GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Government, Legal and Humanity

 
  Share

The Executive Team of the Global Innovation Index operating under the UAE National Agenda has held its sixth meeting at the Ministry of Economy's Dubai HQ. The session was led by H.E. Abdullah Sultan Al Fan Al Shams, head of the team, in the presence of elite representatives from federal and local entities that are members of the team.

The group discussed the latest updates to the Global Innovation Index and available development opportunities. They also reviewed the work methodology for the next phase which will focus on formulating policies supporting an environment of innovation and the sustainability of the country's competitiveness in this regard to help advance the national target of becoming among the top 10 countries in the world by 2021.

The meeting emphasized the need to speed up several processes, namely those related to the collection of expenditure data on education and scientific research in academic institutions and the private sector as well as data on foreign direct investments (FDI) within the country. The growth of the UAE's imports and exports due to advanced technology and the contribution of technology to the state's total foreign trade was also discussed to complete related initiatives and plans.

H.E. Alshamsi said that the Executive Team is currently more focused on the policy aspect than the monitoring and data collection process. This is to keep abreast of international developments and to enhance the competitiveness of the country regionally and globally in such a way that ensures the achievement of advanced levels on the Global Innovation Index to serve the directions of the country.

He added that there are many initiatives and steps that have been developed recently to establish an incubating environment for innovation and creativity. He noted that these efforts mostly focus on small- and medium-sized enterprises (SMEs) and newly established innovative companies. Among the most notable are the Ministry of Economy's efforts to collaborate with concerned entities that have members on the Global Innovation Index Executive Team to advance the ‘Young Innovative Companies' initiative.

The initiative provides support for fast-tracking the establishment of new innovative businesses and enabling them to commence work as soon as possible. It also encourages creative university students to transform their ideas into marketable commercial projects by providing them with financing facilities and helping them with procedures for registering patents, licenses, trademarks and other aspects involved in establishing and doing business.



Posted by : GoDubai Editorial Team
Viewed 3495 times
Posted on : Thursday, December 14, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Ministry of Health & Prevention launches electronic Early Warning Scores (EWS) project
Next Story : 3rd Community Safety Conference highlights importance of public-private partnerships in combating co...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Sacoor Brothers launches FIRST ever Fragrance “GENTLEMAN”
Trend Alert! Summer Can Never Be a Forgotten Memory With kate spade
Caudalie The Des Vignes
Get Your Summer Glow From Within
Palmer's Coconut Oil Formula for Body and Hair
Corum Presents La Grande Vie
Caudalie and Al Jalila Foundation Join Hands for the Launch of ‘Glamour for Good'
LG launches new AI-powered premium LG G7 ThinQ+ flagship for GCC consumers
Express Your Signature Style
Tissot Lepine It's making a comeback Vintage
The Memovox Adventure
The Rado HyperChrome Skeleton Automatic Chronograph Limited Edition
Manero Peripheral (43 Mm) Classic Watchmaking Meets State -of-the - Art Technology
New short indie movie ‘The Peril' is a wake-up call to parents about internet sa...
Dubai Parks and Resorts and GEMS Education launch the second annual Summer Camp
The Lacoste Family Capbreton Collection
Ferrari takes the “Red Dot: Best of the Best” design award for the fourth year r...
OMEGA's second "Speedy Tuesday" sells in 01:53.17
Sandooq Al Watan and DarkMatter Launch Second Phase of "Emirati Coder"
Beat the heat with mini dresses
Olivia Burton Watercolour Florals
Ulysse Nardin Salutes Us Navy With Limited Edition Executive Skeleton Tourbillon
Director of Dubai Customs discusses fostering business with South Korean Consul ...
Tridom, Ras Al Khaimah's first indoor adventure park, opens its doors in Manar Mall
UAE's Emirates Transport Chooses Oracle Cloud to Drive Rapid Expansion and Deliv...
World-first as the F1® Innovation Prize prepares to transform fan's winning tech...
Open Dairies by Parmigiano Reggiano Consortium: A gastronomical event for touris...
Enjoy an all-day breakfast at Sophie's Café
Airbus unveils winners of its ‘Entaliq in KSA' initiative
DHL Express drives energy efficient solutions with new electric vehicles in Dubai
Outstanding Guide programme launched by Sharjah Museums Authority
Shopping assistance for Arabic-speaking passengers in the summer months
Cerruti 1881 Infinite Love
Launch of PINAR Water - Turkey
Abu Dhabi Airports Celebrates Success at CIPS Middle East Supply Management Awards
Dubai Business Women Council witnesses 28.3% growth in total membership during f...
Dubai Creek Harbour Project Celebrates 5 Million Man Hours with Zero Lost Time A...
2XL launches luxurious Louna sofa set in velvet
Emirates makes history with one-off A380 touchdown in Islamabad
New hope for patients as world's first and only approved therapy to treat two ty...
Sighting Immediate Hiring of UAE Nationals, Union Coop Organizes Exclusive Recru...
‘Green' retailers to continue to gain traction with consumers
Dubai Cares honors philanthropist Sunny Varkey for fulfilling his AED 100 millio...
DALBY and its 50 years of experience in hydraulic hooklifts will be present at t...
Etihad Airways Launches Dedicated in-flight Guest Medical Services
Cromia Offers Amazing Discounts during DSS
HP Collaborates with Abu Dhabi's Danat Al Emarat Hospital to Re-invent Patients'...
Finnair launches off-airport baggage collection and check-in service in London w...
Confidence in Follower Counts
Martin on a Mission as He Claims Sixth Spot for UAE Team Emirates in Stage Five ...