Targeted services to drive innovation

The ICT Fund's key objective is to drive the strategic development of the UAE ICT sector in order to strengthen the innovation and knowledge capital level of the market by providing research, education and entrepreneurial opportunities. The ICT Fund will initially focus its funding and technical and advisory services on supporting the following core areas to create significant, sustainable innovation:

Incubators

Nurturing business incubators in the UAE that support the development of new ideas and provide early stage startups with financing, management expertise and infrastructure support

R&D projects

Enabling research teams to carry out world-class research, both basic and applied, and advancing the level of theoretical understanding of ICT subjects as well as their real world applications

R&D institutions

Supporting the creation of high-quality R&D institutions in the UAE that focus on basic and applied research and that contribute positively to the ICT sector of the country

Educational scholarships

Providing educational scholarships to support the education of motivated and capable individuals who are keen to work in and contribute to the UAE ICT sector

Educational institutions

Strengthening and setting up educational institutions that offer quality ICT-related courses and that will groom future talent for the country