• Innovate will identify and nurture the next generation of sustainable technologies
• The initiative will bring together early-stage innovators and potential investors
• Groundbreaking innovations will be showcased physically at Abu Dhabi Sustainability Week 2022
Abu Dhabi, United Arab Emirates; 15th November 2021: Masdar City, Abu Dhabi’s only planned and approved R&D cluster and a leading hub for innovation, has launched ‘Innovate’, to identify and nurture the next generation of sustainable technologies. The global initiative will focus on the areas of urban mobility, clean energy, agritech and food security, water, energy storage, and artificial intelligence.
The yearlong Masdar City initiative will provide participating small and mid-size enterprises (SMEs) with a platform to nurture their sustainable innovations and opportunities to engage with potential investors. The companies will also have the opportunity to expand or move their operations to Masdar City Free Zone.
Abdulla Balalaa, Executive Director, Masdar City, said, “Bringing the Innovate initiative to fruition is a natural progression for Masdar City as Abu Dhabi’s hub of innovation and R&D. Innovate will allow us to bring more of the world’s best innovation-focused companies to the City, to further the R&D of these technologies, all while benefitting from Masdar City’s unique offerings.”
“By investing in Abu Dhabi’s innovation ecosystem, this initiative will further support the development of pioneering technologies around key green transition sectors such as clean energy, AI, water and other Fourth Industrial Revolution sectors. Companies will benefit from the support provided by Masdar City in helping them grow their businesses in the UAE and wider region, while also making a positive contribution to the UAE’s sustainable economic development,” Balalaa continued.
As part of its year-round program, Innovate has also partnered with Abu Dhabi Sustainability Week (ADSW), one of the world’s largest sustainability gatherings, to host the Innovate hub at the World Future Energy Summit, which will showcase leading solutions and facilitate networking opportunities with potential investors. During ADSW 2022, Innovate will also host a virtual forum to lead discussions and identify how early-stage technologies can be accelerated.
Abdulla Balalaa concluded, “Each quarter over the next twelve months, Masdar City will scout for more companies to participate in a series of events and to feature on the Innovate microsite. Through partnerships with UAE government bodies, Innovate will continue to highlight Masdar City's and ADSW's stakeholders' innovative outlook, and Masdar City Free Zone will invite companies to move to Masdar City.”
Masdar City is home to more than 1,000 businesses, encompassing a variety of organizations - from multinationals and SMEs to homegrown startups - committed to advancing the sustainability agenda and spearheading the innovations to realize greener, more sustainable urban living. By basing their businesses in Masdar City, Abu Dhabi, companies will benefit from the exceptional digital infrastructure already in place as well as highly advanced regulatory frameworks and other R&D initiatives.
To learn more about Innovate and Masdar City, please visit https://masdarcity.ae/innovate
About Masdar City
Abu Dhabi’s Masdar City is one of the world’s most sustainable developments. It is made up of a rapidly growing clean-tech cluster, business free zone and residential neighborhood with restaurants, shops and public green spaces. Masdar City is a working model for cities around the world in environmental, economic and social sustainability, and continues to push the boundaries of innovation. The sustainable city is home to the headquarters of the International Renewable Energy Agency (IRENA), as well as several Fortune 500 companies, hundreds of entrepreneurs, and a leading graduate-level research institute.
Abu Dhabi’s renewable energy company Masdar is advancing the commercialization and deployment of renewable energy, sustainable urban development and clean technologies to address global sustainability challenges. Wholly owned by Mubadala Investment Company, the strategic investment company of the Government of Abu Dhabi, our mandate is to help maintain the UAE’s leadership in the global energy sector, while supporting the diversification of both its economy and energy sources for the benefit of future generations. Today, Masdar is active in more than 30 countries, including the UAE, Jordan, Saudi Arabia, Mauritania, Egypt, Morocco, the UK, the US, Australia, Spain, Serbia, India, Indonesia, Uzbekistan, and many more.
Tel enquiries in Arabic: +971 2 653 3333
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For more information, please visit: http://www.masdar.ae
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