MBZUAI and OurCrowd Arabia sign MoU to drive funding for AI startups and research

MBZUAI and OurCrowd Arabia sign MoU to drive funding for AI startups and research

Abu Dhabi, United Arab Emirates: Abu Dhabi’s Mohamed bin Zayed University of Artificial Intelligence (MBZUAI) and OurCrowd Arabia, the Abu Dhabi based subsidiary of Israel’s OurCrowd, announced the signing of a Memorandum of Understanding (MoU) to jointly create and manage several initiatives aiming to accelerate and catalyze the growth of the AI technology ecosystem on the university’s campus in Masdar City, Abu Dhabi.

The MoU outlines various initiatives including:

- Creating an AI-focused venture capital investment fund with the aim of attracting both local and global AI technology companies to scale up globally from Abu Dhabi.

- Developing a strategic collaboration between MBZUAI and Integrated Data Intelligence (IDI) Limited, OurCrowd’s AI subsidiary in Abu Dhabi, on research projects in applied AI technologies across industries.

- Enhancing Abu Dhabi’s AI innovation ecosystem via strategic partnerships with key government and government-related entities.

- Providing internship and job opportunities to MBZUAI graduates through OurCrowd’s vast global network of portfolio technology startup companies and industry partners.

Sultan Al Hajji, MBZUAI’s Vice President of Public Affairs and Alumni Relations, said, “Part of MBZUAI’s existence is to foster entrepreneurship and this partnership creates a mechanism for incubating startups and creating local opportunities for the university’s pipeline of talent. Through this strategic partnership