Applications are now open for Dubai Holding's 'Innovate for Tomorrow Challenge’, inviting entrepreneurs to share impact-driven solutions addressing critical sustainability challenges in the UAE.
The initiative aims to support entrepreneurial talent to develop future-focused sustainability solutions that can help in driving a circular economy in the UAE and accelerate its path towards net-zero.
Open to global innovators and scale-up companies worldwide, 'Innovate for Tomorrow' provides an opportunity to submit sustainability solutions in the form of either a Minimum Viable Product (MVP), service, process or a combination, with a particular emphasis on fostering responsible consumption and production practices in alignment with the UN Sustainable Development Goal (SDG) 12.
This includes areas such as economic circularity, resource efficiency, supply chain sustainability, waste reduction and consumer education.
"Through initiatives such as this, we actively pursue transformative opportunities to strengthen our contribution to national sustainability agendas, including reinforcing Dubai’s ambition to reduce its environmental impact, as well as cementing our position as a catalyst for meaningful change in the UAE and beyond," said Huda Buhumaid, Chief Impact Officer at Dubai Holding.
The winner and runner-up, expected to be revealed in May 2024, will be selected following a rigorous evaluation process and will receive a comprehensive rewards package.
This includes access to TECOM Group’s in5 business incubator, and a nominal cash prize for each.
The winner will also have the exclusive opportunity to implement the solution through a pilot programme with Dubai Holding and will receive tailored mentoring by industry experts from across the Group.
In addition, the five finalists will have the opportunity to attend an investor pitch day to showcase their innovations to key industry stakeholders.
To ensure equal opportunity and access for all participants, there are no registration fees for application. Submissions are open until Sunday, March 31.
.@dubaiholding opens submissions for the 'Innovate for Tomorrow Challenge’, inviting global innovators to share scalable and impact-driven solutions addressing critical sustainability challenges in the UAE. The challenge is open for submissions until Sunday 31 March 2024. #Dubai… pic.twitter.com/haqlzUDDTY— Dubai Media Office (@DXBMediaOffice) February 1, 2024