Information

The Mohammed Bin Rashid Innovation Fund (MBRIF) is an initiative by the UAE Ministry of Finance that provides support to innovative businesses and entrepreneurs. MBRIF offers two main programs: the Guarantee Scheme and the Innovation Accelerator. The Guarantee Scheme helps innovative businesses secure funding by providing a government-backed guarantee to financial institutions. The Innovation Accelerator supports entrepreneurs by offering tailored mentorship, business development services, access to a global network of experts, and market access opportunities. Entrepreneurs benefit from these programs through enhanced credibility, financial support, and strategic guidance, enabling them to scale their businesses and achieve sustainable growth.

How to Apply

To apply for the MBRIF programs, interested entrepreneurs need to visit the official MBRIF website and navigate to the 'Apply' section. There, they can find detailed information on eligibility criteria, required documentation, and the application process. Applicants typically need to submit a comprehensive business plan, financial projections, and details about their innovation. The application process may involve multiple stages, including initial screening, interviews, and due diligence. Successful applicants will be notified and invited to join the relevant program.

Total number of startups invested: 11

Average Funding: The average funding/deal varies based on the specific needs and potential of each startup, as determined by the MBRIF assessment process.

Industry: The MBRIF focuses on supporting innovation across a wide range of industries including technology, healthcare, education, renewable energy, and more.

Market: United Arab Emirates