Dubai [UAE], The Ministry of Industry and Advanced Technology (MOIAT) has announced a partnership with the Emirates Development Bank (EDB), the key financial engine of economic growth and industrial advancement in the UAE, to provide AED 370 million financing solution. The new AI innovation program was announced during the third edition of the Make It in the Emirates (MiITE) Forum, taking place on 27-28 May at the Abu Dhabi Energy Center and organized by MoIAT in collaboration with the Abu Dhabi Department of Economics. Development (ADDED) and ADNOC AI Innovation Program aligns with the Ministry's efforts to promote innovation, accelerate the adoption of advanced technologies in industry and create new industries supported by cutting-edge technologies under the umbrella of the Technology Transformation Programme. It also aligns with the EDB's development mandate focused on driving economic growth and industrial innovation in its five priority sectors of manufacturing, advanced technology, food security, health care and renewable energy. The objective of the program is to promote collaboration between key industry players and technology developers to harness cutting edge technology.-Edge AI technologies will help solve the most pressing industrial challenges within national industry. The program aims to create opportunities for local and global technology developers and startups by providing a platform to showcase their expertise to contribute to solving industrial challenges. By leveraging new technologies, it addresses a wide range of challenges increasing efficiency, productivity and sustainability in the industry, as well as facilitating access to finance, which is critical to driving industrial transformation. Participants of the AI ​​Innovation Program will receive access at no cost. Diverse network of technology developers.The initiative enables knowledge sharing and overcomes financial barriers to accelerate the development, implementation of customized and innovative AI solutions, the development of cutting-edge technologies and new solutions to address the UAE's critical industrial challenges. supports, as well as establishes the country as a competitor. Players in the technology development sector Sara Al Amiri, Minister of State for Public Education and Advanced Technology, said: “As an early mover in the field of advanced technology and AI, the UAE committed to pioneering policies, frameworks and programs to pave the way Is." The country has already crossed important milestones in this sector thanks to the integration of innovative advanced technology and AI solutions in the industry and the Innovation Program will unlock a new wave of value i efficiency, productivity and investment through connecting the industry This program will help developers, startups and industrial partners to foster stronger synergy between business and technology developers when it comes to offering innovative solutions to industrial challenges. Coordination will be ensured. Ahmed Mohammed Al Naqbi, Chief Executive Officer of Emirates Development Bank, said: “The AI ​​Innovation Program is set to be transformative by building a niche industry while enhancing the economic impact of the EDB. This strategic program and our $100 million AI financing solution These are important milestones in building the future." -Poised for the UAE to be a globally competitive industrial sector. By harnessing the power of AI and fostering collaboration, we open up new opportunities for growth, innovation and sustainable development across our five priority sectors. Al Naqbi emphasized that this focus on advanced technologies is in line with the UAE's industrial strategy and national objectives for sustainable development and a circular economy. He added: "EDB is committed to providing financial solutions to businesses in sectors critical to the future of the UAE. Committed to renew and expand access to capital. Manufacturing and advanced technology are two of your priorities, and this AI financing solution further highlights EDB's role in empowering businesses and innovators to not only shape but create the UAE's industrial future.''