DUBAIUAE, April 4, 2022 /PRNewswire/ — The second edition of the international FoodTech Challenge, which aims to bring to light the next wave of technological innovation at the start of the efficient and sustainable transformation of traditional agricultural practices, was held at the EXPO2020 Dubai and today unveils the combined $2 million prize for the competition.
Aimed at young startups, from international university research teams to individual entrepreneurs and small businesses, the competition invites innovation in two crucial areas: food production, to address food availability and abundance, and to explore “next generation” and nutrient-rich alternatives , and food loss and waste to ensure the sustainability of the food supply chain and the planet at large.
With a combined prize of up to US$2 million, winners will have the opportunity to expand their business model in the UAE with R&D support, start-up acceleration, business benefits and mentoring to bring winning concepts out of the lab the market. International applications are encouraged, however preference will be given to countries that are dominant in agricultural technology.
The FoodTech Challenge is organized by the United Arab Emirates Ministry of Climate Change and Environment and Tamkeen, an organization ofAbu Dhabi which works with leading local and international institutions to carry out projects that enrich the social, cultural and educational landscape of the United Arab Emirates. For this edition of the competition, they are supported by ASPIRE, the program management pillar of the Board of Advanced Technology Research (ATRC), which oversees technology-related R&D funding for Abu Dhabi and the entire UAE. Each sector is also supported by a local champion, with ADQ and Silal being the local partners when it comes to increasing food production and the Emirates Foundation being the partner for reducing food loss and waste.
Commenting on the launch, Her Excellency Mariam Almheiri, Minister for Climate Change and Environment, said: “The importance of food security has never been more important due to supply chain challenges and climate change that is shaking the world as we know it. Faced with these pressures, we need to rethink food for the future, rethink resilient farming practices and leverage the best of technological advances. The FoodTech Challenge brings us closer to some of these solutions and recognizes the essential role innovation must play in addressing our shared challenges. »
Rima Al-Mokarrab, President of Tamkeen, added: “Meeting the UAE’s far-reaching and long-term ambitions for food security requires bold approaches that encourage creative ideas, new models and full coordination with the global agrotechnology ecosystem. The FoodTech Challenge brings together a strong consortium of cross-industry partners who get things done by supporting sustainable, technologically and economically viable solutions to thrive here in the UAE.”
Highlighting cutting-edge technologies, His Excellency Faisal Al Bannai, ATRC Secretary General said: “The UAE is a ‘place to be’ at the moment when it comes to innovation and development Answers to some of society’s most pressing problems The FoodTech Challenge is another great one Example. The UAE welcomes the world’s brightest minds to collaborate, explore the frontiers of agricultural technology and push it together. »
The competition is also supported by the Abu Dhabi Global Market, Abu Dhabi Residents Office, The Catalyst Accelerator and the Khalifa Fund for Business Development.
Applications for the challenge are open until June, when entries will be shortlisted and the top 10 teams will have the opportunity to present their case studies at the awards ceremony in November. Participants can submit their application at www.foodtechchallenge.com.
When The first edition of the FoodTech Challenge received 437 entries from 68 countries and the winners came from Australia, Saudi Arabia, the United Arab Emirates and the United Kingdom.
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