Ministry of Economy unveils two new projects

Ministry of Economy unveils two new projects

- Launch held in the presence of more than 150 participants including representatives from a number of federal and local government entities

Abu Dhabi:

The Ministry of Economy unveiled two new initiatives in the Intellectual Property (IP) and entrepreneurship sectors, strengthening the UAE’s efforts to develop the IP and innovation landscape and stimulate the growth of startups and SMEs in the country. The first one is the establishment of an ‘Intangible assets finance committee’ with the aim of providing necessary financial support and financing to SMEs and startups. The second project named ‘Patent Incubator’ is designed to provide a more encouraging and supportive environment for intellectuals and talents in the country.

The announcement was made during an event organized by the Ministry, in the presence of H.E. Dr. Abdulrahman Hassan Al Muaini, Assistant Undersecretary of the Ministry of Economy for the Intellectual Property Sector, representatives of several federal and local government entities and the private sector in the country. More than 150 participants, including those from the Ministry of Industry and Advanced Technology and the Abu Dhabi Department of Economic Development, Abu Dhabi Executive Office, Ajman Department of Economic Development, Advanced Technology Research Council (ATRC), Civil Defense-Dubai, and Dubai Customs attended the event.

H.E.