Mohammed bin Rashid Innovation Fund (MBRIF), an initiative launched by the UAE Ministry of Finance to support innovation in the UAE, and Hope Ventures, the investment arm of Hope Fund in the Kingdom of Bahrain, enter a strategic partnership to empower UAE-based entrepreneurs and businesses through Hope’s entrepreneurship-themed reality television show and the region’s first private-public investment platform, Beban.
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The strategic partnership between Hope Ventures and MBRIF demonstrates a strong alignment with Mohammed bin Rashid Innovation Fund’s mission to foster the growth and success of homegrown innovations. Through this partnership, Beban will play a pivotal role in facilitating the ease of access for UAE-based businesses to a diverse pool of investors and strategic partners, which in turn will accelerate the growth of these businesses into both regional and international markets, bolstering their growth trajectory.
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Commenting on the partnership, H.E. Aymen bin Tawfiq Almoayed, Secretary General of the Supreme Council for Youth and Sports in the Kingdom of Bahrain and Chairman of Hope Fund, shared: “As we join forces with MBRIF, our shared vision takes center stage, aiming to cultivate entrepreneurship and drive economic growth in the region. The collaboration presents a unique opportunity through the Beban TV show, where entrepreneurs can showcase their ventures and forge connections with potential investors. This partnership allows us to build synergies with MBRIF, a regional leader in the innovation ecosystem, and expand our reach to entrepreneurs in the region. Together, we’re building a future where innovation thrives, and entrepreneurs find the support they need to succeed on a broader stage, contributing to the prosperity of our communities and beyond.”
H.E. Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs in the UAE, expressed his enthusiasm for the collaboration, stating: “This collaboration mirrors our unwavering commitment to championing innovation and propelling our nation towards economic excellence. In joining forces with Hope Ventures, we are amplifying the support system for UAE-based entrepreneurs by partnering with one of the most exciting innovation platforms in the region, Beban TV Show. This initiative goes beyond conventional boundaries, providing a dynamic stage for UAE innovators to showcase their ventures, fostering cross-border collaboration, and creating an environment where the spirit of entrepreneurship thrives.”
This collaboration not only supports entrepreneurs’ development but also promotes cross-border knowledge exchange, creating a dynamic platform for sharing experiences and best practices.
Selected entrepreneurs will have the unique opportunity to pitch their businesses in front of a panel of reputable regional investors on a televised show that airs on various regional channels and VODs. This exposure will boost their visibility and provide invaluable networking opportunities, further propelling their growth and success.
About About Mohammed bin Rashid Innovation Fund (MBRIF )
Founded in 2015, MBRIF is a federal initiative conceived and launched by the UAE Ministry of Finance (MoF). The initiative seeks to identify and nurture high potential innovations both within the UAE and abroad. It aims to enhance growth potential of innovative businesses and shape the future of the UAEs economy. Currently, the MBRIF consists of two programs, these are:
