- The Mohammed Bin Rashid Innovation Fund announces the launch of a new edition of the Innovation Accelerator Program in collaboration with the UAE Ministry of Finance
- The latest edition of the program includes the selection of 21 startups to join the accelerator
The Mohammed Bin Rashid Innovation Fund (MBRIF) has selected 21 innovative companies to join the 11th cohort of its Innovation Accelerator Program, as part of an initiative launched four years ago in collaboration with the UAE Ministry of Finance to support the country’s innovation and entrepreneurship ecosystem.
Selected innovators receive comprehensive support, including access to an extensive network of public and private sector stakeholders, tailored mentorship aligned with each company’s needs, specialized training led by industry experts, as well as opportunities to connect with investors and strategic partners.
Program Overview
Through this integrated approach, the program aims to accelerate growth, enhance commercial readiness, and enable founders to scale their impact both within the UAE and internationally.
Fatima Yousif Al Naqbi, Assistant Undersecretary for Support Services (Acting) at the Ministry of Finance and the Ministry’s representative on the Mohammed Bin Rashid Innovation Fund, commented:
“We welcome the 11th cohort of the Innovation Accelerator Program as a step that reflects our continued commitment to empowering high-potential, ambitious innovative companies to develop solutions to real-world challenges that lie at the heart of national development priorities.”
She added:
“Through this program, we provide innovators with an integrated ecosystem that supports the expansion of their businesses locally and globally, reinforcing the UAE’s position as a global hub for innovation”.
She said:
“The diversity of this new cohort reflects the maturity of the UAE’s innovation ecosystem and the growing interest of local and international entrepreneurs in building and scaling their businesses from the country.”
Key Companies Selected
Healthcare Sector
BioTwin: An AI-powered virtual health platform enabling early disease detection and personalized healthcare.
Pharmedic: A preventive healthcare platform leveraging AI and genomics to improve medication safety.
Toothpick: An integrated digital system that streamlines procurement, financing, and operations for medical clinics.
Neulink: A platform digitizing pharmacy operations and regulatory compliance workflows.
Disrupt-X: Provides AI- and IoT-enabled solutions for smart asset and facility management.
Synergy Quantum: Specializes in secure quantum-based infrastructure to protect critical systems.
Digital and Technology Sector
Bellboy: An AI-powered communications platform tailored for the hospitality and tourism sector.
SLZ: Delivers digital twin and augmented reality solutions for the construction and manufacturing industries.
Qode Limited: A unified digital platform for managing sports, entertainment destinations, and venues.
CapQuest: Simplifies equity ownership management for startups and SMEs.
Defy: An advanced AI-driven compliance and cybersecurity platform designed for Web3 companies.
AkelTech: Provides fresh meals through AI-powered smart vending technologies.
Actualize: An AI-powered platform that automates customer interactions across multiple channels.
Professional.me: A next-generation recruitment platform that transforms traditional CVs into interactive digital profiles to enhance employability.
Digitech Oasis: Develops AI- and autonomous robotics-based solutions to automate enterprise operations.
ROBOX: Specializes in smart robotic solutions for interactive brand and event experiences.
Terra Grow: Offers sustainable hydroponic farming technologies powered by AI.
ReflowX: A circular procurement marketplace enabling the reuse of surplus equipment in the energy sector.
Palmear: An AI-powered solution that analyzes biological sounds for early detection of palm tree pests.
Smartail: An AI-driven education platform that automates student assessments and grading.
Third Body Dynamics: A UAE-based startup developing AI-enabled modular satellite systems for rapid space missions.
About the Program
Following ten successful cohorts, the Innovation Accelerator Program continues to strengthen its position as a key driver of the UAE’s innovation ecosystem. Since its launch, the program has supported nearly 200 innovative companies, helping them secure total funding exceeding AED 1 billion.
The program has also contributed to the creation of more than 1,000 jobs across the country, in line with national priorities focused on economic diversification, competitiveness, and sustainable growth.
Launched in 2018, the Innovation Accelerator Program was designed to empower high-potential innovative companies by equipping them with the tools, knowledge, and expertise required to scale and succeed.
