Mubadala Innovation Center
The Mubadala Innovation Center is a leading driving force in the United Arab Emirates’ tech industry. As a result of their dedicated efforts, the center has become an integral part of the country’s quickly-growing ecosystem – receiving investments from both local and international companies. Mubadala’s solution-focused approach has enabled them to make progress in several areas, with innovation being at the heart of it all.
In addition to supporting new ideas and implementations, the center also offers their customers access to cutting-edge technology through their expansive portfolio of products and services. They are committed to creating mutually beneficial relationships with UAE start-ups in order to drive technological advancement within this rapidly changing landscape. This commitment extends beyond financial resources; as a part of their mission statement, they maintain status as a global knowledge hub that seeks out new partnerships to bring innovative technologies closer to humanity for collective benefit.
Located in Masdar City – Abu Dhabi’s hub for alternative energy research – the Mubadala Innovation Center provides its partners with access to world-class facilities aimed at spurring development of groundbreaking technologies such as artificial intelligence (AI), blockchain, Internet of Things (IoT) and more. Moreover, the center collaborates with leading universities and research centers to boost advances in these areas, with a focus on providing innovative solutions to “smart” cities of the future.
Since its inception, Mubadala has made impressive strides in the technological sector. It is estimated that within three years, the firm will have invested over $1 billion into more than 100 UAE-based tech companies. This capital infusion has enabled start-ups from the United Arab Emirates to scale up rapidly and expand their reach throughout the region, but more importantly it serves as a testament to Mubadala’s commitment to innovation and development.
The move towards increased innovation has also been reflected in their new venture capital fund – which stands at $550 million – that seeks out promising startups for early and late stage investments. Operating under a principle of trust between stakeholders, Mubadala is proud to commit resources and expertise needed to nurture businesses so that they may become industry titans in their own right. With such dedication to growth, there is no doubt that Mubadala Innovation Center will continue to shape the future of technology in this region for years to come.
January 31, 2023