The University of Dubai has announced the launch of Dubai TechX, a new AED 100 million (approximately $27.23 million) fund designed to accelerate innovation and entrepreneurship in the region. The strategic initiative aims to bolster the ecosystem for deep technology and artificial intelligence, empowering a new generation of startups in the UAE and beyond.
Bridging Academia And Venture Capital
Dr. Eesa Bastaki, President of the University of Dubai, emphasized that the fund embodies the university’s commitment to translating scientific research into tangible commercial applications and impactful startups. He stated that Dubai TechX will serve as a vital platform, bringing together students, researchers, entrepreneurs, and investors to fast-track innovation and cultivate technology-driven ventures. The initiative is a direct effort to create a seamless pipeline from academic discovery to market-ready solutions.
A Strategic Push For A Knowledge-Based Economy
The launch aligns with the UAE’s broader vision to establish itself as a global hub for advanced technology. Dr. Rashid Ahmed bin Fahd, Chairman of the University’s Board of Trustees, described the fund as a significant milestone in the university’s journey toward building a knowledge-based economy. He highlighted that the partnership between education and investment is a fundamental pillar for a sustainable technological future, directly supporting Dubai’s strategic ambitions.
Partnership And Sector Focus
The Dubai TechX fund is the result of a collaboration between the University of Dubai and Significa Ventures. This partnership aims to build an integrated ecosystem that combines academic expertise with strategic investment capital. The fund will concentrate on supporting companies developing innovative solutions in key high-growth sectors, including energy, health, education, and smart cities, addressing critical challenges with cutting-edge technology.
About Dubai TechX
Dubai TechX is an AED 100 million venture fund launched by the University of Dubai in partnership with Significa Ventures. The fund is dedicated to supporting early-stage startups in the deep tech and artificial intelligence sectors. Its core mission is to commercialize academic research and foster an integrated ecosystem that connects innovators, entrepreneurs, and investors to drive technological advancement in the MENA region.
Source: Al-Fanar Media
