Mubadala and"Antler" and"Hep 71" It launches a program to convert university research into commercial projects

Abu Dhabi, September 9 / WAM / Mubadala Investment Company “Mubadala” announced, in partnership with “Inner” and “HAB 71”, the launch of the “National Program for founders”; It is a strategic initiative for research projects for a period of six weeks, with the aim of converting leading university research into startups and commercial projects, in line with the needs of the business sectors.

This initiative is an extension of Mubadala investment in “Inteler”, and embodies its commitment to support the innovation system in the UAE.

Under this partnership, “Inner” will supervise the early stages of the program, which focuses on launching ideas, verifying the feasibility of projects, and developing the work of the founders; While “HAB 71” will do; The technology system that includes emerging companies, investors, and founders ’business leaders and government agencies with future orientations, by hosting the program and playing the role of the platform that is concerned with expanding its scope, and linking academic research to the technology and broader investment system in Abu Dhabi.

Participants in this program will benefit in an organized manner from the network of “HAB 71” system of guides, specialized experts and strategic partners. Participants will also obtain services for founders such as multiple privileges, organizational support and opportunities to benefit from markets and designed to accelerate the growth of emerging projects in their early stages. Through her experience in operating programs that focus on founders and support startups in 24 sectors, “HAB 71” will provide specially designed workshops aimed at supporting the foundation stage, and enhancing relations with investors in a way that helps to engage in the innovation system in Abu Dhabi.

Ali Al -Muhairi, Executive Director of the Various Investment Unit in the investment sector in the UAE in Mubadala, said that the company is keen to lead innovation efforts, so through this program it is working to convert distinguished academic research and high potentials into developmentable commercial projects, which reflects its broader commitment to work to enhance investment prospects in the UAE by embracing new and innovative sectors, which enhance the Abu Dhabi economy based on Knowledge, and has a positive impact on society. He added: “We look forward to combining university circles, project owners and the industrial sector within one national framework, to create a system that works as a strong engine for economic growth, developing cadres and achieving long -term value.”

For his part, Roman Asonsu, the administrative partner of the Inner company in the Middle East and North Africa region, Afghanistan and Pakistan, said that Abu Dhabi has a prominent position that qualifies it to become a regional center for research -based innovation, and that this program reflects a joint commitment to linking cadres and talents arising with companies and infrastructure that helps them achieve success.

In turn, Ahmed Ali Alwan, CEO of “HAB 71” platform, said that enabling the national cadres and talents to convert ideas into technical projects that can be developed is extremely important for the growth of local startups in Abu Dhabi.

He added that “HAB 71” will provide, through this partnership, for the participants the possibility of direct benefit from the means, tools, experiences and networks necessary to build and expand their projects, and that the program confirms the platform’s commitment to enhance Abu Dhabi’s position as a leading destination for entrepreneurship and innovation.

This program targets promising research cadres from the leading Abu Dhabi universities. Where the participants who will be chosen will have the opportunity to join a carefully designed curriculum that includes workshops, training and gain experience in specific areas, in addition to communicating with the extensive global networks of Mablab, “Interler” and “HAB 71”.

The program focuses on institutional cooperation, which pave the way for emerging companies to partnership with firm companies in the areas of primary experiences, joint development, and benefit from infrastructure and strategic support.

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