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 >> Banking and Investments

 
  Share

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.  

 



Posted by : GoDubai Editorial Team
Viewed 6844 times
Posted on : Sunday, February 11, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : WGS 2018: Global Policy Platform Panel Considers Supporting Female Entrepreneurs Essential for Socie...
Next Story : Qualcomm Extends Cash Tender Offer for All Outstanding Shares of NXP
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
Season's Greetings 2018
Twelve Holiday Gifts for the Beauty-Obsessed Woman
The Smile Bar Opens Its First Store in the UAE
Purely Pandora Classics With a Twist
New 1948 Seamaster Watches Join the Ranks
Festive Gifting Guide
Add a festive sparkle to your eyes with Palladio Beauty
Tryano Launches Elemis
The Geo-Graham Orrery Tourbillon presents a galaxy you can reach out and wear Ge...
Amp up your skincare routine with The Organic Pharmacy's new corrective serums
Parmigiani Fleurier, new Friends of the Brand – ice-hockey superstar, Evgeniy Ma...
Hour Choice presents Coach Park Collection
Chloé Eyewear's Feminine Appeal Seen Through the Lens of the New “Rosie” Style
Certina DS PH200M collection
Joyalukkas brings joy to hundreds around the world with gold bar giveaway this f...
Tissot T-Race Marc Marquez
LACOSTE presents its new Legacy collection
Coca-Cola Puts Extra Fizz Into Its Factory Thanks to Digitisation
Oh So Heavenly! Bath Sets from Glambeaute.com that make a great gift this festi...
Sawalef Perfumes is now available at Mirdif City Centre
Introducing Nokia 3.1 Plus to the UAE
Introducing the GUESS Holiday 2018 Collection
The Custodian of the Two Holy Mosques King Salman bin Abdulaziz honored Huawei w...
The new BMW 8 Series Convertible.
Zoho launches its cloud accounting software in Bahrain
Department of Culture and Tourism – Abu Dhabi Organises ‘Herfaty' Programme in A...
Jameel Arts Centre, Dubai opens with an ambitious set of exhibitions and program...
The Ultimate Festive Guide For Little Ones
Souq.com's Biggest Ever White Friday Sale
Jaguar F-Type Rally Cars Celebrate 70 Years of Sports Car Heritage
Superhero Color Runners Prove We Are All Unstoppable!
Puma Launches RS-X Toys
Alstom delivers first Dubai metro trainset on time
Special Olympics Will Create a Legacy of Inclusion Through Art
Celebrate a Month-long Festive Feast at Swissôtel Al Ghurair
Puma Drops Cali in New Colorway
Mademoiselle Longchamp
Sheikh Mohammed Bin Rashid Al Maktoum Global Aviation Award
Epson's Saudi roadshow highlights environment friendly Inkjet printers in line w...
MDC Business Management Services Wins ‘Best Shared Services Initiative in UAE' Award
Audi Innovation Award Winner Announced at Dubai Design Week
HE Abdulla Ali Bin Zayed Al-Falasi officially opens HR Summit & Expo 2018
Celebrated singer and songwriter Atif Aslam set to perform at BOLLYWOOD PARKS™ Dubai
Roda Hotels and Resorts named front-runner and pioneer of the regions hospitalit...
The Central Bank's Higher Sharia Authority Discussed the Sharia Governance for t...
Kors Dubai: Michael Kors Celebrates A New Middle East Flagship Store and Specia...
Turkish Airlines reached 83.4% Load Factor in October
The IKEA Soft Toy Drawing Competition Is Back to Bring a Child's Dream Toy to Life!
Groundwork begins at historical Mina Al Sultan Qaboos
‘Successful Food Factories of the Future will be Driven by data' – Opening of Ag...