The startup is affiliated with Abu Dhabi’s Hub71, and has ambitious plans to evolve the global food tech sector.
The initiative was announced at the COP28 summit and will help selected startups with a $200,000 cash injection and further incentives.
Startups may be eligible for up to $204,000 to help accelerate growth and hasten their contribution to the local economy.
Hub71+ Digital Assets will give startups access to venture capital companies and technology providers in Abu Dhabi and beyond.
Companies from 6 individual countries have been welcomed by the Abu Dhabi-based tech ecosystem in the latest round of admissions.
The global tech ecosystem’s new venture will help family offices to access technology and startup investments in the region.
According to the deputy chief executive, companies within the organization have generated over $680 million and created hundreds of direct jobs.
The selected startups specialize in industries including fintech, healthtech, foodtech, cleantech, and logistics.