Abu Dhabi Investment Office offers startups $41mln in AgTech incentives

Abu Dhabi Investment Office offers startups $41mln in AgTech incentives

The programme will encourage using technological innovation to advance farming practices and improve food production capabilities, whether by solving pre-existing problems or improving established methods.Mariam bint Mohammed Almheiri, Minister of State for Food Security, had said the National Food Security Strategy has set a 2021 target of improving domestic yield by 30 percent using technology-enabled production methods.“Non-financial incentives make up a large part of our packages including access to land and other ecosystem connections to help ensure the company's long-term success in Abu Dhabi,” Tariq said.For AgTech's second around, ADIO is partnering with three companies - Houston based in-space services company Nanoracks, FreshToHome, which is expanding its operational and processing capabilities in the UAE, and Pure Harvest, which will invest in an algae-based project at its new Abu Dhabi farm