Foodtech Challenge (FTC) has preselected 42 new innovative companies in early stages for their solutions promoted by technology that have the potential to transform global food systems.
Organized by the Office of International Affairs in the Presidential Court of the EAU and Tamkeen and delivered in association with the Gates Foundation, Ne’MA, the Food and Waste loss initiative of the EAU, and Silal, a leading agricultural food company of the EAU, the third iteration of the FTC offers its greatest prize in cash to date. The competition was announced at the annual meeting of the Global Clinton initiative in 2024.
At the end of this year, four winners will receive an action of $ 2 million in cash subsidies. In addition to the financing, each winner will benefit from the market support and access to a global network that drives them to display their solutions in the EAU and scale throughout the global south. With its desert arid climate, a limited cultivable country and scarce fresh water resources, the EAU sacrifice an ideal pitcher for pioneering innovations that can adapt to similar envies worldwide.
The pre-selected candidates of FTCS were selected by a panel of more than 30 technical and commercial agency agriculture, risk capital, climate sciences, food and political systems.
The judges received more than 1,200 tickets from 113 countries, an 80% increase in requests on the previous edition. Presentations have innovative solutions, from dairy products cultivated in laboratory and regenerative crop algae to crop monitoring with biodegradable hydrogels.
The new companies of the EAU represented 16% of the semifinalist cohort, underlining the appearance of Emirates as a global center for agricultural innovation, while 40% have at least one co-founder and 33% are directed or co-direct by youth entrepreneurs. The Cohort Includes startups from Australia, Austria, Brazil, Egypt, France, Ghana, India, Indonesia, Israel, Italy, Japan, Kenya, Malaysia, Morocco, Norway, Pole Tunabia, Tunabia, Tunabia, Tunabia, Tunabia, Tunabia, Tunabia, Tunabia, Tunabia, Tune Uganda, the Eau, the United Kingdom and the United States.
Khuloud Hassan Al Nuwais“ Sustainability Director, general secretary of the Emirates Foundation Committee and the Nema Committee, said: “The Third Edition of the food tech challenge continues to spotlight the power of innovation in transforming the future of food systems. This year The Most Pressing Challenges Facing from Smart Packaging and Ai-Driven Analytics and Renewable Energy Solutions, Thesis of the Bold, Cross-Sectoral Approaches, and SectorSte-sectorsBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEBEINTE PRIAKE OF THIS PLATFORM THAT ACCELDING THE IMPACTED SOLUTIONS AND CONTRACT TO THE CONSTRUCTION OF A COMMUNITY.
Salei, executive director of SILAL, said: “As the uae emerges as a Global Leader in Agri-Tech Innovation, We Take Pride In contribution to its Successes by Supporting Initiatives Such As The Foodtech Challenge. Bold and Scalable Solutions Requions Cohyth, and This Yarnaty and This Yarnat, and This Yar, and This Yarch, and This Yarch, and This Yarched and This Yarch, and this jump and this lunch and this thovative, and this goes crazy and this thymus.
In the next phase of the competition, the new selected companies will participate in a series of interviews and launches, which finally leads to the selection of a final Top 10 list.
The final judges for the third edition of the FTC include He Mariam Almheiri, head of the official international affairs of the Presidential Court of the EAU and co -president of the FTC; Rima al Mokarrab, president of Tamkeen and Co -President or FTC; HRH Prince Khaled Bin Alwaleed Bin Talal Al Saud, Founder and CEO or Kbw Ventures; Khuloud Hassan Al Nuwais, director of Sustainability, Emirates Foundation and Secretary General of the Ne’MA Committee; Rodger Voorhies, president of Global Growth & Opportunity at the Gates Foundation; Dr. Shamal Mohammed, CEO of Innovation Oasis in Silal; Dr. Ismahane Elouafi, Executive Managing Director of CGIAR; and Dr. Agnes Kalibata, president of AGRA and former special envoy of the UN of the Food Systems Summit.
Released under the National Food Security Strategy of the USA. With an estimate of two billion more people to feed for 2050, the competition is anchored in the widest vision of the EAU for food security by identifying and supporting solutions related to the food link, reducing food loss. And accelerating.
The winners of previous editions have achieved remarkable success, ensuring follow -up funds, forming strategic associations and taking their innovations to the market. Among them are Iyris (previously Red Sea Farms), which has raised more than $ 34 million as their victory and climbed its technologies in Silales farms in Abu Dhabi and Orbisk, which completed a total of € 82. Total of $ 60 million for their solutions after their participation in the challenge.
To explore the complete list of 42 semifinalists and get more information about Foodtech Challenge, visit www.foodtechhallenge.com.
