Mubasher TV
Contact Us Advertising   العربية

MBRIF adds 11 new businesses to Accelerator programme

MBRIF adds 11 new businesses to Accelerator programme
The eleven selected companies will be added to 28 companies from around the world

UAE - Mubasher: The Mohammed bin Rashid Innovation Fund (MBRIF), a UAE federally-sponsored initiative launched by the Ministry of Finance to support innovators in the GCC nation, announced the selection of eleven local and international innovative companies to join MBRIF Accelerator programme.  

The eleven selected companies will be added to 28 companies from around the world, increasing the number of the programme’s businesses to 39 since its launch in December 2018, according to a press release on Wednesday.  

The selected UAE-based companies are Arnab, Englease.com, Farmin, Food-ATM, HoloGuide, ProvenMed, RIZEK, and Shiftling, while the other three international members are South Africa-based Excel@Uni, the US-based JustChain, and Toucan Toco from France.

The chief innovation officer MBRIF representative of the Ministry of Finance, Fatima Alnaqbi, said: “These new members have demonstrated the power of entrepreneurship that is rooted in making a positive change. In turn, they have our country’s commitment to help their businesses flourish. Furthermore, the strong presence of local UAE businesses in the Winter Cohort reflects the ever-growing entrepreneurial spirit present in our country.”

The new local and international businesses will benefit from the MBRIF Accelerator programme’s five groups of services, including Articulating Strategic Direction, Articulating and Validating Business Model, Access to Markets and Clients, Access to Funding and Finance, and Defining a People Strategy.