The program generates high economic value and creates social and strategic benefits to the UAE. The Tawazun Economic Program develops new projects that contribute to the wider industry ecosystem. It enables a diverse approach to technology transfer that addresses the actual needs of industry and the end users.
The Tawazun Economic Program
The Tawazun Economic Program aims to:
Attract local and foreign capital
Promote long-term partnerships
Create opportunities in identified strategic sectors in the UAE
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Defense and Security Development Fund
The Defense and Security Development Fund was established by Tawazun as an enabler that contributes to the economic development of the UAE’s Defense and Security industry. The Fund focuses on strategic technology development, supports SMEs in the private sector and promotes innovation and industrial capabilities.
The fund, realizing its industry objectives, contributes to the growth of the defense and security industry across three key segments:
Strategic Technology Investment
Secure and develop critical technologies through strategic investment and acquisitions.
Mechanism and approach:
- Acquire IP or Exclusive license rights (locally or internationally)
- Acquisition of international businesses
- Fund development of tech/IP (locally or internationally)
Ventures and SMEs
Develop private ventures and SMEs through debt and minority stake investment to promote local manufacturing and technology development.
Mechanism and approach:
- Venture debt: Funding capital expenditures
- Tech development: Funding of development IPs and technologies through equity and IP ownership
Innovation and Industrial Capability
Focused on supporting the R&D capabilities within universities, research institutes and industries in order to promote Emirati technology experts
Mechanism and approach
Funding the following:
- Early stage development in return for IP ownership
- University programs in return for IP ownership
- Development programs in collaboration with the industry