Sultan Al Qasimi witnesses MoU between AUSE and Oxford Sciences Innovation
21 May 2017
LONDON: His Highness Dr Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, President of the American University of Sharjah, AUS, has witnessed in London the signing of a Memorandum of Understanding, MoU, between AUS Enterprises, AUSE, and Oxford Sciences Innovation, OSI, a company that develops science and technology as a business from the UK’s University of Oxford, to mutually enhance the innovation ecosystems of the Emirate of Sharjah and the City of Oxford.
The agreement aimed to boost OSI’s efforts to strengthen innovation-based collaboration with local and regional leading academic institutions and enterprises. OSI’s expertise will be particularly valuable to the growth of Sharjah’s Research, Technology and Innovation Park, RTI, as a highly capable enabler of innovation under the provision of AUSE.
The agreement will also support the university’s mission of expediting economic diversification and the creation of new jobs in preparation for the UAE’s post-oil era, expanding knowledge-based industries for sustainable economic growth and firmly establishing Sharjah as a catalyst for regional development.
AUSE and OSI will collaborate on programmes and activities related to innovation, entrepreneurship, and investment for bilateral development. AUSE will assist OSI’s portfolio companies in accessing MENA markets through joint promotion, marketing, soft-landing services and access to the regional business community.
Commenting on the MoU, Hussain Al Mahmoudi, CEO of AUSE, said, “Our partnership with Oxford Sciences Innovation is the latest of our successful engagements with globally renowned innovation-oriented institutions geared towards enriching the innovation landscape of Sharjah. This is a vital agreement given OSI’s prestigious level as the largest education portfolio in the world, at a private university worth nearly Dhs 3 billion, supported by remarkable achievements in translating scientific and technological concepts emerging from one of the world’s leading universities into profitable commercial pursuits. OSI’s expertise will be particularly valuable to the growth of RTI as a highly capable enabler of innovation, in line with the vision of Dr Sheikh Sultan Bin Mohammed Al Qasimi, Supreme Council Member and Ruler of Sharjah, to uphold innovation and entrepreneurship as pillars for Sharjah’s growth.”
Simon Hombersley, CEO of Oxford Flow , said, “AUS Enterprises is an ideal partner for us to bring our unique brand of cutting-edge research to the Arab world. It fully understands our philosophy of providing the financial and human capital to bring the University of Oxford’s breakthrough science to market, and its direct involvement in RTI Park provides us with local access to advanced research and technology tools and facilities. We look forward to helping spread a culture of innovation across Sharjah’s academic, business and government spheres and achieving mutual growth for our respective institutions and localities."