MBZUAI and OurCrowd Arabia sign MoU to drive funding for AI startups and research

Summary

MBZUAI and OurCrowd Arabia signed an MoU to accelerate the growth of the AI technology ecosystem at MBZUAI's campus in Abu Dhabi. The initiatives will focus on incubating startups and creating opportunities for AI talent, particularly MBZUAI graduates and researchers. OurCrowd Arabia is also establishing a VC investment center in Abu Dhabi to manage deals for its platform. Why it matters: This partnership aims to foster entrepreneurship and position Abu Dhabi as a global AI center by providing funding and support for AI startups.