The Saudi Ministry of Financial system and Planning (MEP) and UpLink, the World Financial Discussion board’s (WEF) open innovation platform, launched an innovation problem designed to crowdsource transformative options to reinforce meals safety in international locations impacted by low rainfall, drought, and desertification.
The Meals Ecosystems and Arid Climates Problem is a worldwide name for meals entrepreneurs, start-ups, social ventures, and small-medium-sized enterprises to submit options incorporating low or excessive applied sciences.
The announcement was made on the Discussion board’s 2023 Annual Assembly in Davos as a part of Saudi Arabia’s efforts to develop progressive options to the world’s most important challenges by means of cooperation and collaboration.
The profitable cohort could be eligible to entry CHF100,000 to scale and implement their enterprise in areas with arid climates whereas enhancing their visibility and entry to networking alternatives.
“Our world faces a variety of main socioeconomic challenges, and meals safety is on the prime of the record,” Saudi Minister of Financial system and planning Faisal al-Ibrahim mentioned.
Ibrahim famous that the Kingdom was absolutely dedicated to being a major innovation accelerator and dedicating assets to empower and assist entrepreneurs who’re decided to deal with the problem of meals safety, on this case, in areas with arid climates.
Round 828 million individuals as we speak are hungry, whereas 2.3 billion are meals insecure. Moreover, 3.1 billion individuals globally can’t afford a nutritious diet, and it’s estimated that 700 million will likely be displaced by drought by 2030.
The problem aimed to strengthen meals safety and enhance the availability of wholesome and nutritious meals in arid areas by supporting options with a considerable socioeconomic, environmental, and academic impression to reinforce native meals worth chains.
MEP established the Sustainable Growth Steering Committee, which coordinates authorities efforts throughout the 2030 Sustainable Growth Purpose (SDG) Agenda.
Since establishing the Sustainable Growth Steering Committee (SDSC), a governance construction has been operationalized and chaired by Ibrahim and contains 20 senior stakeholders from numerous authorities entities to supervise Saudi Arabia’s SDG Agenda.
Saudi Arabia participated within the Annual Assembly 2023 (AM23) of the World Financial Discussion board in Davos between 16-20 January to bridge world divides and facilitate near-term stability whereas driving multilateral reform and long-term transformation.