UAE ADGM and UAE University to launch startup accelerator program

The Abu Dhabi Global Market (ADGM) Registration Authority (RA) and United Arab Emirates University (UAEU) represented by UAEU Science and Innovation Park (UAEU SIP) have entered into a Memorandum of Understanding (MoU) with an aim of developing the UAE’s entrepreneurial ecosystem through joint-branded initiatives. The MoU was signed by Dhaher bin Dhaher Al Mheiri, Chief Executive Officer of the ADGM Registration Authority, and Professor Nihel Chabrak, Chief Executive Officer of the UAEU Science and Innovation Park.

The ADGM RA and UAEU SIP will collaborate to establish an accelerator programme within ADGM that will welcome start-ups fostered and grown under the umbrella of the UAEU Science and Innovation Park, through which support will be provided to these start-ups on ventures within their focus fields. Through the agreement, the ADGM RA and UAEU SIP will work alongside one another to develop co-branded initiatives and engage in the exchange of insights to develop growth opportunities for entrepreneurs across the UAE.    

Commenting on the agreement, Dhaher bin Dhaher Al Mheiri, CEO of the ADGM Registration Authority, said: “We’re pleased to be partnering with UAEU, a longstanding prestigious academic institution, to continue ADGM’s ongoing efforts in fostering the UAE’s entrepreneurial ecosystem and providing start-ups with valuable growth opportunities. ADGM’s work in this field is expansive, covering multiple engagements, such as its partnership with Plug and Play, its role in the launch of Hub71, as well as flagship initiatives that aim to scout and nurture the next generation of entrepreneurs, such as FinTech Abu Dhabi. Our efforts will aim to contribute to the UAE’s thriving start-up ecosystem, which features a number of initiatives pioneered by ADGM’s partners, including Mubadala, the Abu Dhabi Investment Office, the Abu Dhabi Investment Authority and the Department of Health. Having forged this newfound relationship with UAEU, we look to provide their respective start-ups with the necessary advisory, insights and tools to grow their businesses. This partnership will only further reinforce our efforts in positioning the UAE as a foremost destination for eager entrepreneurs looking to scale their operations and expand their presence across the MENA region.