ADIO offer AED 152 million incentives to three new AgTech partners

SourceSME10X
SectorAgriculture
CountryUAE

The Abu Dhabi Investment Office (ADIO) has entered into partnerships with Pure Harvest Smart Farms (Pure Harvest), FreshToHome and Nanoracks that will see the companies receive financial and non-financial incentives totalling AED 152 million. The research and technologies developed by these companies will expand existing capabilities in Abu Dhabi’s AgTech ecosystem and promote innovation in the sector to address global food security challenges.The new partnerships are a continuation of ADIO’s efforts to accelerate the growth of Abu Dhabi’s ecosystem through its AgTech Incentive Programme, which was established under Ghadan 21, Abu Dhabi’s accelerator programme. The Programme is open to both local and international AgTech companies. The partnerships follow ADIO’s AED 367 million (USD 100 million) investment earlier this year to bring four other AgTech pioneers – AeroFarms, Madar Farms, RNZ ...read more...