Page 228 - MOE ENGLISH PR REPORT - AUGUST 2024

9/2/24, 2:51 PM News | dayofdubai.com
In5 Business Incubator: A Hub for Creativity and Growth

At the in5 business incubator, HE Al Mazrouei met with Abdulla Khalifa Belhoul, CEO of TECOM
Group, where she was briefed on the incubator’s achievements. The presentation showcased in5's
support for over 490 active startups, including the emergence of three local billion-dollar companies.

The discussions centered on nurturing startups in emerging sectors such as financial technology and
the importance of a flexible regulatory environment to support their growth. Both parties agreed to
establish a joint working team to advance initiatives that bolster the entrepreneurship ecosystem.

Masdar City Free Zone: Innovation and Technological Advancement

In her visit to the Masdar City Free Zone, HE Al Mazrouei met with CEO Ahmed Baqhoum, who

provided insights into Masdar’s focus on key sectors such as space, energy, life sciences, AI, and
mobility. The discussion highlighted the challenges faced by entrepreneurs, including funding and
access to specialized equipment. The visit reinforced the importance of collaboration to support the
adoption of emerging technologies and the development of forward-looking companies in the region.

Khalifa Innovation Center: An Incubator for Deep Technology

At the Khalifa Innovation Center, HE Al Mazrouei engaged with HE Prof. Ebrahim Al Hajri, President of
Khalifa University of Science and Technology. The Center, known as the UAE's first incubator
dedicated to 'Deep Tech,' was discussed as a critical platform for startups to access markets and
secure funding. The visit also underscored the importance of boosting innovation outputs and

overcoming challenges such as the communication gap between academia and the private sector.

Her Excellency’s visit concluded with a tour of Khalifa University’s advanced laboratories, which are
equipped to support research and innovation in fields such as AI and robotics. The visit reinforced the
UAE's commitment to fostering an environment conducive to entrepreneurship and technological
advancement, in line with its vision for a diversified and sustainable economy.

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