The Mohammed bin Rashid Innovation Fund (MBRIF) is an AED 2 billion initiative from Ministry of Finance (MoF), established to bolster the innovation ecosystem and provide assistance to innovators with an aim to create a positive impact on the economy of the UAE.

Objective of MBRIF

The objective of MBRIF is to support:

1. the UAE Innovation Strategy and achieve the UAE’s vision to be amongst the most innovative countries internationally
2. innovative solutions with the potential to contribute to UAE’s economy
3. innovators from all sectors with focus on the UAE Innovation Strategy’s priority sectors
4. the UAE-based innovators or those who are looking to build their presence in the UAE
5. innovation with strong market commercialisation potential.

Guarantee scheme

Guarantee scheme is a programme enabling access to affordable debt finance for innovative growth stage companies that have the potential to contribute to UAE’s economic development and diversification. Access to finance support is provided in the form of government-backed credit guarantees without diluting equity. This programme enables UAE to be a launch pad for innovators, and attracting and localising their innovations. 

Innovation accelerator

The Innovation accelerator programme provides non-financial support to high potential innovators from across the globe to thrive in the UAE and beyond. The programme identifies, equips and provides bespoke services to the innovators to thrive as per the needs of the ecosystem through the programme’s unique member-centric design, customised services, and unparalleled access to coaches and industry experts to enable making a tangible positive impact towards the UAE’s economy.