Dr. Thani noted.  

 


Previous in Banking & Investments

Next in Banking & Investments


Home >> Banking & Investments Section

Latest Press Release

Do Explore More with Pandora

Dubai Festival City is the place to be this Ramadan

Spotlight on the Sacred Art of Inshad; Call for Public and Private Support to Si ...

Celebrate the Gift of Giving this Ramadan with BurJuman

Dynamic Colombian Rodriguez Storms Into Atco Psa Dubai World Series Finals as Li ...

Experts raise concerns on the rising incidence of Inflammatory Bowel Disease in ...

Sheikh Juma launches his Asian Games preparations with NAS Run

Create picture perfect moments with the glittering Ramadan themed d├ęcor at Majid ...

The French Business Council Dubai and Northern Emirates receives the Dubai Quali ...

A Great Victory for Real Madrid in Serbian Capital

Villa Rotana Celebrating the Holy Month of Ramadan with Dubai Taxi Drivers

Qualcomm Introduces Industry's First 5G NR Solution for Small Cells and Remote R ...

Mido Multifort Datometer Limited Edition - A piece of history on your wrist

Saeed Mohammed Al Ghandi and Sons (SMAG) Finalizes Deal With Utmost Gulf General ...

Word's Best Air Purifier Launched in Dubai

Give the gift of artistic boldness with Georg Jensen home decor this Ramadan

CBUAE Publishes 2017 Financial Stability Report

Ideal Standard's Strada II Range Sets New Standards in Design

du Helps You Stay Connected this Ramadan with Exclusive Offers Throughout the Ho ...

H.H Sheikh Saud Meets Palace Museum Beijing Officials in Ras Al Khaimah to Unear ...