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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

MBR Innovation

by MOF

What is it about?

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.

App Details

Version
1.2
Rating
NA
Size
9Mb
Genre
Finance Business
Last updated
November 1, 2017
Release date
October 21, 2017
More info

App Screenshots

App Store Description

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.

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