Page 30 - Ministry of Economy - December 2017

12/26/2017 UAE- Ministry of Economy heads 6th meeting of Global Innovation Index Executive team | MENAFN.COM
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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