MOF initiatives
In support of the national strategy for innovation, and in order to strengthen its role as a leader in the areas of innovation, smart transition and the development of technical programmes, the Ministry of Finance (MoF) has established the Mohammed bin Rashid Innovative Fund to provide financing solutions for innovative ideas, products and services with a capital of AED 2 billion. It has also launched the Masaar Programme for college scholarships to assist UAE high school graduates.
These initiatives were launched to complement MoF's innovative programmes and projects, including the e-Dirham system which is a smart payment method for more than 5000 government services.
