Page 214 - MOE ENGLISH PR REPORT - JANUARY 2024

1/25/24, 8:44 AM Ministry of Economy unveils two new projects in the field of IP and entrepreneurship to support financing of intangible assets and i…

Ministry of Economy unveils two new projects

in the field of IP and entrepreneurship to

support financing of intangible assets and

increase patent registrations in the country

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2024-01-24 08:27:15

(MENAFN- Orient Planet Group) Abu Dhabi, 24 January 2024:
The Ministry of Economy unveiled two new initiatives in the Intellectual Property (IP) and
entrepreneurship sectors, strengthening the UAE’s efforts to develop the IP and innovation
landscape and stimulate the growth of startups and SMEs in the country. The first one is the
establishment of an ‘Intangible assets finance committee’ with the aim of providing
necessary financial support and financing to SMEs and startups. The second project named
‘Patent Incubator’ is designed to provide a more encouraging and supportive environment for
intellectuals and talents in the country.

The announcement was made during an event organized by the Ministry, in the presence of
H.E. Dr. Abdulrahman Hassan Al Muaini, Assistant Undersecretary of the Ministry of
Economy for the Intellectual Property Sector, representatives of several federal and local
government entities and the private sector in the country. More than 150 participants,

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