Page 157 - MAJRA PR REPORT - FEBRUARY 2025

The initiative’s partners reiterated the importance of collaboration between the public, private, and
academic sectors in creating an enabling environment for startups and business innovation.

Mohammed Alblooshi, CEO of DIFC Innovation Hub, stated, "As a leading hub for innovation and
entrepreneurship, DIFC is proud to collaborate with the Ministry of Economy as an accelerator
partner for the Future100 initiative. Our partnership aligns with the UAE’s strategic vision for
innovation and entrepreneurship and will empower the next generation of innovators by providing
them with the tools, resources, and expertise needed to drive positive change and shape the future
economy."

Majed Al Suwaidi, Senior Vice President of TECOM Group – Dubai Media City, speaking on behalf of
in5, emphasised the significance of the partnership in advancing the UAE’s innovation agenda,
stating, "Our strategic collaboration with the Ministry of Economy is a key step in supporting the ‘We
the UAE 2031’ vision and Dubai Economic Agenda D33. By backing the Future100 initiative, we aim
to empower future innovators, who are the foundation of sustainable development. in5 remains
committed to fostering innovation across vital industries, reinforcing the UAE’s position as a global
hub for startups and entrepreneurs."

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 platform for drug
discovery and biological data analysis while ensuring strict governance in data sharing and

https://www.msn.com/en-ae/news/other/future100-initiative-signs-6-agreements-to-drive-
startup-growth-in-uae-s-new-economy-sectors/ar-AA1zVwQy