UAE: Global FoodTech Challenge announces winners of $2 million prize in Abu Dhabi

  • Date: 18-Jan-2023
  • Source: Gulf News
  • Sector:Agriculture
  • Country:UAE
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UAE: Global FoodTech Challenge announces winners of $2 million prize in Abu Dhabi

The finalists, who showcased their high-tech concepts at ADSW, represented a diverse demographic – with 33 per cent led by young CXOs (Chief Experience Officers) between the ages of 22-35 years old, highlighting the role of the next generation in developing sustainable solutions to food security.

With a pooled prized of up to $2 million, the four winners will be invited to scale-up their business models within the UAE and will be supported with a cash award plus R&D, start-up acceleration, commercial incentives, and mentorship from an extensive range of partners, including ASPIRE, Silal, ADQ, Emirates Foundation, Hub71, Ma’an, The Catalyst, ADGM, ADRO, the Competitive Office of Abu Dhabi, and Khalifa Fund.

While the other finalists may not have taken home the prize, they all represent promising solutions that can be scaled.

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