Government

The Executive Team of the Global Innovation Index operating under the UAE National Program has held its sixth conference at the Ministry of Economys Dubai HQ. The session was led by H.E. Abdullah Sultan Al Follower Al Shams, head of the group, in the presence of elite agents from federal and local entities that are participants of the team.

The group went over the latest updates to the Global Innovation Index and offered advancement opportunities. They additionally evaluated the job technique for the following stage which will certainly concentrate on creating plans sustaining an environment of innovation and the sustainability of the country's competition hereof to assist advance the nationwide target of ending up being among the top 10 nations on the planet by 2021.

The conference emphasized the have to accelerate several processes, namely those pertaining to the collection of expense data on education and scientific study in academic organizations and the private sector as well as data on international straight investments (FDI) within the country. The development of the UAE's imports and exports due to sophisticated technology and the payment of modern technology to the state's overall foreign trade was likewise reviewed to finish relevant efforts and plans.

H.E. Alshamsi said that the Executive Group is currently extra focused on the plan aspect than the surveillance and information collection process. This is to keep abreast of global advancements and to enhance the competitiveness of the country regionally and around the world in such a way that makes certain the achievement of innovative degrees on the Global Innovation Index to offer the directions of the country.

He included that there are many initiatives and steps that have been created recently to develop a breeding atmosphere for innovation and creativity. He noted that these initiatives mainly concentrate on little- and medium-sized enterprises (SMEs) and freshly established innovative firms. Among the most remarkable are the Ministry of Economys efforts initiatives to team up with worried entities that have participants on the Global Innovation Index Executive Team to progress the Young Innovative Companies initiative.

The campaign provides support for fast-tracking the facility of new innovative services and enabling them to commence work immediately. It additionally motivates imaginative college student to change their concepts right into valuable industrial projects by giving them with funding centers and assisting them with procedures for registering licenses, licenses, hallmarks and various other elements involved in developing and working.

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