Page 190 - MOE ENGLISH PR REPORT - FEBRUARY 2025 Part 1

3/4/25, 3:46 PM Home | Emirates News Agency
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 research technologies to support the health of astronauts and

space tourists through cutting-edge research.
The second agreement was signed between Circa Biotech, a company specialising in food waste recycling

and a recognised startup under the initiative, and Thailand-based Energy Absolute. This partnership aims to

establish a biofuel feedstock production facility in the UAE, supporting the supply chain for sustainable
aviation fuel (SAF).

Launched in partnership between the Ministry of Economy and the Government Development and the Future

Office, the Future100 initiative is an annual national program introduced on World Future Day. The initiative
identifies and celebrates the top 100 startups that enhance the UAE’s readiness for the future economy,

reinforcing its status as a global hub for innovation, creativity, and talent in future industries.

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