Sheikh Mohammed bin Rashid at the launch of MoFs Innovation Festival. Photo Courtesy: Ministry of Finance
Sheikh Mohammed bin Rashid at the launch of MoFs Innovation Festival. Photo Courtesy: Ministry of Finance

How to define innovation



The difficulty with innovation is finding a comprehensive definition for the concept. Of course, you can spot breakthrough technology when it is placed in front of you. Just pick up an iPhone and you can feel the clever engineering in your hands. But the role of innovation in society is nuanced and doesn’t manifest itself in one large invention, a trip to outer space or a creative appliance.

Take the UAE, for example. As an economy that grew out of hydrocarbon resources, the transformation to a non-oil economy is a profound journey in innovative thinking in society. Every step towards a knowledge-based economy – whether it be Innovation Week, ambitious new targets for government efficiency, investments in sustainable energy embodied in Masdar or the promotion of science in primary school – is innovation in practice.

On an individual level, the story of Abdalla Alzarooni and the establishment of Emirates Global Aluminium is a demonstration of innovation in daily life. Even the development of shopping applications such as Yebab are a sign of the spirit of ingenuity that often flies under the radar.

So how best to define innovation? Is it the mentality of thinking outside the box? Is it the challenge of accepting that projects might fail but in failure something valuable is learnt for the future? Is it about making government more efficient? Is it the latest smartphone application that can shave five minutes off your daily commute? Or is it all of these things and more?

Of course, it is everything. Innovation is about an openness to change that helps society function better. Such an openness has always been a part of the fabric of Emirati culture and has allowed the UAE to use its bounty of resources and transform the nation into a world leader in trade, aviation and culture.

It is this openness that infuses our people with a creativity to try, to explore, to fail and ultimately to succeed. As long as we maintain this curiosity, innovation will never be absent from society.

Tonight's Chat on The National

Tonight's Chat is a series of online conversations on The National. The series features a diverse range of celebrities, politicians and business leaders from around the Arab world.

Tonight’s Chat host Ricardo Karam is a renowned author and broadcaster who has previously interviewed Bill Gates, Carlos Ghosn, Andre Agassi and the late Zaha Hadid, among others.

Intellectually curious and thought-provoking, Tonight’s Chat moves the conversation forward.

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COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
 
 
 
 
 
 
 
If you go

The Flights

Emirates and Etihad fly direct to Johannesburg from Dubai and Abu Dhabi respectively. Economy return tickets cost from Dh2,650, including taxes.

The trip

Worldwide Motorhoming Holidays (worldwidemotorhomingholidays.co.uk) operates fly-drive motorhome holidays in eight destinations, including South Africa. Its 14-day Kruger and the Battlefields itinerary starts from Dh17,500, including campgrounds, excursions, unit hire and flights. Bobo Campers has a range of RVs for hire, including the 4-berth Discoverer 4 from Dh600 per day.

Origin
Dan Brown
Doubleday

Small Victories: The True Story of Faith No More by Adrian Harte
Jawbone Press

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COMPANY PROFILE

Company name: Happy Tenant

Started: January 2019

Co-founders: Joe Moufarrej and Umar Rana

Based: Dubai

Sector: Technology, real-estate

Initial investment: Dh2.5 million

Investors: Self-funded

Total customers: 4,000