Seed

Others

Unknown Series Round

Debt Financing

Non-Equity Assistance

Pre-Seed

Abu Dhabi

Nabeel Rehman, CFA

Shatha Disi

If you're ready to take your business to the next level with Mohammed Bin Rashid Innovation Fund, we want to hear your pitch.

Pitch to Mohammed Bin Rashid Innovation Fund

Investment in Startup

Mohammed Bin Rashid Innovation Fund: Explore portfolio, funding data, and industry contributions at Lucidity Insights' investor database.

Mohammed Bin Rashid Innovation Fund

The MBRIF is a federal initiative conceived and launched by the UAE Ministry of Finance (MoF).

Pure Harvest

Foodtech

Renewables

Environment

Sustainable

Agritech

Agribusiness

A pioneering agritech company, Pure Harvest commits to sustainably producing fresh fruits and vegetables using innovative technology in controlled-environment agriculture.

Dubai

Series C

Bayzat

Fintech

Insurance

Bayzat is a technology SaaS company that provides insurance, payroll, and human resources solutions for businesses.

Quiqup

E-Commerce

Delivery Services

Courier Service

Retail

Supply Chain Management

Quiqup is a Dubai-based logistics company offering on-demand, same-day, and last-mile e-commerce delivery and fulfilment services across the UAE and GCC.

Series A

Oliv

Education

Marketplace

Employment

Recruiting

Oliv.com is a career marketplace based in Dubai, made for the youth of the Middle East. We connect students and graduates to employers for internships, part-time & graduate jobs. Launched in 2013, we set out to tackle a huge problem - a 30% youth unemployment rate in the MENA region. Oliv helps university students and graduates launch theircareers. And we're pretty good at it.
Today, Oliv is home to thousands of students and graduates where their ambitions are aligned to opportunity. More than 1,000 businesses from startups to Fortune 500s use Oliv to hire top emerging talent to maintain a healthy talent pipeline and grow their business for the future.

Our goal is to make launching careers simple, personal and rewarding. That's Oliv.

Avani

Marketing/Sales

Lamsa

Apps

Digital Entertainment

Digital Media

E-Learning

EdTech

Lamsa Kids World is a state of the art digital service tailored for children availing a world of creativity and imagination! Delivering

Opteam

Support & Management Services

AI/IoT

Artificial Intelligence

Construction

Software

Smart Cities

Machine Learning

Sustainability

Opteam built a Decision Intelligence AI software. Companies today have a huge sum of data relating to their assets, but finally it is a human who makes decisions. They attempt to read the data by extracting bite-sized insights using charts, graphs, etc.

Grant

Mruna

Technology

CleanTech

Mrüna is a consulting and distribution company specializing in the sale of services and products contributing to urban resilience.

Urban resilience is the capacity to cope with: chronic stresses, such as water shortages, pollution, and inadequate infrastructure; and sudden shocks, such as floods and cyber-attacks. 

Mrüna is currently focused on urban resilience in the Middle Eastern market, with an eye to identify and address unmet needs and demands within the region.

Mrüna’s mission is to improve the capacity of communities, institutions, and businesses to adapt and thrive.

Duverse

Drone

Augmented Reality

Virtual Reality

Information Technology

Internet

Artificial Intelligence (AI)

Metaverse

Robotics

Duverse is a leading metaverse platform in MENA that delivers advanced immersive experiences for businesses and government entities.

Duverse has been selected to join Cohort 8 of the Mohammed Bin Rashid Innovation Fund (MBRIF) Innovation Accelerator Program, where it will receive expert support and access to resources to enhance its AI and metaverse-based performance solutions, positioning it as a potential disruptor in its sector and contributor to the UAE’s innovation-driven economy.

MBRIF Welcomes Latest Cohort

Pure Harvest Smart Farms, a tech-enabled agribusiness that is growing fruits and vegetables in the desert outside Abu Dhabi, raised $1.75 million (Dh6.43m) in the first phase of a $20m expansion round.

The start-up, founded in October 2016, had previously raised $5.8m in what was the “Mena region’s largest-ever seed financing”, led by Shorooq Partners and the Mohammed bin Rashid Innovation Fund. The new financing was provided entirely by the company’s existing investors, founders and senior management.

On September 22, Pure Harvest will meet global debt and equity investors to formally begin institutional fund-raising. The funds will be used to invest in the research and development of new technologies, and expand production facilities in the UAE and Saudi Arabia.

“I am extremely proud of what we have accomplished in such a short time frame,” said Mahmoud Adi, co-founder and director at Pure Harvest. “Our next phase of growth is to penetrate neighbouring and regional markets including Saudi Arabia and the broader GCC."

Expansion in the kingdom is planned for 2020 and the company has already secured a local partner and land access, a Pure Harvest spokesperson said.

Pure Harvest raises $1.75 million

The Mohammed bin Rashid Innovation Fund (MBRIF), operated by the Emirates Development Bank (EDB), today announced a disbursement of AED 5.5 million to UAE headquartered Pure Harvest. 

A regional innovator in sustainable agriculture, Pure Harvest aims to address food security issues and water scarcity in the UAE while achieving resource efficiency and overcoming local climate challenges. Founded in October 2016, the Abu Dhabi based agricultural start-up is focused on the production of greenhouse fruits and vegetables in arid climates using world-leading Dutch hydroponics and climate management technologies. The current fund from MBRIF will be deployed towards construction and pre-production of Pure Harvest’s foundational, high-tech greenhouse in Nahel, UAE.

MBRIF invests AED 5.5 million to UAE AgriTech Pure Harvest

MBRIF’s graduating Innovation Accelerator cohort showcases ground-breaking innovation in Demo Day

• From space technology to clean energy, MBRIF’s Innovation Accelerator program members pitch their business to investors at the Cohort #6 Demo Day
• Siniterex won Best Pitch
• Lisan won Best UAE Homegrown Business
• Mruna won Most Impactful Business

Mohammed bin Rashid Innovation Fund (MBRIF) celebrated the graduation of the 6th cohort of its Innovation Accelerator program with members vying for funding and awards on the Demo Day.

The event showcased 14 graduating cohort members' innovative and disruptive companies from around the world across key sectors: Health, Transport, Education, Technology, Clean Energy, Water, and Space. The startups competed for the Best Pitch, Best UAE Homegrown Business and Most Impactful Business awards.

MBRIF’s Innovation Accelerator program is a 6-month platform that attracts hundreds of applications from around the world. It aims to provide bespoke services to the most promising Innovators including access to industry insights, the market and other key resources to accelerate the growth of the business. The program culminates with the Demo Day, where the cohort members pitch their businesses to investors and venture capital firms while competing for prestigious awards from MBRIF.

MBRIF’s graduating Innovation Accelerator cohort showcases ground-breaking innovation in Demo Day

Mohammed bin Rashid Innovation Fund (MBRIF) celebrated the graduation of the 6th cohort of its Innovation Accelerator program with members vying for funding and awards on the Demo Day.

The event showcased graduating cohort members' innovative and disruptive companies from around the world across key sectors: Health, Transport, Education, Technology, Clean Energy, Water, and Space. The startups competed for the Best Pitch, Best UAE Homegrown Business and Most Impactful Business awards.

MBRIF’s Innovation Accelerator program is a 6-month platform that attracts hundreds of applications from around the world. It aims to provide bespoke services to the most promising Innovators including access to industry insights, the market and other key resources to accelerate the growth of the business. The program culminates with the Demo Day, where the cohort members pitch their businesses to investors and venture capital firms while competing for prestigious awards from MBRIF.

At the end of the event, the following cohort members were recognized for the following awards:

Sinterex won the Best Pitch Award
Lisan won the Best UAE Homegrown Business Award
Mruna won the Most Impactful Business Award

The sixth cohort of the Innovation Accelerator program by Mohammed Bin Rashid Innovation Fund (MBRIF) -an initiative launched in 2016 by the UAE Ministry of Finance to foster innovation in the UAE- officially graduated on May 15, 2023 at an event hosted in Dubai.

The occasion also saw MBRIF open applications for the seventh cycle of its Innovation Accelerator Program, which will be accepting entries until July 13, 2023.

The Demo Day for the sixth cohort, which included entrepreneurs from the UAE, UK, Canada, Tunisia, KSA, Lebanon and the USA,whose ventures are at various levels of business maturity (from prototype to growth stages), was kickstarted by a welcome speech from Shaker Zainal, Head of MBRIF and Chief Business Officer at Emirates Development Bank. Following this, H.E. Dr. Tariq Bin Hendi, Senior Partner at UAE-based international venture capital firm Global Ventures, gave a keynote address.

The highlight of the graduation ceremony, however, was all 14 graduating startups pitching their business ideas to a panel of investors and venture capitalists. The three-minute-long presentations by the startup founders showcased innovative and disruptive solutions across a number of sectors, including health, transport, education, technology, clean energy, water and space technology.

Having Graduated Its Sixth Cohort, The MBRIF Innovation Accelerator Program Is Inviting Applications For Its New Seventh Cycle

UAE-based last-mile delivery provider Quiqup has raised $1.36 million as a guarantee for a loan from The Mohammed Bin Rashid Innovation Fund (MBRIF) initiative.

Quiqup receives $1.36 million loan from MBRIF

Currently in its pre-revenue stage, Opteam has already secured pre-seed funding, and pilot versions of its services have also been launched in both Canada and the UAE.

Mohammed Bin Rashid Innovation Fund

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

Statistics

Sectors we invest in

Top 5 sectors we invest in

Portfolio Companies
or Investments

Executive Team Members

About

Legal

Social Media

Mohammed Bin Rashid Innovation Fund

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

Statistics

Sectors we invest in

Top 5 sectors we invest in

Portfolio Companies or Investments

Executive Team Members

About

Legal

Social Media

Portfolio Companies
or Investments