PepsiCo, SABIC and partners launch the Mega Green Accelerator, powered by AstroLabs

PepsiCo, SABIC and partners launch the Mega Green Accelerator, powered by AstroLabs

The Mega Green Accelerator will be open to startups in the MENA region focusing on circular economy solutions, clean energy transition and climate mitigation technologies, including water and agriculture. The Accelerator is a collaboration between PepsiCo, SABIC, AstroLabs and other strategic partners. Dubai, United Arab Emirates: On the heels of the first week of COP28, PepsiCo, SABIC, AstroLabs and their strategic partners have announced the launch of the Mega Green Accelerator, a new initiative to nurture the next generation of innovators in the region as they develop solutions to both regional and global sustainability challenges.  The Middle East is warming almost two times faster than the global average, yet the support and investment for the sustainability innovation ecosystem in the region does not match this urgency. Since 2010, less than 50 new climate technology startups have been founded in the MENA region, compared to nearly 5,000 in Europe and the US.  The Mega Green Accelerator aims to reduce this gap, foster regional collaboration and cultivate a network of MENA-based innovators addressing the most pressing sustainability challenges in the region. The priority focus areas for the first round of the Accelerator program include circular economy, clean energy transitions, water and agriculture,