Abu Dhabi based start-up The Concept is partnering with Etihad Airways to develop an inflight smart tray. Etihad
Abu Dhabi based start-up The Concept is partnering with Etihad Airways to develop an inflight smart tray. Etihad
Abu Dhabi based start-up The Concept is partnering with Etihad Airways to develop an inflight smart tray. Etihad
Abu Dhabi based start-up The Concept is partnering with Etihad Airways to develop an inflight smart tray. Etihad

Abu Dhabi start-up teams up with Etihad to develop inflight smart tray to reduce food waste


Fareed Rahman
  • English
  • Arabic

Abu Dhabi start-up The Concept has teamed up with Etihad Airways to develop an in-flight smart tray that helps to monitor how much food is consumed by passengers.

The Neos Fly+ concept is expected to reduce food waste on flights.

“With the aim of providing data to reduce an industry-wide food waste problem estimated to be around $3.9 billion per year, the technology will be developed to act as a data collection hub for airlines,” said the company, which is part of technology accelerator Hub71 at the Abu Dhabi Global Market.

The tray, made from recycled cabin waste such as plastic bottles, features an embedded smart chip that will relay live information to a cabin trolley receiver.

The chip will provide data on whether a meal was consumed or not and shed light on what percentage was eaten.

“We look forward to this innovative partnership with Etihad Airways that will enable us to develop Neos Fly+ locally in the UAE and is yet another testimony to how companies in the UAE are aligned together towards creating a sustainable impact globally,” said Yadhushan Mahendran, co-founder of The Concept.

Mr Mahendran set up the company alongside Maria Sobh and Muhammad Rijal in 2017. It has secured $250,000 in investment so far.

Its backers include a private angel investor and Intelak, the UAE’s first aviation-oriented incubator.

The start-up also received funding from the Sharjah Entrepreneurship Centre’s Sheraa incubator programme and Mubadala Investment Company through The ­Gothams-Hub71 Accelerator programme.

The Gothams programme focuses on building the next generation of aerospace and defence start-ups as the UAE looks to take a dominant position in the sector.

Yadhushan Mahendran (left) and Maria Sobh, founders of The Concept. Khushnum Bhandari/ The National
Yadhushan Mahendran (left) and Maria Sobh, founders of The Concept. Khushnum Bhandari/ The National

The Concept plans to raise a further $1.2 million to support its expansion and develop new products, said Mr Mahendran. The company is also looking to partner with more airlines operating in Europe and other regions to boost growth, he said.

“This research and development partnership reinforces Etihad’s commitment to sustainability and our reputation for innovation,” said Frank Meyer, chief digital officer of the Etihad Aviation Group.

“We look forward to working with The Concept on the development of the Neos Fly+, which could support our efforts to reduce food wastage.”

Hub71 was set up in March 2019 by the Abu Dhabi government, Mubadala Investment Company, the Abu Dhabi Global Market, Microsoft and SoftBank.

It is a flagship initiative of the Dh50bn Ghadan 21 economic stimulus programme.

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Citizenship-by-investment programmes

United Kingdom

The UK offers three programmes for residency. The UK Overseas Business Representative Visa lets you open an overseas branch office of your existing company in the country at no extra investment. For the UK Tier 1 Innovator Visa, you are required to invest £50,000 (Dh238,000) into a business. You can also get a UK Tier 1 Investor Visa if you invest £2 million, £5m or £10m (the higher the investment, the sooner you obtain your permanent residency).

All UK residency visas get approved in 90 to 120 days and are valid for 3 years. After 3 years, the applicant can apply for extension of another 2 years. Once they have lived in the UK for a minimum of 6 months every year, they are eligible to apply for permanent residency (called Indefinite Leave to Remain). After one year of ILR, the applicant can apply for UK passport.

The Caribbean

Depending on the country, the investment amount starts from $100,000 (Dh367,250) and can go up to $400,000 in real estate. From the date of purchase, it will take between four to five months to receive a passport. 

Portugal

The investment amount ranges from €350,000 to €500,000 (Dh1.5m to Dh2.16m) in real estate. From the date of purchase, it will take a maximum of six months to receive a Golden Visa. Applicants can apply for permanent residency after five years and Portuguese citizenship after six years.

“Among European countries with residency programmes, Portugal has been the most popular because it offers the most cost-effective programme to eventually acquire citizenship of the European Union without ever residing in Portugal,” states Veronica Cotdemiey of Citizenship Invest.

Greece

The real estate investment threshold to acquire residency for Greece is €250,000, making it the cheapest real estate residency visa scheme in Europe. You can apply for residency in four months and citizenship after seven years.

Spain

The real estate investment threshold to acquire residency for Spain is €500,000. You can apply for permanent residency after five years and citizenship after 10 years. It is not necessary to live in Spain to retain and renew the residency visa permit.

Cyprus

Cyprus offers the quickest route to citizenship of a European country in only six months. An investment of €2m in real estate is required, making it the highest priced programme in Europe.

Malta

The Malta citizenship by investment programme is lengthy and investors are required to contribute sums as donations to the Maltese government. The applicant must either contribute at least €650,000 to the National Development & Social Fund. Spouses and children are required to contribute €25,000; unmarried children between 18 and 25 and dependent parents must contribute €50,000 each.

The second step is to make an investment in property of at least €350,000 or enter a property rental contract for at least €16,000 per annum for five years. The third step is to invest at least €150,000 in bonds or shares approved by the Maltese government to be kept for at least five years.

Candidates must commit to a minimum physical presence in Malta before citizenship is granted. While you get residency in two months, you can apply for citizenship after a year.

Egypt 

A one-year residency permit can be bought if you purchase property in Egypt worth $100,000. A three-year residency is available for those who invest $200,000 in property, and five years for those who purchase property worth $400,000.

Source: Citizenship Invest and Aqua Properties

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