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1/25/24, 8:44 AM Ministry of Economy unveils two new projects in the field of IP and entrepreneurship - Middle East News 247

Ministry of Economy unveils two new

projects in the field of IP and

entrepreneurship

By Middle East News 247 January 24, 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

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