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

DUBAI, UAE, April 4, 2022 /PRNewswire/ — The second version of the world wide FoodTech Challenge, that seeks to uncover the future wave of technologies innovations on the cusp of transforming traditional agriculture procedures, proficiently and sustainably, was introduced at the EXPO2020 Dubai, and currently unveils the competition’s pooled prize total of US $2 million.

FoodTech Challenge Logo

Focused at early-stage start out-ups, ranging from worldwide college-centered analysis teams to specific business owners and compact corporations, the competition invites innovations relevant to two critical tracks: ‘food production’ to deal with the availability and abundance of food items and discover ‘next gen’, nutrient rich possibilities, and ‘food loss and waste’ to make sure sustainability throughout the meals provide chain and the planet a lot more broadly.

With a pooled prize of up to US $2 million, the winners will be presented an option to scale-up their small business design inside of the UAE, supported with R&D, start off-up acceleration, professional incentives and mentorship to just take winning principles from lab-to-sector. Apps are becoming encouraged from all over the world, with a priority on agri-tech concentrated nations.

The FoodTech Obstacle is organised by the UAE Ministry of Local weather Change and Ecosystem and Tamkeen, an Abu Dhabi entity that companions with top area and intercontinental establishments to provide assignments that enrich the UAE’s social, cultural and instructional landscape. For this version of the competitiveness, they are joined by ASPIRE, the programme management pillar of the Innovative Technological innovation Research Council (ATRC), which oversees engineering related R&D funding for Abu Dhabi and the broader UAE. Each and every track is also being supported by a community champion, with ADQ and Silal becoming the observe partners for growing meals creation, and Emirates Basis the track companion for decreasing food stuff decline and squander. 

Commenting on the start, Her Excellency Mariam Almheiri, Minister of Local weather Adjust and Natural environment, said: “The value of meals security has under no circumstances been a lot more pertinent, with supply chain problems and local climate alter disrupting the entire world as we know it. The pressure is on for us to rethink foods for the potential, to rethink resilient agricultural practices, and to leverage the ideal of technological improvements in carrying out so. The FoodTech Challenge brings us closer to getting some of those options, acknowledging the important job that innovation has to enjoy in addressing our shared problems”.

Rima Al Mokarrab, Chair of Tamkeen, extra: “Responding to the UAE’s long-expression and significantly-achieving food stuff security ambitions demands daring approaches that foster innovative thoughts, newfound versions and comprehensive coordination with the worldwide agri-tech ecosystem. The FoodTech Problem provides jointly a potent consortium of multi-sector associates who push progress – supporting sustainable, technological know-how-pushed, commercially feasible solutions to prosper right here in the UAE”.

With a concentration on breakthrough systems, His Excellency Faisal Al Bannai, Secretary Typical of ATRC, explained: “The UAE is a single of the most exciting places in the globe appropriate now when it will come to innovation and harnessing the power of reducing-edge engineering to assistance discover the responses to some of society’s most pressing issues. The FoodTech Problem is still yet another superb instance of this with the UAE internet hosting the brightest minds on the world as they come jointly to collaborate, examine, and press the boundaries in agri-tech.”

The competitors is additionally supported by Abu Dhabi Worldwide Current market, Abu Dhabi Citizens Business, The Catalyst Accelerator, and Khalifa Fund for Company Advancement.

Applications for the Problem will stay open right until June, when submissions will be shortlisted and the top rated 10 groups specified an possibility to current their business enterprise situations at the Awarding Ceremony in November. Entrants can submit their purposes by means of www.foodtechchallenge.com.  

The 1st version of the FoodTech Challenge noticed 437 applications from across 68 international locations, with winners declared from Australia, Saudi Arabia, the UAE and the Uk.

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Source FoodTech Challenge

Stacee R. Grigg

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