Sheikh Mohammed Bin Rashid Al Maktoum Directs HCT to Allocate AED100 Million to Boost Entrepreneurial Start-Ups

6 months

HH Sheikh Mohammed Bin Rashid Al Maktoum, UAE Vice President, Prime Minister, Ruler of Dubai, has issued directives to the Higher Colleges of Technology to allocate AED 100 million from its budget to support and produce entrepreneurs and start-ups.

The directive was in line with Article 6 of the “Fifty Year Charter”, which stipulates that UAE public and private universities will be announced as “… free zones that allow students to carry out business and creative activities, make these activities part of the education and graduation system, and shape integrated economic and creative zones around the universities. These zones will support students with education, research and funding during the launch of their projects. We want our universities to not only graduate students, but also create companies and employers.”

The directive was issued during His Highness’s visit to the HCT Fujairah campuses where he inaugurated the Innovation Building and the Hall of Tolerance, and viewed students’ innovative projects in the Innovation Oasis. His Highness was also introduced to the “Blended Learning” experience, met with the “SHOREK” initiative participants and added the last piece to a Year of Tolerance work of art.

HH Sheikh Mohammed was accompanied by HE Nasser Bin Thani Al Hamli, Minister of Human Resources and Emiratization and HCT Chancellor, HE Ahmed Belhoul Al Falasi, Minister of State for Higher Education and Advanced Skills, and Dr. Abdullatif Al Shamsi, HCT President & CEO.

HH Sheikh Mohammed also directed HCT to establish specialized professional academies for supporting new students and those interested in changing their career paths, in order to serve the needs of the various UAE economic sectors. He also directed HCT to apply the “Fast Track” that will enable distinguished students to earn a Bachelor Degree within three years.