Mohammed Bin Rashid Innovation Fund

The Mohammed Bin Rashid Innovation Fund (MBRIF) is a federal initiative sponsored by the Ministry of Finance to support innovators with affordable government-backed financing. With the aim to further facilitate innovation activities through targeted financial solutions and business development tools, the Ministry appointed Emirates Development Bank to host and operate the fund.

This collaboration is a reflection of the directives of His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, and mirrors the goals of the National Innovation Strategy launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to transition the nation into a diversified and flexible knowledge-based economy.

The AED 2 billion MBRIF initiative aims to support innovators in their journey from conception to realization and expansion.