University of Dubai Launches $27m Tech X Fund
The University of Dubai has unveiled the Dubai Tech X Fund, a $27.2m investment initiative to support AI and deep tech startups, boosting the UAE innovation ecosystem.
The fund is part of a national strategy to strengthen the UAE's innovation and entrepreneurship ecosystem, reinforcing its position as a regional hub for advanced technology.
"The launch of the Dubai Tech X Fund marks a new milestone in the University's journey to foster innovation and support a knowledge-based economy."
"We believe that the partnership between education and investment is the most powerful path toward building a sustainable technological future that aligns with Dubai and the UAE's vision to be a global hub for advanced technology."
Author's summary: University of Dubai launches $27m fund for AI startups.
- Fund size: $27.2m
- Focus: AI and deep tech startups
- Goal: Boost UAE innovation ecosystem
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