Vision 2021 is the inspiration behind the UAE's advancement in the field of science and technology. It aims to make the UAE among the best countries in the world by the golden jubilee of the Union in 2021.
Vision 2021 under its pillar 'United in Knowledge' states: Innovation, research, science and technology will form the pillars of a knowledge-based, highly productive and competitive economy, driven by entrepreneurs in a business-friendly environment where public and private sectors form effective partnerships. We want the UAE to transform its economy into a model where growth is driven by knowledge and innovation. Productivity and competitiveness will come to rival the best in the world, as a result of investment in science, technology, research and development throughout the fabric of the UAE economy.
Science, Technology & Innovation Policy
The Science, Technology and Innovation Policy is a strategic decision for the UAE that aims to change the national economy equation to drive it away from depending on limited oil resources. This policy aims to foster sustainable innovation based on science and technology, in an attempt to build a true knowledge-based economy. Focusing on science and technology will help the UAE leapfrog to achieve its global ambition and vision for the year 2021.
Sheikh Mohammed bin Rashid Al Maktoum Fund to Finance Innovation
In November 2015, Sheikh Mohammed launched the fund to finance innovation with a value of AED2 billion. This is a federal initiative designed to provide financing solutions for innovators across various sectors in the UAE. Innovators could be individuals and companies registered in the country. Innovation could be an idea, a technique, a process, a product or a service.
The objective of the fund is to:
- Support National Innovation Strategy and achieve the UAE’s developmental vision to be amongst the 10 most innovative countries internationally by 2021
- Provide financing solutions and the necessary guarantees to innovative entrepreneurs in order to facilitate their access to business loans to finance their projects and help them turn their ideas into actual projects
- Contribute to establishing a supportive environment for innovation in collaboration with financial institutions and funding entities such as commercial banks, investment funds and family businesses among others.
Priority will go to renewable energy, transport, education, health, technology, water and space sectors, and applicants must provide a business development plan to be eligible for funding.
The fund is managed by Ministry of Finance, in collaboration with local banks and various investment entities.
In an effort to promote science, technology and research among UAE youth and Arab world, Dubai Future Foundation launched its Mostaqbal (future) Portal.
Arabic readers will have access to the latest technological and scientific news in simplified terms.The platform will publish studies, articles, visual materials and infographics in areas such as space science, health, artificial intelligence, and virtual reality in easy Arabic terms.
The initiative aims to support scientific content presented in Arabic, especially in areas that have long faced a shortage of content for Arab readers and researchers.
The Ministry of Education, Dubai Smart Government, Al Bayan newspaper and Sky News Arabia will publish the portal’s content after signing agreements with the Foundation.
The initiative will support innovation and scientific research process in the Arab world as this portal will serve as a unique content source for regional scientific and technical specialists.
The Arabic content of the portal is available on www.mostaqbal.ae and English content on futurism.com.
Sourced from the National newspaper.
Popular Science Arabia Magazine
H. H. Sheikh Mohammed bin Rashid, Vice-President and Prime Minister of the UAE and Ruler of Dubai launched the first edition of Popular Science Arabia Magazine, urging the Arab youth to evolve, adapt and learn to keep pace with a transforming world and restore Arab’s cultural superiority. The launch is an effort to embrace the global revolution of knowledge and contribute to scientific disciplines in line with UAE Vision 2021.
Sheikh Mohammed mentioned that the Arabic language is capable to adapt to the modern sciences and discoveries, and can create superior technical terms that better represent modern inventions and developments. He called upon the Arab youth to seize and create new opportunities for knowledge and invention.
Founded in 1872 in the United States, Popular Science targets an audience of non-expert science and technology enthusiasts. The magazine publishes articles by successful world-famous scientists and pioneers in science and technology.
For more information:
Mohammed bin Rashid Centre for Accelerated Research
Mohammed bin Rashid Centre for Accelerated Research (MBRCAR) is a global platform launched by Dubai Future Foundation to attract the best minds from all over the world to innovate new opportunities through advanced scientific researches that are supported by the internet.
The centre adopts a new concept based on participatory and open research between scientists around the world and facilitates transparent grants for best researchers which will accelerate scientific financing process and allows researchers to focus on challenges of the 21st century.
The centre aims to achieve:
- 10 times faster scientific research
- cut scientific research costs by 70 per cent
- accelerate scientific research by 50 per cent.
The researches will cover more than 50 topics in different scientific fields. The first project that will be tackled is the Mohammed bin Rashid Global Space Challenge. The challenge includes a financial grant for a research community of 3,000 scientists to carry out new research in the field of space science and technology.
The project supports the UAE’s space-related initiatives, including UAE Mars City and the Mars 2117 project. MBRCAR will publish the findings of all its researches for academic and research communities around the world.
Updated on 24 Jan 2018