Home Industry Education UAE’s Khalifa University launches investment arm with Dhs100m endowment The newly formed Khalifa University Enterprises Company will act as the business and investment arm of the university by Varun Godinho November 29, 2021 Abu Dhabi’s Khalifa University of Science and Technology has launched the Khalifa University Enterprises Company (KUEC) which will act as the business and investment arm of the university. The new company is funded by an endowment of Dhs100m. It is expected encourage innovation and stimulate the creation of technology startups, while motivating students and alumni to explore entrepreneurship based upon university research outputs. KUEC will include ‘Innovation Acceleration and Startups’ and KU Ventures, which will support establishing and operating non-IP technology companies. KUEC also includes the Endowment Fund that will allocate funding for investments and operations. Established and structured in consultation with three partners, Khalifa University Enterprises Company will leverage the support of the leading asset manager BlackRock and global financial services firm JPMorgan. On the innovation side, Techstars will play a pivotal role in the growth and scaling of UAE startups. .@KhalifaUni has launched Khalifa University Enterprises Company (KUEC), to accelerate innovation and the economic impact of the university’s research and intellectual property. pic.twitter.com/VoK3xwU2AE — مكتب أبوظبي الإعلامي (@admediaoffice) November 28, 2021 BlackRock will invest the endowment assets on behalf of Khalifa University Enterprises Company in a diversified global portfolio, while JP Morgan will provide custodial services to KUEC, supporting the asset management part of the endowment. Techstars will focus on reviewing Khalifa University’s patents, conducting research to identify commercial suitability and viability, as well as in market assessments and validation that will then likely lead to development of prototypes and use cases. KUEC will work in collaboration and partnership with Khalifa University’s Technology Management and Innovation office to help generate commercial outputs of the university’s intellectual property and introduce university spin-outs to the market. Similarly, Khalifa University Enterprises Company will work with the university’s Finance and Business Development office to ensure that external partners and entities benefit from university resources and assets. Dr. Arif Sultan Al Hammadi, executive vice president, Khalifa University, said: “The Khalifa University Enterprises Company will usher in a new research-education-economy ecosystem paradigm in Abu Dhabi, the UAE and the region. The intellectual, innovation and financial revenue coming out of KUEC will advance and enhance the university’s mission in research and innovation.” Tags Education finance Khalifa University Khalifa University Enterprises Company UAE 0 Comments You might also like Flying Taxis: How Archer aims to revolutionise travel in the UAE UAE to announce petrol, diesel prices for January; will rates drop in 2024? How REITs are unlocking the potential of UAE real estate GCC region M&A blazes trail as global deals decline