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Ajman University first in UAE to earn accredited business incubator status awarded by the Global Innovation Institute

Monday, May 10, 2021
Ajman University first in UAE to earn accredited business incubator status awarded by the Global Innovation Institute

Ajman University’s Innovation Center (AUIC) has received the Accredited Business Incubator (ABI) certification by the Global Innovation Institute (GInI) for providing a highly conducive environment for the launch of a globally competitive start-up businesses.  AU is the first UAE university to earn Gini’s coveted ABI certification for nurturing globally competitive start-ups by students and other budding entrepreneurs. GInI is the world’s leading professional certification, accreditation, and membership association in the field of innovation that maintains a highly rigorous and evidence-based accreditation program for business organizations.

“This is tremendous news for AU and of course for UAE, adding more weight to our excellent reputation as an innovation center for innovation and a magnet for high-tech businesses,” AU Chancellor Dr. Karim AL Seghir said.

The AUIC began efforts to develop the incubator in 2016, and accelerated those efforts when Dr. Chuloh Jung became AUIC director in 2017. AUIC had the ambitious goal to lead the MENA region in the innovation and development of startups.

“The mission of AUIC is to provide an innovation platform to students, alumni, faculty, industry, government and society in order to achieve significant economic and social benefits for the engaged stakeholders through sharing and implementing innovative ideas and solutions to resolve existing problems and address future challenges. We are happy that our work has been recognized with this renowned incubator certification by GInI,” Jung said.