UAE and U.S. Department of Commerce sign strategic partnershipStaff writer ▼ | February 9, 2016
The UAE Ministry of Economy has signed a strategic partnership agreement with the U.S. Department of Commerce to promote cooperation in innovation and entrepreneurship.
Innovation and entrepreneurship Emirates and the U.S. to work together
Sultan bin Saeed Al Mansouri, Minister of Economy, was present at the signing.
The newly signed agreement seeks to encourage and facilitate the exchange of innovation and entrepreneurship expertise, with a particular focus on strengthening innovation policy development.
In addition, it mandates the UAE's National Innovation Committee to oversee the execution of initiatives related to achieving this partnership.
As per the agreement, the UAE and the United States will identify mutually agreed upon priority sectors and deepening cooperative ties through building networks and successfully developing synergies among stakeholders of innovation and entrepreneurship, such as government institutions, business incubators, academic institutions and the wider business community.
The agreement also stressed the need to exchange information in the interest of protecting intellectual property rights as a core component of the partnership. ■