Masdar City & DANA unite to support early-stage agritech startups

  • Date: 07-Jun-2022
  • Source: GCC Business News
  • Sector:Agriculture
  • Country:UAE
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Masdar City & DANA unite to support early-stage agritech startups

Masdar City, one of the world’s most sustainable urban communities, and DANA, the Abu Dhabi-based venture builder and investment platform, have signed a Memorandum of Understanding (MoU) to advance food security at the national level.

Under the agreement, DANA, which supports women-led startups across the sectors of agritech, energy and water solutions, and circular economy, will build its first Abu Dhabi-based beta site in Masdar City.

The beta site will test the feasibility of early-stage agritech projects that can be developed and piloted in Abu Dhabi. The beta site will focus on local and regional startups with solutions between the ‘pre-seed’ and ‘Series A’ development phases upon completion.

The MoU was signed by Mr. Abdulla Balalaa, Executive Director, Masdar City, and Ms. Zada Haj, CEO of DANA, at an official ceremony in Abu Dhabi.

Abdulla Balalaa

Executive Director – Masdar City “R&D has always been the catalyst for bringing innovative projects to life, driving essential reform, and delivering positive change across industries and society. As the only planned and approved R&D cluster in Abu Dhabi, Masdar City, will ensure these outcomes continue and play a central role in shaping the sustainable industries of tomorrow by welcoming startups, and supporting their projects as they transition from