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Gulf Press > Uncategorized > Dubai unveils new initiative to finance and nurture research, development, and innovation
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Dubai unveils new initiative to finance and nurture research, development, and innovation

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Last updated: 2024/09/15 at 11:45 AM
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The Dubai Research, Development, and Innovation (RDI) Program recently received a significant boost with the announcement of a new initiative by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum. This initiative aims to fund and support research, development, and innovation in Dubai. Sheikh Hamdan emphasized the importance of research and development, stating that they are fundamental to the success of cities, nations, and economies. The vision is for Dubai to become one of the world’s top cities in supporting researchers and scientists by providing necessary funding, infrastructure, and regulatory frameworks.

The new initiative will provide grants and resources to bring groundbreaking projects and ambitious ideas to life in Dubai. The expectation is that academics, researchers, national and international universities, and research institutions from the UAE and around the world will make outstanding contributions. The Dubai RDI Program outlines the emirate’s top priorities in research, development, and innovation, regulating projects, initiatives, legislations, funding, and investment in this area. It aims to increase domestic spending on such projects and engage the private sector in launching and funding R&D projects.

The programme aligns with Dubai’s future vision to create knowledge and innovation-driven solutions for significant local and global challenges. It also aims to increase the productivity of existing sectors by providing new paths to enhance their economic value. Furthermore, the Program identifies radical changes and ways to address them, enhancing the emirate’s readiness to accommodate new sectors that have the potential to boost Dubai’s economic resilience. Overall, the initiative seeks to position Dubai as a hub for research, development, and innovation, attracting top talent and fostering a culture of creativity and progress in the city.

By supporting researchers, scientists, and academics, the Dubai RDI Program hopes to drive progress in the research field and contribute to advancements in various industries. With a focus on funding, infrastructure, and regulatory frameworks, the initiative aims to create a conducive environment for innovation and growth. The involvement of national and international universities, research institutions, and the private sector is expected to bring diverse perspectives and expertise to Dubai’s research landscape, leading to impactful breakthroughs and solutions to complex challenges.

In conclusion, the new initiative announced by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum reflects Dubai’s commitment to becoming a global leader in research, development, and innovation. By providing grants, resources, and regulatory frameworks, the Dubai RDI Program aims to support groundbreaking projects and ambitious ideas, driving progress in various sectors. With a focus on increasing domestic spending, engaging the private sector, and addressing significant challenges, the initiative sets the stage for Dubai to be at the forefront of innovation and knowledge creation.

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News Room September 15, 2024
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