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Dubai: TechnoPark, the science and technology facilitator of Economics Zones World, on Wednesday signed a Memorandum of Understanding with Centro Incubador de Empresas Tecnologicas (CIETEC), one of Brazil's most important technology-based business incubator centres.
Under the agreement, signed by Hamad Al Hashemi, managing director, TechnoPark and Dr Claudio Rodrigues, president, CEITEC, the two parties will work together toward research and exchange of scientific and technology development in renewable energies, medicine and health, information technology, environment and sustainability and electronics.
Leading representatives from TechnoPark recently visited Sao Paulo with a call to promote more cooperation in the field of science and technology.
The two parties, mandated to encourage technological development via entre-preneurship, will nurture cooperation agreements between companies within CIETEC and TechnoPark.
"CIETEC and TechnoPark are both engaged in the promotion of locally-developed technology that translates easily into real-world products and services. CIETEC is instrumental in fostering entrepreneurs and technology based businesses," said Al Hashemi.
Brazil ranks second in incubation worldwide and shelters the highest number of incubators in Latin America.
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