His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, Minister of Defence and Chairman of the Board of Trustees of the Dubai Future Foundation, today approved the launch of the “Research, Development and Innovation Support and Funding Initiative” to provide the required funding for the qualitative and innovative projects that will participate in the initiative.
This initiative is one of the outcomes of the “Dubai Research and Development Program” launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum in September 2022, and supervised by the Dubai Future Foundation. It aims to establish a comprehensive framework for research, development and innovation activities in the emirate, how to manage its projects, initiatives and legislation, invest in them, increase local spending on them, and enhance private sector participation in launching and financing them.
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said: “Research and development is a key pillar in achieving Dubai’s vision for the future of its key sectors, and we will provide support to various research projects aimed at achieving positive and influential change in our journey towards global leadership in various scientific and knowledge fields.”
His Highness added: “By launching the initiative to support and finance research, development and innovation, we aim to make Dubai one of the best cities in the world in terms of preparation for the future and the most prepared to employ scientific research to achieve qualitative leaps and influential achievements in the future of sectors that concern society and the economy in general.”
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum continued by saying: “Dubai will be a global destination for the best scientists and researchers in the region and the world, and to achieve this goal, we need more cooperation and effective partnerships between government and private entities, universities, research and academic institutions in the coming period.”
Research project
The “Research, Development and Innovation Support and Financing Initiative” mainly aims to support up to 20 projects in the coming period by providing funding for them. Projects will be selected to participate in this initiative according to a specific set of criteria and requirements.
Main topics
The “Research, Development and Innovation Support and Funding Initiative” will focus on four main axes, including future cities, health and life sciences, artificial intelligence, and robotics.
The Future Cities Hub focuses on diverse applications such as smart mobility development, traffic management, smart transportation networks, and real estate technology. The Health and Life Sciences Hub projects aim to advance precision medicine, preventive genetic sequencing, cultured foods, crop quality enhancement, and more.
The artificial intelligence axis includes various applications of financial technology, natural language processing, and computer vision, while the robotics axis focuses on sectors that can employ its various applications, such as logistics, aviation, construction, and healthcare.
Partnerships
The Dubai Future Foundation will work to achieve the objectives of the “Research, Development and Innovation Support and Funding Initiative” and develop and implement the projects participating in the initiative with a group of partners from the government, private, research and academic sectors in the UAE and abroad.
Dubai R&D Program
It is worth noting that the Dubai Research and Development Program, supervised by the Dubai Future Foundation, aims to find solutions based on knowledge, experience and testing for the most important challenges at the local or global level, and to increase the productivity of existing sectors, services and fields by providing new paths that enhance their economic value.
The programme also contributes to supporting national efforts aimed at identifying the most important radical transformations and ways to keep pace with and address them, and preparing the infrastructure for the entry of new sectors that enhance economic flexibility and readiness for the future.
For more information about the “Research, Development and Innovation Support and Funding Initiative”, please visit the website:
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