The MBRIF is a federal initiative by the UAE Ministry of Finance. The initiative seeks to identify and nurture high potential innovations both within the UAE and abroad. It aims to enhance growth potential of innovative businesses and shape the future of the UAE’s economy. Currently, the MBRIF consists of two programs, these are:
• The Guarantee Scheme (launched in 2016) – Financial Services
• The Accelerator (launched in 2018) – Non-Financial Services
The MBRIF focuses on the seven sectors of the UAE National Innovation Strategy: Technology, Education, Water, Transport, Clean Energy, Health and Space.