Investors pledged Dh30 million to fund patents from people with ideas that could develop the UAE’s health-care sector.
At the closing ceremony of an annual worldwide competition, 23 innovators were awarded Dh3m between them to support their health-care ideas. A further Dh30m will be invested in their projects.
Many of Wednesday's winners of the Technology Innovation Pioneers (Tip) competition do not come from medical backgrounds – one of those awarded works for an oil company.
Emirati Ahmed Al Hammadi won funding for inventing a catheter that does not collect bacteria that can subsequently cause infections.
“I saw that there was a need for it and it wasn’t available in the market, so I decided to make one,” he said.
“I am not even remotely related to the medical field, but I wanted to help the thousands of people who suffer from recurrent infections.”
From a cure for cancer to a tiny device that could resolve common ear infections without the need for surgery, the projects are expected to save lives and relieve pain for millions of people.
Investors will also have a hand in developing many of the projects that the competition brought together on Wednesday.
The awards, in their first year, are a culmination of a partnership between the Department of Health in Abu Dhabi and the Department of Economic Development, to accelerate the development of innovation in the emirate’s health-care sector.
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Read more:
Solutions for UAE's biggest health problems to be awarded with Dh3m
UAE moves to attract global health innovators
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Sultan Al Mansoori, the Minister of Economy, said the competition was significant in developing tools that could improve the country’s health care.
He said Tip added value to initiatives undertaken by the UAE to develop an integrated system that supports innovation and encourages entrepreneurship through new technologies. "The initiative will stimulate research and development activities, increase the rate of patent registration in the health sector and enhance its attractiveness as strong investment platforms."
He said the private sector would need to contribute by supporting and funding the inventors “to transform their creativity into something productive and deliver the development we all aspire to”.
The first instalment of the competition received more than 1,000 submissions.
Sarah Al Amiri, Minister of State for Advanced Sciences, said: "We are delighted that the first Technology and Innovation Pioneers Healthcare Award and Conference... has strengthened the status of the UAE and the capital Abu Dhabi as a global centre for innovation and medical and scientific research, which in return raises the country's positing in various global indexes in line with the national agenda."
The chairman of the Department of Health Abu Dhabi, Sheikh Abdulla bin Mohammed Al Hamed, said Tip aimed
"to attract innovations to solve health-care challenges including public health. What make us prouder is that we are the first government entity in the region to create the link between investors and health-care innovators".
The winning projects will be funded and used by hospitals and health-care providers, including New Medical Centre.
"We inaugurated the Tip platform, the first of its kind in the region, to provide an innovation ecosystem to accelerate research and create innovative solutions towards key challenges presented in partnership with the government and private sectors, encouraging dynamic cross-collaboration to achieve unique results," said Saif Al Hajeri, chairman of the Department of Economic Development Abu Dhabi.
“Such initiatives will open doors to new business ventures, creating new career opportunities in the private sector, which supports and promotes the diversification of the economic landscape of Abu Dhabi in a sustainable way.”
Virtual banks explained
What is a virtual bank?
The Hong Kong Monetary Authority defines it as a bank that delivers services through the internet or other electronic channels instead of physical branches. That means not only facilitating payments but accepting deposits and making loans, just like traditional ones. Other terms used interchangeably include digital or digital-only banks or neobanks. By contrast, so-called digital wallets or e-wallets such as Apple Pay, PayPal or Google Pay usually serve as intermediaries between a consumer’s traditional account or credit card and a merchant, usually via a smartphone or computer.
What’s the draw in Asia?
Hundreds of millions of people under-served by traditional institutions, for one thing. In China, India and elsewhere, digital wallets such as Alipay, WeChat Pay and Paytm have already become ubiquitous, offering millions of people an easy way to store and spend their money via mobile phone. Indonesia, Vietnam and the Philippines are also among the world’s biggest under-banked countries; together they have almost half a billion people.
Is Hong Kong short of banks?
No, but the city is among the most cash-reliant major economies, leaving room for newcomers to disrupt the entrenched industry. Ant Financial, an Alibaba Group Holding affiliate that runs Alipay and MYBank, and Tencent Holdings, the company behind WeBank and WeChat Pay, are among the owners of the eight ventures licensed to create virtual banks in Hong Kong, with operations expected to start as early as the end of the year.
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2025 Fifa Club World Cup groups
Group A: Palmeiras, Porto, Al Ahly, Inter Miami.
Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.
Group C: Bayern Munich, Auckland City, Boca Juniors, Benfica.
Group D: Flamengo, ES Tunis, Chelsea, Leon.
Group E: River Plate, Urawa, Monterrey, Inter Milan.
Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.
Group G: Manchester City, Wydad, Al Ain, Juventus.
Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.
White hydrogen: Naturally occurring hydrogen
Chromite: Hard, metallic mineral containing iron oxide and chromium oxide
Ultramafic rocks: Dark-coloured rocks rich in magnesium or iron with very low silica content
Ophiolite: A section of the earth’s crust, which is oceanic in nature that has since been uplifted and exposed on land
Olivine: A commonly occurring magnesium iron silicate mineral that derives its name for its olive-green yellow-green colour
The Greatest Royal Rumble card as it stands
The Greatest Royal Rumble card as it stands
50-man Royal Rumble - names entered so far include Braun Strowman, Daniel Bryan, Kurt Angle, Big Show, Kane, Chris Jericho, The New Day and Elias
Universal Championship Brock Lesnar (champion) v Roman Reigns in a steel cage match
WWE World Heavyweight ChampionshipAJ Styles (champion) v Shinsuke Nakamura
Intercontinental Championship Seth Rollins (champion) v The Miz v Finn Balor v Samoa Joe
United States Championship Jeff Hardy (champion) v Jinder Mahal
SmackDown Tag Team Championship The Bludgeon Brothers (champions) v The Usos
Raw Tag Team Championship (currently vacant) Cesaro and Sheamus v Matt Hardy and Bray Wyatt
Casket match The Undertaker v Chris Jericho
Singles match John Cena v Triple H
Cruiserweight Championship Cedric Alexander v tba
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Heather, the Totality
Matthew Weiner,
Canongate
Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
New UK refugee system
- A new “core protection” for refugees moving from permanent to a more basic, temporary protection
- Shortened leave to remain - refugees will receive 30 months instead of five years
- A longer path to settlement with no indefinite settled status until a refugee has spent 20 years in Britain
- To encourage refugees to integrate the government will encourage them to out of the core protection route wherever possible.
- Under core protection there will be no automatic right to family reunion
- Refugees will have a reduced right to public funds
THE CLOWN OF GAZA
Director: Abdulrahman Sabbah
Starring: Alaa Meqdad
Rating: 4/5
Other acts on the Jazz Garden bill
Sharrie Williams
The American singer is hugely respected in blues circles due to her passionate vocals and songwriting. Born and raised in Michigan, Williams began recording and touring as a teenage gospel singer. Her career took off with the blues band The Wiseguys. Such was the acclaim of their live shows that they toured throughout Europe and in Africa. As a solo artist, Williams has also collaborated with the likes of the late Dizzy Gillespie, Van Morrison and Mavis Staples.
Lin Rountree
An accomplished smooth jazz artist who blends his chilled approach with R‘n’B. Trained at the Duke Ellington School of the Arts in Washington, DC, Rountree formed his own band in 2004. He has also recorded with the likes of Kem, Dwele and Conya Doss. He comes to Dubai on the back of his new single Pass The Groove, from his forthcoming 2018 album Stronger Still, which may follow his five previous solo albums in cracking the top 10 of the US jazz charts.
Anita Williams
Dubai-based singer Anita Williams will open the night with a set of covers and swing, jazz and blues standards that made her an in-demand singer across the emirate. The Irish singer has been performing in Dubai since 2008 at venues such as MusicHall and Voda Bar. Her Jazz Garden appearance is career highlight as she will use the event to perform the original song Big Blue Eyes, the single from her debut solo album, due for release soon.
The Sky Is Pink
Director: Shonali Bose
Cast: Priyanka Chopra Jonas, Farhan Akhtar, Zaira Wasim, Rohit Saraf
Three stars
UAE currency: the story behind the money in your pockets
Cricket World Cup League 2 Fixtures
Saturday March 5, UAE v Oman, ICC Academy (all matches start at 9.30am)
Sunday March 6, Oman v Namibia, ICC Academy
Tuesday March 8, UAE v Namibia, ICC Academy
Wednesday March 9, UAE v Oman, ICC Academy
Friday March 11, Oman v Namibia, Sharjah Cricket Stadium
Saturday March 12, UAE v Namibia, Sharjah Cricket Stadium
UAE squad
Ahmed Raza (captain), Chirag Suri, Muhammad Waseem, CP Rizwan, Vriitya Aravind, Asif Khan, Basil Hameed, Rohan Mustafa, Kashif Daud, Zahoor Khan, Junaid Siddique, Karthik Meiyappan, Akif Raja, Rahul Bhatia