Khalifa Fund completes first version of Degree Up, publicizes profitable

ABU DHABI- Khalifa Fund for Enterprise Improvement, in cooperation with the Abu Dhabi Agriculture and Meals Security Authority (ADAFSA), ADIO Catalyst and Wageningen College and Analysis, noticed the profitable completion of the primary version of its ‘Degree Up’ undertaking that allows SMEs and startups to scale and attain new heights.

The primary model of the programme noticed 10 shortlisted agritech corporations undergo 5-weeks of coaching and mentorship, earlier than a closing pitching day the place Circa BioTech, a meals waste administration resolution, and CODE Three Fourteen Applied sciences, an organization that helps enhance agricultural yield, had been established because the profitable corporations.

Alia Al Mazrouei, Advisor to the Chairman of the Division of Financial Improvement, acknowledged, “We congratulate Circa BioTech and CODE Three Fourteen Applied sciences for popping out on the prime for this version of Degree-Up. The programme was developed to supply a whole ecosystem to assist SMEs and startups seize new alternatives and proceed to excel post-pandemic.

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“COVID-19 has modified how the world works and whereas most of those corporations recognise the urgency of reinventing their enterprise fashions to stay aggressive and propel progress, they want help in navigating this uncharted territory. Degree Up brings seamless entry to new markets, applied sciences, and experience to entrepreneurs, startups, and SMEs – who’re on the very coronary heart of Abu Dhabi’s financial system.”

Circa BioTech and CODE Three Fourteen Applied sciences are agritech corporations working to assist remedy a number of the most urgent issues associated to agriculture. Circa Biotech goals to deal with the excessive volumes of natural waste in city cities which can be generally disposed of immediately at landfills. As an alternative of dumping this waste, Circa Biotech upcycles it into high-quality merchandise utilizing Black Soldier Fly Larvae. This leads to the manufacturing of high-quality natural fertilizers, proteins, and lipids that may be utilised for aquaculture and livestock manufacturing and to boost agricultural progress.

CODE Three Fourteen Applied sciences is an Emirati-driven Abu Dhabi-based agritech software program firm growing revolutionary drone autonomous applied sciences to extend crop yield, cut back using pesticides, and deal with the issues of dwindling meals manufacturing and diminishing water sources amidst rising inhabitants numbers.

Haythem Riahi, CEO of Circa BioTech, mentioned, “The post-pandemic world has introduced forth a wholly new set of challenges and alternatives that many new corporations are grappling with. Initiatives like Degree-Up by Khalifa Fund are essential to spice up the native business and encourage SMEs and startups within the nation to maintain innovating and pushing boundaries.” Mohammad Al Moosa, CEO of CODE Three Fourteen Applied sciences, mentioned, “By 2050, the world’s rising temperatures will cut back crop yield by 2-4 p.c whereas sure areas will lose crop manufacturing completely. Then again, the earth’s rising inhabitants and its demand for meals will enhance significantly. A worldwide effort at the moment is required to deal with these points and CODE is dedicated in being a part of this world initiative.”

The initiative is designed to function in consecutive levels, every lasting from 2 to 4.5 months in keeping with specialised sectors. The format contains two months of studying and mentorship, a discussion board and demo day, and two meetup occasions. Aside from agriculture expertise, different sectors to be coated in upcoming editions embody finance, ICT, well being companies, biopharma, tourism and actual property.

By way of the emergence of revolutionary and fashionable options, this a part of the programme will play an important position in rising productiveness, defending ecosystems, enhancing native manufacturing, lowering waste within the agriculture sector, enhancing vitamin, and creating potential partnerships to diversify meals sources within the nation.

© Copyright Emirates Information Company (WAM) 2022.


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