MIT REAP Team Dubai’s focus is on the Emirate of Dubai in United Arab Emirates (UAE). The team has strong and diverse representation from all stakeholder groups including The Executive Office of HH Sheikh Mohammed Bin Rashid Al Maktoum, Dubai Islamic Economy, Dubai Holding, Emirates NBD Capital, and Higher College of Technology.
Innovation Ecosystem Stakeholder Model
Abdulla Bin Touq
Champion Director General, The Executive Office
Saeed Al Marri
Head of Strategy & Planning, Dubai Islamic Economy Development Centre
Nada Al Marzouqi
Project Manager, The Executive Office
Yousuf Al Mulla
Chief Strategy Officer, Dubai Holding
Ahmed Al Qassim
CEO, Emirates NBD Capital
Chief Innovation Officer, Chair of Geography and Urban Planning Department; Assistant Professor, United Arab Emirates University
Strategy & Innovation Advisor, The Executive Office
Dr. Tayeb Kamali
Former Vice Chancellor, Higher Colleges of Technology
Managing Partner, Wamda Capital
Almaidy Al Bedwawi
Senior Research Analyst, The Executive Office
Challenge & Opportunity
Strategy & Action
Region of focus: Dubai, United Arab Emirates
Trade and fishing port with a long history of trade in spices and pearls
Small and agile region
90%> Emirati nationals don’t participate in entrepreneurship
Strong focus on obtaining government jobs
Abdulla Bin Touq – Director General, The Executive Office of the Ruler of Dubai
Strong representation from all stakeholder groups
Government supportive of innovation and “experimentation” with new technologies
Will be updated once the team graduates from the program.
Goal to reverse this trend and have 90% of the population focused on entrepreneurship
Key I&E Activities:
Dubai Future Foundation:
$270M fund focused on identifying and deploying experimental technologies
Founded by 7 separate entities
Focused on supporting both corporations and entrepreneur
Social progress and economic prosperity as a collective measure of development in a region.
Innovation-Driven Entrepreneurial Ecosystem
Innovation-Driven Entrepreneurial Ecosystems are regional environments that effectively support startups focused on addressing global markets based on technological, process or business model innovation.
Ability to develop new to the world innovations from inception through to the market.
Culture & Community
Ability to start and build new to the world businesses from inception to maturity.