Dubai’s Mohammed Bin Rashid Al Maktoum Foundation and the Palestine Information and Communications Technology Incubator (PICTI) have signed a memorandum of understanding to work together on projects and opportunities for economic development.
Under the MoU, the two organizations will be co-operating on initiatives aiming to encourage young entrepreneurs in the region and across the Arab world and identifying promising technology projects for incubation.
PICTI will also support the Foundation’s aims of establishing an Arab Incubators’ Network, which will provide an online resource and collaboration for new businesses and other interested organizations; as well as establishing integrated resources for promoting entrepreneurial activity across the Arab world.
The Palestine Information and Communications Technology Incubator (PICTI), is an independent Palestinian organization that has been created through the initiative and support of the Palestinian Information Technology Community. PICTI and its partner organizations have as their mission the revitalization and the sustainable growth of the Information Communication Technology (ICT) sector in Palestine, through an incubation model that will offer professional business services to Palestinian entrepreneurs who have mature concepts for unique and innovative ICT products assessed to have strong market potential.
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