$549m UAE innovation fund announces first disbursement

Middle East Internship jobs portal InternsME.com was the recipient
The Mohammed Bin Rashid Innovation Fund (MBRIF), an AED 2 billion ($549 million) UAE federal government initiative, said it’s first disbursement was awarded to InternsME.com.
By Tahani Karrar
Sun 29 Oct 2017 10:11 AM

The Mohammed Bin Rashid Innovation Fund (MBRIF), an AED 2 billion ($549 million) UAE federal government initiative, said it’s first disbursement was awarded to InternsME.com.

MBRIF, which is led by the Ministry of Finance, acts as a catalyst for the UAE’s National Innovation Strategy and focuses on innovating regional and global companies in renewable and clean energy, transportation, education, technology, healthcare, space and water, but also considers companies that can contribute constructively to the country’s social and economic progress.

“With this first disbursement, we are demonstrating our commitment to the youth in the UAE. Creating employment opportunities through internships not only improves the nation’s economy but also gives fresh graduates and university students an opportunity to be part of the workforce and contribute positively to the UAE,” said Younis Haji Al Khoori, Undersecretary of the Ministry of Finance.

MBRIF is open to companies that are already operational and beyond the ideation stage, both globally and in the UAE.

Launched in late 2012, InternsME.com is an online portal that connects students and recent graduates to top employers across the Middle East for internships, trainee positions, part-time and full-time graduate job opportunities.

“In today’s knowledge-based economy, this encouragement is extremely critical. By working together, we are building the economy of the future, creating the jobs of today and tomorrow, and gearing up for global success that will benefit the youth of the UAE,” said InternsME chief executive Jean-Michel Gauthier.

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Last Updated: Sun 29 Oct 2017 11:32 AM GST

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