Abu Dhabi’s Advanced Technology Research Council (ATRC), the overarching entity mandated to shape Abu Dhabi’s advanced technology R & D ecosystem, on Wednesday announced the launch of VentureOne, a new commercialisation arm to bring innovative research solutions to market at speed, and monetise all IP being generated at TII’s centres and beyond.
Three specialised advanced technology research centres – in Propulsion, Alternative Energy, and Biotechnology – were also launched to coincide with ATRC’s first anniversary celebrations, bringing the total number of deep-tech research entities within its umbrella to 10.
VentureOne is to help facilitate IP creation, strengthen the start-up ecosystem, and boost the market viability of the research breakthroughs to ensure that they go mainstream and impact the broadest cross-section of the global population.
The three new research centres are set to add value to the thriving advanced technology ecosystem already in place in Abu Dhabi while strengthening its credibility as a preferred R & D hub that attracts global experts and nurtures local STEM talent to carry out ground-breaking research.
Speaking about the new centres, Faisal Al Bannai, Secretary-General of the Advanced Technology Research Council (ATRC), said, “We commend the vision of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, for his unwavering support and direction in establishing a transformative R & D hub in Abu Dhabi.
“There was initial scepticism about the ability of a young entity to achieve what many established research hubs have been unable to do – attract global talent and patent breakthrough solutions right here to give the country greater autonomy in the advanced technology space.”