UAE Announces US $2 Million Global FoodTech Challenge Prize to Attract Cutting-Edge Agri-Tech Solutions

DUBAI, UAE, April 4, 2022 /PRNewswire/ — The next version of the worldwide FoodTech Problem, that seeks to find the following wave of know-how innovations on the cusp of reworking common agriculture methods, efficiently and sustainably, was launched at the EXPO2020 Dubai, and now unveils the competition’s pooled prize total of US $2 million.

Specific at early-stage start-ups, ranging from global college-based mostly exploration groups to person business owners and small firms, the opposition invitations improvements connected to two important tracks: ‘food production’ to deal with the availability and abundance of food and examine ‘next gen’, nutrient rich alternate options, and ‘food decline and waste’ to make certain sustainability throughout the meals provide chain and the earth a lot more broadly.

With a pooled prize of up to US $2 million, the winners will be available an possibility to scale-up their small business design in the UAE, supported with R&D, start out-up acceleration, industrial incentives and mentorship to consider successful principles from lab-to-marketplace. Apps are being encouraged from all over the earth, with a precedence on agri-tech concentrated nations.

The FoodTech Problem is organised by the UAE Ministry of Local climate Adjust and Ecosystem and Tamkeen, an Abu Dhabi entity that partners with main nearby and worldwide establishments to provide assignments that enrich the UAE’s social, cultural and educational landscape. For this edition of the opposition, they are joined by ASPIRE, the programme management pillar of the Highly developed Technologies Exploration Council (ATRC), which oversees technological know-how linked R&D funding for Abu Dhabi and the wider UAE. Just about every track is also becoming supported by a regional winner, with ADQ and Silal staying the track companions for expanding food items manufacturing, and Emirates Foundation the keep track of lover for lessening food reduction and squander. 

Commenting on the launch, Her Excellency Mariam Almheiri, Minister of Weather Alter and Surroundings, reported: “The value of foods security has never ever been far more pertinent, with offer chain issues and local climate adjust disrupting the entire world as we know it. The pressure is on for us to rethink meals for the foreseeable future, to rethink resilient agricultural practices, and to leverage the very best of technological improvements in carrying out so. The FoodTech Obstacle brings us closer to locating some of those people alternatives, acknowledging the vital purpose that innovation has to play in addressing our shared challenges”.

Rima Al Mokarrab, Chair of Tamkeen, included: “Responding to the UAE’s extensive-time period and much-achieving food stuff security ambitions calls for daring ways that foster imaginative ideas, newfound types and extensive coordination with the world-wide agri-tech ecosystem. The FoodTech Problem delivers with each other a powerful consortium of multi-sector associates who generate progress – supporting sustainable, technological know-how-pushed, commercially practical options to thrive here in the UAE”.

With a emphasis on breakthrough technologies, His Excellency Faisal Al Bannai, Secretary Standard of ATRC, reported: “The UAE is just one of the most enjoyable locations in the world correct now when it comes to innovation and harnessing the energy of slicing-edge technological know-how to enable uncover the answers to some of society’s most urgent issues. The FoodTech Obstacle is yet a different excellent example of this with the UAE hosting the brightest minds on the world as they occur with each other to collaborate, take a look at, and force the boundaries in agri-tech.”

The competition is moreover supported by Abu Dhabi Worldwide Market, Abu Dhabi Residents Workplace, The Catalyst Accelerator, and Khalifa Fund for Enterprise Growth.

Programs for the Challenge will stay open up until June, when submissions will be shortlisted and the best 10 groups specified an opportunity to existing their company situations at the Awarding Ceremony in November. Entrants can submit their applications via www.foodtechchallenge.com.  

The to start with version of the FoodTech Challenge observed 437 purposes from across 68 nations around the world, with winners declared from Australia, Saudi Arabia, the UAE and the United kingdom.

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