Masdar City, Dana sign MoU to develop beta site for innovative agritech pilot projects, testing in UAE

  • Date: 07-Jun-2022
  • Source: Khaleej Times
  • Sector:Oil & Gas
  • Country:UAE
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Masdar City, Dana sign MoU to develop beta site for innovative agritech pilot projects, testing in UAE

The beta facility will promote local innovation and provide a next-generation platform for startups to showcase the potential of their homegrown agrifood solutions ahead of market entry.

Published: Tue 7 Jun 2022, 7:38 PM Last updated: Tue 7 Jun 2022, 7:41 PM

Masdar City, the regional home of technology innovation and R&D in Abu Dhabi, 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, contribute to agritech sustainability, and support the UAE in meeting key objectives in line with the National Food Security Strategy 2051.

Under the agreement, Masdar City and 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.

Ahmed Baghoum, acting executive director, Masdar City, said, “R&D has always been the catalyst for bringing innovative projects to life, driving essential reform, and delivering positive