Al Watan Fund launches “Our Future” initiative to establish UAE national companies

Jun

18

2017

Our Future is the first initiative to support building a sustainable knowledge economy for future generations.
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Al Watan Fund , the community initiative of a group of Emirati businessmen, aimed at supporting sustainable development and the vision of leadership in post-oil preparedness, today announced the launch of our Future initiative to be the first initiatives to support building a sustainable knowledge economy for future generations.

“The importance of this initiative is to focus on the development of innovative and unprecedented technologies that contribute to building a sustainable knowledge economy by embracing innovative and unprecedented ideas, transforming them into real projects, and helping them to reach Advanced levels of global competitiveness in attracting investments. ” The initiative will also focus on creating UAE-based companies such as Google, Tesla and other companies.

“It embodies the vision of HH Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to prepare for the post-oil phase and will be implemented in stages that are integrated and carefully studied, which will eventually lead to the creation of a new generation of highly competitive UAE companies. Which supports the building of a future economy and sustainable growth at all levels, and in various vital sectors of strategic importance. ”

“Our future initiative is a cornerstone for establishing global companies of innovative and unprecedented ideas and projects that are solutions to the challenges facing society in the future. This initiative will cover all stages of establishing and developing companies, from the generation of ideas through the stage,” said Mohammed Taj Al Din Al Qadi, General Manager of Al Watan Fund. To transform ideas into ground-based projects to strengthen their leadership position at the local and regional levels, and to lay solid foundations for sustained growth, growth and increased competitiveness globally. ”

3 key stages for a new generation of global companies

The Future initiative aims to stimulate the applied research sector to generate ideas and contribute to the increase of patents in vital sectors, including aviation, aerospace, water, and the genome in partnership with the private sector. Developing companies, spreading research culture and activating partnerships between the private sector and academic institutions. By the end of this year, the fund will provide $ 4 million in funding for each sector over three years.

The initiative will focus on attracting and attracting ideas through the implementation of information campaigns aimed at all members of society through various means, including recommendations from similar partners and competitions. The idea will be chosen based on its strength, creativity, social impact and teamwork. Develop, and provide guidance and direction.

Al Watan Fund, in cooperation with a number of strategic partners, will provide innovative programs to market these ideas and projects. As a first phase, the Fund will launch programs that will contribute to enhancing skills through three innovation centers, the first of which will be launched in 2018. The innovation centers will provide different areas of the UAE and will provide financial, administrative and financial support for these projects. Entrepreneurs will also be trained in entrepreneurship, planning, marketing and design, and help them introduce their products.

The initiative will also accelerate the work. The Fund will provide expertise for the projects and will promote them in cooperation with the Khalifa Fund within the initiative of “Pioneers of the Palace”, which aims to showcase the most important projects during a special event held in October this year. The Fund will also sharpen the skills of project managers to overcome key challenges through a program that includes plans to overcome them and transform them into opportunities to support their growth. The Fund will also promote investment opportunities by providing entrepreneurs with the opportunity to present their ideas to businessmen, investors, mentors and specialists for their views and financial support to accelerate the growth of their projects.

Support 20 innovative projects emerging by 2020

Through the initiative, Al Watan Fund will work to provide the appropriate environment that will stimulate innovation and contribute to the creative potential of creating projects that have a positive impact on the society and the march of the country’s progress, growth and prosperity by supporting 20 innovative projects in the vital sectors until 2020 through centers Innovation that will follow the Fund, so as to enhance the growth opportunities of the contribution of the knowledge economy to GDP. Our Future initiative will focus on unprecedented projects and technologies in several sectors, including education, environment and energy, health, transport and communications, space and technology

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