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Emirates Development Bank (EDB), whose mandate focuses on advancing economic growth and industrial innovation across its five priority sectors (manufacturing, advanced technology, food security, healthcare, and renewables) will provide a $100 million financing solution for a new artificial intelligence (AI) innovation programme, as part of a key partnership with The UAE Ministry of Industry and Advanced Technology (MoIAT).
Both entities align on their mission to boost innovation, accelerate industrial adoption of advanced technologies, and create new ones underpinned by cutting-edge technologies.
Through the programme, which will also focus on providing a platform to local and global technology developers and startups to showcase their expertise, participants will gain access, at no cost, to a diverse network of technology developers.
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