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26-11-15
Dubai fund to finance new projects with USD 0.54mn
(MENAFN) The ruler of Dubai, His Highness Mohammad Bin Rashid Al Maktoum, established a new project to finance Innovation with USD 0.54mn.
Moreover; the fund is made to give financing solutions for reformers through different sectors within the UAE, and help them to change ideas into innovative projects.
Additionally, the program was established in order to improve funding chances in areas of innovation, by giving rational funding to business innovators and assuring access to commercial loans.
"This pioneering innovation initiative goes hand-in-hand with the vision of our wise leadership to enhance the innovation approach," stated Minister of Finance.
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