Page 151 - MAJRA PR REPORT - FEBRUARY 2025

3/4/25, 10:44 AM Future100 Initiative Signs 6 Agreements To Drive Startup Growth In UAE’s New Economy Sectors - UrduPoint
Anthony O’Sullivan, Managing Partner of Ernst & Young UAE, commented, "We

are pleased to support the Future100 initiative to enhance opportunities and

resources for local startups. This collaboration between the government and
private sector highlights the power of joint efforts in identifying, supporting, and

scaling innovative businesses that contribute to the UAE’s economic

diversification. The investments made today will help build a thriving and

sustainable business ecosystem for the future."

Walid Mansour, Co-Founder and CEO of MEVP, stated, "Our partnership with the

Ministry of Economy in this initiative underscores our commitment to investing in

promising and innovative startups. With our 15-year track record in identifying and

supporting transformative technology companies in the region, MEVP is uniquely
positioned to support the UAE’s innovation vision. We are excited to continue our

journey in empowering the next generation of entrepreneurs and contributing to

the UAE’s future economic growth."

Hassan Waheed Al Farsi, Board Member of Oraseya Capital, noted, "As the
investment arm of the Dubai Integrated Economic Zones Authority, Oraseya

Capital is proud to partner with the Future100 initiative to empower the next

generation of SMEs in the UAE. As one of the most active investors in startups in

2024, the $1 million investment reinforces our commitment to fostering innovation,

supporting the growth of local technology firms, and strengthening the future
economy. We look forward to contributing to the success of these companies

through this initiative."

In addition to the six agreements, Alia Al Mazrouei witnessed the signing of two

more agreements involving startups recognised in this year’s Future100 list and
international research institutions.

The first agreement was signed between P4ML, a tech-driven

healthcare company, and Sanford Integrated Stem Cell Orbital Research

(ISSCOR) Center at the University of California, San Diego. This collaboration
focuses on space-based stem cell research, biological data analysis, drug

discovery, and precision medicine. The partnership aims to develop an advanced

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