Page 198 - Ministry of Economy - December 2017

12/26/2017 UAE MoE and Abu Dhabi DED announce launch of TIP platform | CPI Financial | CPI Financial News | Banking and Financial News,Islamic Bu…
Al Mansouri said, the Ministry of Economy and the Department of Economic Development–Abu Dhabi sets key
priorities around economic diversification and sustainable development, and as a key focus aim build and develop
an integrated economic system that interacts with targeted sectors locally and internationally, further developing
capacities in the fields of technology and innovation.
He added, the UAE has come a long way in providing a supportive legislative environment which promotes and
develop entrepreneurship in the field of technology and innovation, In addition to having many specialised institutions
which embrace such projects in order to attract entrepreneurs and investors in the field of technology and innovation.

The Minister pointed out that providing platforms to train qualified staff and connecting main sectors with educational
institutions and fund organisations that are interested in the field of technology and innovation is one the main factors
to enhance the UAE’s vision in these fields, and further enhances the country’s Global Innovation index.

“The Department of Economic Development Abu Dhabi is committed to supporting the country’s strategic economic
initiatives aimed at building an integrated economic system, and we are especially focused on leading Abu Dhabi’s
economic agenda to further enhance its GDP through a knowledge-based economy, with a key focus on technology
and innovation as a catalyst for future economic growth, said Al Hajeri.

Al Hajeri added that launching TIP aims to encourage a technology and innovation community in the UAE and
promote establishing small and medium-size companies, and will be focused on supporting the development of a
complete innovation ecosystem.
Alshihy emphasised that the esteemed leadership is focused on encouraging and supporting technology and
innovation pioneers, to support the vision of the Patent Office; its strategic goals; and its vital role in serving the
UAE’s Global Innovation Index, and place the UAE amongst the most innovative countries worldwide in the coming
years.

He further added that the Ministry of Economy works closely with all local governments in the country to implement
the economic agenda especially in regard to the accelerators of technology and innovation in order to create a
sustainable and diverse economy based on knowledge and innovation.

The Ministry of Economy places great focus on research and development in the fields of science, technology and
innovation as they are considered key drivers to achieving advanced economic development and social progress for
a nation.

“This strategic partnership with the Ministry of Economy, signifies our joint commitment towards developing and
fostering a greater technological and Innovation community in the UAE, that will nurture the local economy. The
UAE, and The Government of Abu Dhabi place great emphasis on the important role that technology and innovation
play in supporting the local economy, and are focused on encouraging and enabling entrepreneurs, innovators and
start-up firms in these fields, through the Takamul programme, led by the Department of Economic Development –
Abu Dhabi,” said Al-Mansouri.

He added that TIP will create an engine to drive the UAE economy in the fields of technology and innovation, by
providing a platform to link all innovators, pioneers, vital sectors and related services that will foster and drive an
innovative value-added ecosystem and community. Through the Takamul programme, two hundred and thirty-four
innovation patents have been registered till date, in cooperation with the Ministry of Economy and other partners.

“We are currently in the progress of finalising an awards system around this focusing on innovation and technology,
to act as an accelerator to certain key initiatives, and will further motive and encourage innovation pioneers and
inventors to create and innovate on key matters that will support economic development in the UAE, enhance
productivity and reduce costs through innovation, and increase the UAE’s contribution to the Global Innovation
Index,” said Al Mansouri in conclusion.

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