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12/26/2017 Ministry of Economy heads 6th meeting of Global Innovation Index Executive team

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Events Ministry of Economy heads 6th meeting of Global
Innovation Index Executive team

with Added: (Thu Dec 14 2017)

Pressbox (Press Release) - The Executive Team of the Global Innovation
Ease Index operating under the UAE National Agenda has held its sixth meeting at
the Ministry of Economy’s Dubai HQ. The session was led by H.E. Abdullah
Sultan Al Fan Al Shams, head of the team, in the presence of elite
representatives from federal and local entities that are members of the team.
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The group discussed the latest updates to the Global Innovation Index and
event available development opportunities. They also reviewed the work
methodology for the next phase which will focus on formulating policies
website, sell supporting an environment of innovation and the sustainability of the
country's competitiveness in this regard to help advance the national target
tickets and of becoming among the top 10 countries in the world by 2021.

build your The meeting emphasized the need to speed up several processes, namely
those related to the collection of expenditure data on education and scientific
social research in academic institutions and the private sector as well as data on
foreign direct investments (FDI) within the country. The growth of the UAE’s
community. imports and exports due to advanced technology and the contribution of
technology to the state’s total foreign trade was also discussed to complete
For free! related initiatives and plans.

H.E. Alshamsi said that the Executive Team is currently more focused on the
Conferize policy aspect than the monitoring and data collection process. This is to keep
abreast of international developments and to enhance the competitiveness of
the country regionally and globally in such a way that ensures the
achievement of advanced levels on the Global Innovation Index to serve the
directions of the country.

He added that there are many initiatives and steps that have been developed
recently to establish an incubating environment for innovation and creativity.
He noted that these efforts mostly focus on small- and medium-sized
enterprises (SMEs) and newly established innovative companies. Among the
most notable are the Ministry of Economy’s efforts to collaborate with
concerned entities that have members on the Global Innovation Index
Executive Team to advance the ‘Young Innovative Companies’ initiative.

The initiative provides support for fast-tracking the establishment of new
innovative businesses and enabling them to commence work as soon as
possible. It also encourages creative university students to transform their
ideas into marketable commercial projects by providing them with financing
facilities and helping them with procedures for registering patents, licenses,
trademarks and other aspects involved in establishing and doing business.

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