UAE offers $2mln prize money for startups in agri-tech innovation

The UAE is offering a prize money of up to $2 million for startups that can propose cutting-edge agri-tech solutions for food production and management in the country. 

The competition is organised by the UAE Ministry of Climate Change and Environment.

Targeted at early-stage start-ups, including international university-based research teams, individual entrepreneurs and small firms, the pooled prize is part of this year’s edition of the global FoodTech Challenge that invites innovations related to two critical tracks: food production, and food loss and waste. 

The competition seeks to address the availability and abundance of food and explore “next gen”, nutrient-rich alternatives, as well as ensure sustainability across the food supply chain and the planet.  

With the award, entrepreneurs will earn the opportunity to scale up their business model within the UAE.  Applications are being encouraged from around the world, with a priority on agri-tech concentrated nations. 

 

Source: https://www.zawya.com/en/smes/finance/uae-offers-2mln-prize-money-for-startups-in-agri-tech-innovation-sx9c894u

 

Share this page Share on FacebookShare on TwitterShare on Linkedin
Close

Read our latest publication

'Bahrain-France Investor Guide' -
is YOUR guide to invest in Bahrain and in France. Click here to view the online guide