In a landmark announcement on Day 1 of the World Governments Summit (WGS) 2024, Abu Dhabi’s Advanced Technology Research Council (ATRC) unveiled a pioneering initiative aimed at facilitating global access to cutting-edge technology solutions. The newly launched ‘ATRC Global Tech R&D Platform’ serves as a channel for countries worldwide to tap into the UAE’s technological expertise to address their unique challenges.
Read also – UAE-based Kema Secures $2 Mn Pre-Seed Funding
As the driving force behind Abu Dhabi and the wider UAE’s advanced research and development (R&D) ecosystem, this initiative underscores ATRC’s commitment to fostering inclusive growth and global prosperity. In an era of rapid technological transformation, the platform seeks to bridge technology gaps experienced by nations worldwide by offering tailored solutions to their pressing needs.
Read also – Lebanon-based Globivest Secures Undisclosed Funding
To initiate applications through the platform, ATRC is allocating US$200 million in funding to accelerate innovation, particularly for emerging and developing nations. By committing to absorb resource and research costs, the funding facilitates the development of sophisticated technology solutions, empowering these nations to keep pace with the latest advancements.
Read also – Red Sea Global Secures Financial Close on $522 Mn Debt Financing with Riyad Bank
The ATRC Global Tech R&D Platform invites applications from governments, organizations, and eligible stakeholders all over the world, prioritizing collaboration, and inclusivity. Through a rigorous evaluation process, initiatives aligned with the platform’s mission will receive support in six priority sectors: Aerospace and Space; Food and Agriculture; Healthcare; Safety and Security; Sustainability, Environment, and Energy; and Transport.
Read also – HP Spring Studios Announce Partnership with Hope Talents
H.E. Faisal Al Bannai, Secretary General of ATRC, underscores the profound global impact of the initiative, stating: “Our commitment is to empower every nation with the means to thrive in this technology-driven world. ATRC stands ready to partner with countries worldwide, leveraging our expertise in technology to address their challenges and drive collective progress in the AI-driven era.”
Read also – Innovative Startups and SMEs Fund Invests $5 Mn in MSA Novo Fund
Dr. Ray O. Johnson, CEO of ATRC’s global applied research arm, TII, expressed optimism about the Fund’s potential to catalyze innovation, and said: “Through this platform, we will help identify untapped innovation around the world, unleashing the power of transformative technologies, and sparking economic growth.”
About ATRC
Founded in 2020, The Advanced Technology Research Council (ATRC) is the overarching advanced technology research body in Abu Dhabi. The Council was established to shape a research and development ecosystem to drive transformative technology outcomes. ATRC offers a spectrum of capabilities spanning quantum and AI, autonomous robotics, and cryptography, as well as advanced materials, propulsion, and space – guiding technology needs from ideation to innovation.
Read also – Funding Wrap of the Week | Asian Startups Funding Roundup | Feb 4 – Feb 9
