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Masdar City launches programme to accelerate sustainable technologies
The year-long programme will provide participating small- and mid-size enterprises with a platform to nurture their sustainable innovations and opportunities to engage with potential investors.
Masdar City in Abu Dhabi has announced a global initiative that seeks to identify and nurture the next generation of sustainable technologies.
The Innovate initiative will focus on the areas of urban mobility, clean energy, water, energy storage, artificial intelligence (AI) and agritech and food security.
Sustainable innovations
The year-long programme will provide participating small- and mid-size enterprises (SMEs) with a platform to nurture their sustainable innovations and opportunities to engage with potential investors. The companies will also have an opportunity to expand or move their operations to Masdar City Free Zone.
“By investing in Abu Dhabi’s innovation ecosystem, this initiative will further support the development of pioneering technologies around key green transition sectors such as clean energy, AI, water and other Fourth Industrial Revolution sectors,” said Abdulla Balalaa, executive director, Masdar City.
“Companies will benefit from the support provided by Masdar City in helping them grow their businesses in the UAE and wider region, while also making a positive contribution to the UAE’s sustainable economic development.”
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As part of the programme, Innovate has also partnered with Abu Dhabi Sustainability Week (ADSW), which runs 15-19 January 2022 and is one of the world’s largest sustainability gatherings, to host the Innovate hub at the World Future Energy Summit, which will showcase leading solutions and facilitate networking opportunities with potential investors.
During ADSW 2022, Innovate plans also to host a virtual forum to lead discussions and identify how early-stage technologies can be accelerated.
“Innovate will allow us to bring more of the world’s best innovation-focused companies to the city, to further the R&D of these technologies”
Masdar City is home to more than 1,000 businesses, encompassing a variety of organisations – from multinationals and SMEs to homegrown start-ups – committed to advancing the sustainability agenda and spearheading innovations to help realise greener, more sustainable urban living.
By basing their businesses in the United Arab Emirates city, Masdar claims companies will benefit from the exceptional digital infrastructure already in place as well as highly advanced regulatory frameworks and other R&D initiatives.
“Bringing the Innovate initiative to fruition is a natural progression for Masdar City as Abu Dhabi’s hub of innovation and R&D,” added Balalaa.
“Innovate will allow us to bring more of the world’s best innovation-focused companies to the city, to further the R&D of these technologies, all while benefitting from Masdar City’s unique offerings.”
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