Washington, D.C. — Global Innovation Network 1776 today announced a new Memorandum of Understanding (MOU) with the Dubai Foundation of The Future to advance transformative technological change in the crucial industries tackling society’s most important needs.
Together, 1776 and the Dubai Foundation of The Future will attract leading education, energy, food, water, transportation and health startups from around the world to Dubai to drive the UAE’s major initiatives to revitalize these industries. As part of the arrangement, 1776 will advise the Dubai Foundation of The Future on the policies to pursue to make this kind of meteoric growth a reality.
This new partnership will launch a 1776 campus at the Boulevard at Jumeirah Emirates Towers to showcase MOTF exhibitions, host events and cultivate the flourishing startups driving transformational change across these critical sectors.
“We are pleased to welcome 1776’s strategic expertise to help the UAE develop a regulatory framework to support and encourage the exponential growth of startups in our region,” said His Excellency Mohammed Abdullah Al Gergawi, Minister of Cabinet Affairs and The Future, and Vice Chairman of the Board of Trustees and Managing Director of Dubai Foundation of The Future.
“1776 is building a global network of startups, investors and institutions committed to reshaping the way we function, and we could not find a better partner in the MENA region than the UAE and the Dubai Foundation of The Future,” said Evan Burfield, 1776 Cofounder & Co-CEO. “Their bold vision perfectly aligns with ours, and we look forward to transforming major sectors together.”
“The Dubai Foundation of the Future and 1776 share a commitment to accelerating the global innovation ecosystem through groundbreaking technologies,” said Saif Al Aleeli, CEO of the Dubai Foundation of The Future. “By working together, we can grow the UAE’s role as a center player in innovation in the vital industries that consume the most important aspects of our lives.”
Earlier today, Burfield participated in a signing ceremony in Dubai with His Excellency Mohammed Abdullah Al Gergawi. To schedule interviews with Burfield, please email firstname.lastname@example.org.
1776 is a public benefit corporation that scouts and funds high-growth startups around the world focused on solving society’s most fundamental challenges in sectors like education, energy, transportation and financial services. Launched by co-CEOs Donna Harris and Evan Burfield and headquartered in Washington, D.C., with additional campuses in Dubai and San Francisco, 1776 serves hundreds of startups and institutions worldwide through its innovation curriculum, mentorship, investment and programming. It hosts more than 500 international events per year that attract heads of state, Fortune 500 CEOs, influential investors and global press. For more information, please visit www.1776.vc and follow @1776 on Twitter and @1776vc on Instagram.
About Dubai Foundation of The Future
The Dubai Foundation of The Future is a new initiative to propel the global innovation ecosystem forward and maximize the use of groundbreaking technology across industries. It is expected to open in Dubai in 2017. The foundation’s aim is to serve as an incubator for ideas, a driver for futuristic innovations, and to become a destination for inventors and entrepreneurs. Its purpose aligns with the United Arab Emirates’ declared 2021 Vision and National Innovation Strategy to become a central player in the global field of innovation. The foundation will focus on tangible examples and working prototypes to demonstrate and predict the technologies of the future, rather than housing static displays.