UAE’s MBRIF hosted first-ever ‘Investor Demo Day’ to foster innovation

By Ashika Rajan, Trainee Reporter
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The Mohammed Bin Rashid Innovation Fund (MBRIF), an initiative launched by the UAE Ministry of Finance to foster innovation in the country, has hosted its first-ever “Investor Demo Day” for the current cohort of the Innovation Accelerator Program.

The Demo Day served as a platform for MBRIF members, representing several priority industries including, healthTech, real estate, finTech, agriTech, data storage, eCommerce, cleanTech, and artificial intelligence, to showcase their innovation and expertise.

The Demo Day attracted over 42 local, regional, and international investors, as well as over 50 interested partners and collaborators, where the members pitch their unique business model to highlight how their product is positioned to disrupt and progress the UAE market.

Networking breakout sessions followed the demos, interested investors talked with members to learn more about their proposals.

Ms. Fatima Al Naqbi, Chief Innovation Officer at the Ministry of Finance, and official representative of the MBRIF remarked that “we are extremely proud of our cohort of innovators and the high-quality solutions they have brought forward to strengthen UAE’s position as a leading innovation hub. The MBRIF Accelerator Program is here to equip our members with the tools they need to grow and connect with the right corporate partners, helping them realize their commercial and expansion plans.”

The thirteen MBRIF members who presented include, Aitrics and P4ML from the healthcare sector; Mobsting an on-demand video crowdsourcing application; Northladder an auction driven second-hand marketplace; Alesca Life Technologies, farming solutions, and turnkey indoor vertical farms company; Ajar, a real-estate digital bank; Colosseum, a live interactive game streaming platform; let’s work, a shared workspace provider; Shorages an eCommerce warehousing and fulfillment services provider; Giisty a short peer-reviewed audio and video messages creator; Widebot an AI Chatbot platform; Hotel Data Cloud a B2B hotel content distributor; and Wahaj Solar a concentrated solar power provider.

Over the years, the MBRIF Accelerator program has significantly contributed towards bolstering the innovation ecosystem in the UAE. Since its debut in December 2018, the Accelerator has brought together innovators from a variety of industries of the economy, including technology, healthcare, education, transportation, clean energy, water, and space.

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