 | MBR Innovation for iOSThe Mohammed bin Rashid Innovation Fund is a federally-sponsored initiative conceived and sponsored by the Ministry of Finance to support local... |
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MBR Innovation for iOS Ranking & Summary
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- Price:
- Free
- Publisher Name:
- By MOF
- Operating Systems:
- iOS
- Additional Requirements:
- Requires iOS 11.0 or later. Compatible with iPhone, iPad, and iPod touch.
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MBR Innovation for iOS Description
The Mohammed bin Rashid Innovation Fund is a federally-sponsored initiative conceived and sponsored by the Ministry of Finance to support local innovators in accessing affordable finance through the provision of a government-backed guarantee. The Fund of AED 2 billion was announced in November 2015 during the UAEs inaugural Innovation Week which sought to showcase a variety of innovative initiatives across federal and local levels of government and within the private sector.The Fund will act on behalf of the UAE government to provide a guarantee as security to a financier, as an incentive to encourage the issuance of a loan and to reduce collateral required from the applicant.
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