Abu Dhabi launches tech fund for developing countries

Abu Dhabi launches tech fund for developing countries

Abu Dhabi has launched a $200 million tech investment platform that it hopes will help developing countries catch up with wealthier nations. The emirate’s Advanced Technology Research Council (ATRC), which unveiled the initiative at the World Government Summit in Dubai, will fund “resource and research costs” in six sectors, transport, healthcare, aerospace and space, food […]

ATRC invites applications

Resource and research funding

Aim to ‘bridge technology gaps’

Abu Dhabi has launched a $200 million tech investment platform that it hopes will help developing countries catch up with wealthier nations.

The emirate’s Advanced Technology Research Council (ATRC), which unveiled the initiative at the World Government Summit in Dubai, will fund “resource and research costs” in six sectors, transport, healthcare, aerospace and space, food and agriculture, safety and security, and sustainability, environment and energy.

Public and private institutions worldwide can apply for funding from the ATRC Global Tech R&D Platform, which aims to “bridge technology gaps” and enable countries to “keep pace with the latest advancements”, according to a statement announcing its launch.

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“Our commitment is to empower every nation with the means to