Abu Dhabi’s Advanced Technology Research Council plans to launch three new ventures aimed at boosting research and development in the Emirates, as it seeks to expand its innovation economy.
The ventures include projects to enhance data security in the quantum era, apply advancements in smart autonomous mobility, and develop AgriTech through robotic technologies.
The initiatives are expected to be launched this year by the council's commercialisation arm VentureOne, the Abu Dhabi Government Media Office said in a statement on Monday.
The projects are aimed at translating research into products and services, the statement said.
Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi, who led a meeting of the council's board of directors on Monday, reviewed the plans.
He emphasised the UAE’s role as an incubator for innovation and encouraged the application of technology-based solutions across key sectors.
Founded in 2020 at Masdar City, the council is responsible for defining Abu Dhabi’s research strategy across academia and industry, facilitating investment funding, and driving policy and regulation for smart decision-making.
The UAE has made significant R&D strides in the past few years, elevating its position in global technology. It moved up five places to rank as the top Arab country on the UN Frontier Technologies Readiness Index 2023. The UAE was 37th out of 166 countries on the list.
Sheikh Khaled also reviewed additional plans for Abu Dhabi to strengthen its position in the global R&D landscape. He highlighted the importance of the council’s UAE Research Map in boosting co-operation efforts among relevant entities.
Launched in May, the UAE Research Map has attracted more than 2,000 visits in its first two months and features 30 participating entities, with more than 450 registered experts.
Sheikh Khaled emphasised the need to qualify and prepare national talent in Stem (science, technology, engineering and maths) fields.
The meeting also reviewed the council’s applied research pillar, the Technology Innovation Institute, which recently unveiled the Abu Dhabi Quantum Optical Ground Station. It is the first and largest facility in the Middle East and North Africa dedicated to developing secure free-space optical communications.
The alternatives
• Founded in 2014, Telr is a payment aggregator and gateway with an office in Silicon Oasis. It’s e-commerce entry plan costs Dh349 monthly (plus VAT). QR codes direct customers to an online payment page and merchants can generate payments through messaging apps.
• Business Bay’s Pallapay claims 40,000-plus active merchants who can invoice customers and receive payment by card. Fees range from 1.99 per cent plus Dh1 per transaction depending on payment method and location, such as online or via UAE mobile.
• Tap started in May 2013 in Kuwait, allowing Middle East businesses to bill, accept, receive and make payments online “easier, faster and smoother” via goSell and goCollect. It supports more than 10,000 merchants. Monthly fees range from US$65-100, plus card charges of 2.75-3.75 per cent and Dh1.2 per sale.
• 2checkout’s “all-in-one payment gateway and merchant account” accepts payments in 200-plus markets for 2.4-3.9 per cent, plus a Dh1.2-Dh1.8 currency conversion charge. The US provider processes online shop and mobile transactions and has 17,000-plus active digital commerce users.
• PayPal is probably the best-known online goods payment method - usually used for eBay purchases - but can be used to receive funds, providing everyone’s signed up. Costs from 2.9 per cent plus Dh1.2 per transaction.
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Two stars