Platform launched to boost technology and innovation

dubai - The TIP platform will host a community of pioneers in technology and innovation locally, regionally and globally

The Ministry of Economy and the Department of Economic Development - Abu Dhabi have launched the TIP platform that will host a community of pioneers in technology and innovation locally, regionally and globally. TIP will also have specialised sub-platforms and will soon launch an award.

The launch took place during a ceremony attended by Sultan bin Saeed Al Mansouri, Minister of Economy, and Saif Mohammed Al Hajeri, chairman of Abu Dhabi Department of Economic Development, and was signed by Mohammed Ahmed bin Abdul Aziz Al Shehhi, undersecretary for economic affairs, and Khalifa bin Salem Al Mansouri, undersecretary of the Department of Economic Development - Abu Dhabi.

The Takamul Program, under the Department of Economic Development - Abu Dhabi, will manage the TIP initiative and content, as well as work closely with strategic partners to activate and enhance contribution of both public and private sectors within TIP.

Al Mansouri said the Ministry of Economy and the Department of Economic Development - Abu Dhabi sets key priorities around economic diversification and sustainable development and aims to develop an integrated economic system that interacts with targeted sectors locally and internationally, further developing  capacities in the fields of technology and innovation.

He added the UAE has come a long way in providing a supportive legislative environment which promotes and develops entrepreneurship in the field of technology and innovation, in addition to having many specialised institutions which embrace such projects to attract entrepreneurs and investors.

Al Hajeri said: "The Department of Economic Development - Abu Dhabi is committed to supporting the country's strategic economic initiatives aimed at building an integrated economic system. We are focused on leading Abu Dhabi's economic agenda to further enhance its GDP through a knowledge-based economy, with a key focus on technology and innovation as a catalyst for future economic growth."

Launching TIP aims to encourage a technology and innovation community in the UAE and promote establishing small and medium-size companies, and will be focused on supporting the development of a complete innovation ecosystem.

Al Shehhi said the Ministry of Economy works closely with all local governments in the UAE to implement the economic agenda, especially in regard to the accelerators of technology and innovation in order to create a sustainable and diverse economy based on knowledge and innovation.

- business@khaleejtimes.com