Prize Details

The FoodTech Challenge prize consists of $2m cash equity-free cash and grants to support the development of solutions in the UAE and the Global South. The prize will be shared between four equal winners:

$400k Cash Prize: $100k awarded to each winner to support the ongoing development of their start-up

$800k UAE Focused Grants: $200k awarded to enable immediate local impact by further developing, testing, and deploying the winning solution in the UAE with the support of FTC’s local impact partners

$800k Global South Focused Grants: $200k awarded to each winner to advance the further development, testing, and deployment of the winning solution to their selected markets in the Global South, with the support of FTC’s global impact partners

In addition to the cash prize, finalists will receive an expense-paid trip to the UAE for the finale event. Non-winning finalists will receive a $15K prize for their participation. They will have the opportunity to engage with FoodTech Challenge partners’ in-kind support and acceleration programs, including start-up accelerators Hub71, Sheraa, and startAD; the International Center for Biosaline Agriculture; and Al Tamimi & Company.