Page 199 - 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…
The agreement between the Ministry of Economy and the Department of Economic Development – Abu Dhabi, will
see both parties work closely together to achieve outlined objectives and build a dedicated platform for technology
innovation pioneers, which will include specialised sub-platforms , such as a platform to fund emerging projects,
another to highlight challenges and constraints facing economic sectors and government organisations in the field of
innovation and technology; in addition to a platform to attract inventors and emerging companies both locally and
internationally, as well as the TIP awards programme and award ceremony, and other related aspects that will
expand in time where jointly agreed on.

With the objective of creating an innovators ecosystem, The TIP platform will provide services to support a
technology and innovation-centric environment and community, clustering and linking innovators, manufactories,
universities and other related organisations to enable this ecosystem.
The agreement specifies that the Department of Economic Development–Abu Dhabi will be in charge of regulating
and managing TIP and its services including the award, as well as managing the financial, regulatory, creative, and
media affairs, in addition to assessing all challenges and solutions related to the success of the TIP.

TIP is the first comprehensive platform in the region which enables interaction between targeted sectors, innovators,
universities, innovator centres, firms of small and medium sizes, and funding bodies in the field of technology, within
an obvious business system.

TIP also aims to support and accelerate key aspects of both the Emirate's Vision 2021, and the Emirate of Abu
Dhabi's Economic Vision 2030, and the National Strategy for Innovation, as well as activating the collaboration
between all targeted within the innovation and economic system of the state such as economic and industrial
sectors, government institutions and semi-government, investors, universities, small and medium enterprises, start-
up companies and funders, and to connect with similar international initiatives and platforms to attract small and
start-up firms to use modern technology in the UAE.

The first focus to be run by TIP will be in the field of health care is being launched soon, in partnership with the
Department of Health Abu Dhabi. Other focused initiatives under TIP will follow in the near future, in collaboration
with other key partners who play a vital role in supporting the economic agenda and national strategy of innovation.

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