Dubai wants to support and give a boost to the research and development in key sectors such as 3D printing, biotechnology and robotics. Thus, it has plans to invest Dhs 1bn ($272.2m) in projects and companies that are going to participate in its Future Accelerators program.
The saying program, which started the month before, has seven tasks for each involving association and entrepreneur. Their main goal will be to figure out futuristic prototype ideas for all around the city, which will be as well plausible.
Dubai’s goal is to give a little more attention to the technological development of the city. The main fields, which are going to be supported from the government entities, too, will be robotics, artificial intelligence, 3D printing, genomics, biomimicry and biotechnology.
According to Dubai Holding chairman and managing director of the Dubai Future Foundation Mohammed Al Gergawi, this investment has as a goal to make all the programs alluring, locally and globally. Moreover, he hopes for more opportunities to come due to the programs, which he considers to be great venture capital. Last but not least, he expects new roads to open as the investments in innovation concerns.
Dubai Future Accelerators want to invest in culture in the general region and give the opportunity to investors to enrich their portfolios with some modern and fresh ideas, apart from the classical investments, in banking and real estates.
More specific details (technical and as the governance concerns) for the Future Accelerators program will be published in the upcoming days, according to state news agency WAM.
While we closing up, it is important to note that Dubai is going to welcome the first -globally- 3D printed office, in May.