Turning innovations into economic ventures
The university has focused on supporting 36 startups over the past two years with investments totaling 28 million dirhams, aiming to turn research ideas into scalable economic projects. The supported sectors include health, biotechnology, energy, artificial intelligence, robotics, and agriculture, in line with the UAE's development priorities. The university offers innovators startup grants worth 70,000 dirhams, provides an incubator environment and intellectual property rights, and enables companies to transition from idea to market. Some of these startups have successfully secured contracts worth hundreds of millions of dirhams and attracted international investments. The initiative aims to enhance innovation and achieve sustainable economic impact by building a technological ecosystem and collaborating with partners to promote economic development.
Notice: This Is an AI-Generated Summary
Comments (0)