The MBRIF is a federal initiative conceived and launched by the UAE Ministry of Finance (MoF). The initiative seeks to identify and nurture high potential innovations both within the UAE and abroad. It aims to enhance growth potential of innovative businesses and shape the future of the UAEs economy. Currently, the MBRIF consists of two programs, these are:

• Guarantee Scheme (launched 2016)

• Innovation Accelerator (launched 2019)

MBRIF focuses on the seven sectors of the UAE National Innovation Strategy: Space, Transport, Education, Technology, Water, Clean Energy and Health.