UAE offers US$2 million for innovative food tech


The United Arab Emirates (UAE) has launched the second edition of its global FoodTech Challenge. The contest aims to find innovative solutions to transform traditional agriculture practices into efficient and sustainable workflows. The competition targets early-stage start-ups. These can range from international university-based research teams to individual entrepreneurs and small firms.
Organised by the UAE Ministry of Climate Change, the competition invites innovations related to two critical tracks. The first is 'food production to address the availability and abundance of food and explore next-generation, nutrient-rich alternatives. The second track is 'food loss and waste' to broadly ensure sustainability across the food supply chain and the planet. 
Aside from the $2 million prize money, the winners will have an opportunity to scale up their business model within the UAE. The winning entries will be supported by R&D, start-up acceleration, commercial incentives, and mentorship to take the concepts from lab to market. Applications are being encouraged worldwide, with a priority on agri-tech concentrated nations.
The first edition of the FoodTech Challenge saw 437 applications from across 68 countries, with winners announced from Australia, Saudi Arabia, the UAE, and the UK. Entrants can submit their applications via www.foodtechchallenge.com.

(Image from Unsplash)

Post a Comment

0 Comments