Over the years UAE has committed itself to fostering a vibrant start up ecosystem. This is very evident through the government’s forward-thinking policies and robust support systems which have positioned Abu Dhabi as a city for entrepreneurial innovation, fostering the growth of startups and emerging technologies. Abu Dhabi is one of the major cities contributing to the UAE’s transformation into a global hub for business setup in the UAE and emerging technologies.
There are several programs designed to support this environment, foster new businesses and cement Abu Dhabi as a thriving ecosystem for startups, businesses and emerging technological innovations. In this blog we will look into the various government initiatives that your business can benefit from.
Initiatives for Government Funding for Startups
- Mohammed Bin Rashid Innovation Fund (MBRIF)
This fund provides startup grants in the UAE. This was launched by the UAE Ministry of Finance launched to foster startup growth, develop a better future and achieve its goal of diversifying the economy, t focuses on supporting innovative startups in diverse sectors to grow the startup ecosystem in the UAE.
- Establishment of ADIO
The Abu Dhabi Investment Office was set up to foster innovation by offering financial and non-financial incentives to startups. It aims to provide competitive rebate programs for R&D-focused companies and supports ventures in sectors like agri-tech, biotech, and advanced manufacturing. The program is designed to enhance the scalability of startups while attracting global talent and investment to Abu Dhabi.
Through its partnerships with innovation hubs like Masdar City and academic institutions, ADIO helps startups integrate into the broader ecosystem of Abu Dhabi, facilitating long-term growth and sustainability.
- Innovation Impact Grant Programme (IIGP)
This grant is aligned with Expo 2020’s theme of Connecting Minds, Creating the Future. The main aim of this grant was to fund startups with innovative solutions in opportunity, mobility and sustainability. The IIGP is helpful to startups in the seed or growth stage to support R&D and expand the startup.
- Ghadan 21
This is a strategic initiative launched by the Abu Dhabi government in 2019. One of the key aspects of Ghadan 21 is its focus on technology and Innovation encouraging industries in tech, fintech, artificial intelligence (AI), blockchain, renewable energy, and sustainability space aiming to make Abu Dhabi a leading hub for high-tech businesses and startups by offering financial incentives and resources.It provides funding opportunities through financial grants and investments through its partners. In addition to this, the entrepreneur benefits from reduced taxes and simplified processes making it easier for businesses to operate in Abu Dhabi.
- Hub 71
This is a startup ecosystem in Abu Dhabi which provides guidance and mentorship to start ups to boost growth. They provide subsidized office space, housing, and health insurance, creating a welcoming environment for local and international startups.Hub71 has emerged as one of the UAE’s most prominent initiatives to support startups by connecting startups with investors, corporate and government entities to create meaningful partnerships. The program provides access to state-of-the-art infrastructure, incentives, and mentorship, making Abu Dhabi a magnet for entrepreneurs from around the world.
- Masdar City Free Zone
The city is not only a hub for clean energy but also an ideal location for startups aiming to innovate in sustainability and green technologies. If you are considering a business setup in Abu Dhabi, this free zone offers simplified licensing procedures, flexible office spaces, and access to the region’s top talent in renewable energy and sustainable solutions.The city offers a unique ecosystem that combines academic research with industry expertise, fostering collaboration and innovation in critical areas like energy efficiency, waste management, and smart city solutions. With easy business setup services in Abu Dhabi and a supportive network, businesses can thrive and contribute to the city’s growth.
Conclusion
The right partnerships play a crucial role in ensuring you navigate business challenges and leverage the opportunities. At BLZ we act as your trusted partner by aligning with your business goals and offer expert guidance on company formation, business licenses, PRO service, securing funding, and connecting startups with the right resources. BLZ plays a crucial role in each and every stage of your business. BLZ is committed to helping you scale your startup and turn your vision into reality in Abu Dhabi’s thriving business environment.
With BLZ by your side, you’ll have access to personalized support and strategic advice, giving you access to Abu Dhabi’s leading funding programs and positioning your business for long term success in the UAE’s thriving market. Together, we’ll turn your vision into reality and help your business scale in one of the world’s most dynamic economies.