MBRIF members have secured more than AED2.8 billion in financing and played a role in the creation of over 800 jobs in the UAE
The UAE Ministry of Finance’s Mohammed Bin Rashid Innovation Fund (MBRIF) has officially inaugurated its headquarters in the Dubai World Trade Center area, marking the beginning of a new phase focused on accelerating government innovation, knowledge-sharing, and collaboration among entrepreneurs, innovators and strategic partners.
During the launch, guests experienced live showcases demonstrating the real-world impact of MBRIF’s support on its members and explored future-forward innovation pathways aligned with the UAE’s advanced National Innovation Strategy.
“The launch of MBRIF’s new headquarters is a qualitative leap in strengthening the institutional infrastructure that supports the UAE’s innovation ecosystem. It reflects our commitment to translating strategic plans into tangible initiatives that accelerate sustainable economic development. The new space is designed to be an integrated platform that brings together innovators, investors and experts in an environment conducive to pioneering future-ready solutions,” said Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs.
Since its inception, the Mohammed Bin Rashid Innovation Fund has received applications from innovators in 89 countries, drawn to the UAE’s inspiring and opportunity-rich environment. The fund has supported over 170 innovative startups, providing access to funding, mentorship and business development.
To date, it has also issued government-backed guarantees exceeding AED43 million to help members scale their ventures. As a result, MBRIF members have secured more than AED2.8 billion in financing and played a role in the creation of over 800 jobs in the UAE, supporting national development and talent investment.
“Innovation is no longer an optional development tool — it is a strategic imperative for boosting the competitiveness of our national economy. Through this fund, we are working to empower entrepreneurs and innovators by equipping them with the tools and resources to transform their ideas into scalable business models, reinforcing the UAE’s position as a global innovation hub,” added Al Hussaini.
Located at One Central – Dubai World Trade Center, the new headquarters offers flexible co-working spaces for participants in the Fund’s flagship programs — the Innovation Accelerator and the Guarantee Scheme. The facility fosters direct engagement between innovators, experts and investors.
It also includes event and workshop spaces and is equipped with immersive digital features such as holographic technology and interactive displays, offering visitors a comprehensive experience of the Mohammed Bin Rashid Innovation Fund’s mission and impact across various economic sectors.
Delivering remarks at the event, Younis Haji AlKhoori, Undersecretary of the Ministry of Finance, affirmed the UAE’s commitment to cementing its role as a global hub for innovation. “Our wise leadership has set clear objectives to create an enabling environment for innovation through the right regulatory frameworks, comprehensive support services, robust infrastructure and investment access. The Mohammed Bin Rashid Innovation Fund plays a vital role in realizing this vision by fostering a strong ecosystem for high-growth startups and contributing to job creation in the UAE,” he added.
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The event marked the beginning of a new chapter that reaffirms innovation as a strategic pillar and a key driver in shaping government policies and services. The new space serves as a comprehensive platform that connects promising talents, bold ideas and investment opportunities, strengthening the UAE’s ability to anticipate the future and build a resilient, knowledge-based and diversified economy.
The launch of the Mohammed Bin Rashid Innovation Fund’s new headquarters aligns with a broader vision to deepen partnerships with the private sector and expand the scope of innovation across vital industries. It empowers entrepreneurs and startups through an integrated ecosystem that offers smart infrastructure, sustainable financing and robust institutional networks.
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