UAE launches Mohammed bin Rashid Initiative for Global Prosperity

ABU DHABI - 24 September 2017: Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, has launched the Mohammed bin Rashid Initiative for Global Prosperity at an interactive session on Innovation and Technology during the United Nations General Assembly in New York, the WAM News Agency reported on Sunday.

Dr. Al Zeyoudi said, "The Initiative for Global Prosperity is a gift from … Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, aimed towards manufacturing innovation that serves humanity and promote global prosperity."

The initiative combines a Global Prosperity Award with Global Maker Challenges to focus on solving real world problems through open innovation, and rewarding solutions that have the greatest impact on any one or more of the UN Sustainable Development Goals, SDGs.

By creating an inclusive environment that brings together manufacturers, start-ups and entrepreneurs, governments and NGOs, the Mohammed bin Rashid Initiative on Global Prosperity will create an innovative ecosystem that encourages collaboration and partnerships, and empowers the broader society to play a larger role in building global prosperity.

The Mohammed bin Rashid Initiative for Global Prosperity will form a panel of experts from industry, academia and the public sector to assess submissions. The panel, along with the identified challenges and sponsors, will be launched at the World Government Summit in February, 2018.