Tech start-ups that can do “more for less” to address food security challenges in the underdeveloped global south have a prize pool of $2 million in the latest UAE FoodTech Challenge.
Four winning start-ups will win $500,000 each to turn their ideas into reality under the challenge launched this week in New York at the Clinton Global Initiative 2024 during the continuing UN General Assembly. It's organised by the International Affairs Office at the UAE Presidential Court and Tamkeen.
In its third year, the challenge focuses on three vital areas: food and water resources, sustainable food and energy systems, and the reduction of food loss and waste.
Rima Al Mokarrab, Chair of Tamkeen, and Co-Chair of the FoodTech Challenge said the world needs innovations that can do more with less to advance global food security, promote more sustainable agriculture and build greater resilience in food systems.
“By 2050, we’ll need to feed 10 billion people – 2 billion more than today – and to do that, the world needs to produce more food,” Ms Al Mokarrab told The National.
“So, we have to produce more food with less … less water, less energy and less waste, all while facing the pressures of climate change.
“That is why the FoodTech Challenge focuses on the food-water-energy nexus and the fight against food waste.”
This year, the challenge particularly focuses on supporting Global South countries grappling with intensifying heat, water scarcity and degraded agricultural land.
“The climate challenges faced by these countries are no longer isolated – they’re becoming global issues that the UAE understands all too well,” said Ms Al Mokarrab in a written response.
She said innovators can leverage the UAE’s desert conditions as an ideal testing ground, allowing solutions to be piloted before scaling to other similarly harsh and water-scarce environments in the Global South.
The FoodTech was first launched in 2019 by Tamkeen and the UAE Food Security Office, and the competition attracted 437 start-ups from 68 countries. The second edition of the challenge launched during Expo 2020 Dubai saw participation from 667 start-ups from 79 countries.
Previous competitors have presented remarkable technologies, from novel techniques for developing carbon-negative plant-based protein to reducing food waste using AI image recognition, to maintaining the cellular structure of food while hyper-freezing.
Saudi-based agritech, Iyris (formerly Red Sea Farms), which was among last year's winners, raised over $34 million and introduced its technologies across Silal farms in Abu Dhabi.
Mariam Almheiri, co-chair of the FoodTech Challenge, said the competition is not just about funding ideas but nurturing companies towards “real-world application”.
“The UAE serves as a living laboratory, a real-world testing ground where winners can refine and scale their solutions in an environment that mirrors the challenges faced by many nations, particularly those with arid climates,” Ms Almheiri, who is also the Head of International Affairs Office at the Presidential Court, told The National.
“We have designed the challenge to be more than just a competition; it's a launch pad for the next generation of food tech leaders,” she said.
Ms Almheiri said the FoodTech Challenge reflects the UAE’s commitment to its National Food Security Strategy 2051 which aims to put the nation on the world’s food security index by 2051. It also aligns with the Cop28 Declaration on Food and Agriculture, which emphasises the importance of resilient food systems. The challenge seeks to address issues with funding and regulatory protocols that start-ups often face.
“Our prize provides a vital injection of early-stage funding, allowing start-ups to focus on refining their technologies and scaling their operations.”
She said the challenge recognises the potential of technology in revolutionising food systems and enhancing food security, such as precision agriculture that uses sensors and artificial intelligence to increase yields, and alternative proteins for ethical and more sustainable meat production.
With global food systems accounting for one-third of greenhouse gas emissions, she said the UAE is committed to supporting the growth of food innovation, recognising its potential to enhance food security while reducing its carbon footprint.
“Reducing food loss and waste is not just an environmental imperative; it's an obligation,” she said.
“We see tremendous potential in technologies and practices that minimise waste throughout the food supply chain, from farm to table.”
Applications for the competition close on December 12 and finalists will be selected in April next year. Entrants can submit their applications at www.foodtechchallenge.com.
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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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Reading List
Practitioners of mindful eating recommend the following books to get you started:
Savor: Mindful Eating, Mindful Life by Thich Nhat Hanh and Dr Lilian Cheung
How to Eat by Thich Nhat Hanh
The Mindful Diet by Dr Ruth Wolever
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What the law says
Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
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