Abu Dhabi: The Masdar City Free Zone has introduced a new licensing package for start-ups and businesses focused on artificial intelligence (AI). The package is part of a collaboration between Masdar City and Mohamed Bin Zayed University of Artificial Intelligence (MBZUAI) designed to accelerate AI growth in the region.
AI-focused businesses of any size will be able to begin operations in Masdar City with a tailored package that includes licensing and office space starting at Dh12,000 per year. Students and faculty of MBZUAI who wish to open an AI company within the Masdar City Free Zone will receive a 50 per cent discount for the first two years of operations.
The programme is an outcome of a Memorandum of Understanding signed at Abu Dhabi Sustainability Week between the Masdar City-based university, Masdar City, and The Catalyst, Masdar City’s venture arm, which invests in clean tech start-ups.
“The Masdar City Free Zone is dedicated to innovation,” said Amier Al Awadhi, the acting director of the Masdar City Free Zone.
“This new package will help us harness the potential of AI to transform the tech industry through automation, adaptation, and personalisation,” Al Awadhi said. “We’re working with Mohamed Bin Zayed University of Artificial Intelligence to grow and scale even more leading-edge businesses and projects that will further position the UAE as a global technology hub.”
“In line with MBZUAI’s visionary mission to support Abu Dhabi’s efforts in becoming a hub for AI start-ups and towards a knowledge-based economy, our commitment is to nurture a talent pipeline rich in advanced AI expertise,” said Sultan Al Hajji, the vice president of public affairs and alumni relations at MBZUAI.
“We aim to cultivate a vibrant ecosystem where cutting-edge research fuels start-ups with the potential to transform industries and shape a brighter future for society.”