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 3819 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
NARS Erdem SS19 Beauty Report
Diana Arno Expands Online Shopping to Middle East
Introducing Home Fragrance at Robinsons, Dubai Festival City
Introducing VK Beauty Lounge & Bar
Defying Age With Skin Republic's Gold and Platinum Face Masks
The Future Is Here
Roberto Cavalli's Exclusive Duo of Fragrances
Lacoste.12.12 Collection
Bring a Touch of Sophistication to Your Home with The Exclusive SmegXDolce&Gabba...
FOREO To Attend TFWA: the World's Largest Travel Retail Show
Trevor Sorbie Range Relaunches in the UAE
Dubai Parks and Resorts Celebrates Saudi National Day
Honor Set to Go Beyond Limits With the Launch of Honor 8x
Carl F. Bucherer Celebrates Debut of Its Online Boutique on Jd.Com Launch of Lim...
O Boticário Opens in Dubai its First Amphora Store outside Brazil Come Join...
Pamper yourself at Perfumery & Co this month, at The Dubai Mall
The Mummies of Dubai Give Their Kids a Preppy Style Makeover
GROHE Smart Home: The App-Controlled Water Security System
Huawei Deepens Cooperation with Duisburg to Transform Germany's Industrial Hear...
Ministry of Human Resources and Emiratisation, Huawei and Honor launch ICT Compe...
New GUESS Handbags for FW18
Le Meridien Dubai Hotel & Conference Centre's Restaurant Promotions- October
Hyperloop Transportation Technologies, Partners, and Government Stakeholders Mov...
William Collection by Hugo Boss
Al-Futtaim ACE launches its stylish new Outdoor collection
du Wins Smart Cities Award at the Telecoms World Middle East 2018
Tips & Toes Hits the Big 3-5!
Honda voted “Preferred Sedan Car Brand of the Year” for the fourth year in a row
Al-Futtaim Toyota swoops another win at the Filipino Times Awards
Dubai Design Week continues to grow, cementing Dubai as the design capital of t...
Eberhard & Co. Scafograf 100 For Elegant Lady
Mousses Etoiles to reveal the latest luxury designs of commercial-use outdoor fu...
Tata Communications launches a specialised cyber security lab at Shanmugha Arts,...
Consonni Wraps Up La Vuelta a Espana With a Seventh Place Finish for UAE Team Em...
Abu Dhabi wins bid to host 2022 ITU Grand Final in world first
Akamai Unveils Solutions at IBC 2018 Designed to Mitigate the Challenges and Cos...
Cadillac XT4 Delivers Dynamic Driving Experience
WWE® Crown Jewel Set for November 2 in Saudi Arabia
du Opens New Business Centre in DIFC for Enterprise Customers
New Homologations for Pirelli Tyres
The Ferrari Monza SP1 and SP2 unveiled – the first models in a new concept of li...
Volunteers from the UAE join hands with the community in Tasset Peulh village in...
Sharjah's Recognition as ‘Accessible City for Physically Disabled' Hailed as His...
Dubai Festival City Mall Celebrates KSA National Day with Special Imagine Show
2018 FW in style at Zippy
The Dubai Business Women Council meets with the UN Assistant Secretary-General t...
Fidu Properties unveils second office in Dubai; eyes expansion in UAE
Registration for the 5th edition of Camel Trek is now open
New Headmaster for Repton School, Abu Dhabi School's Rose Campus (FS1 to Year 1...
Huawei becomes one of the first multi-national technology companies to register ...