Friday 21 June 2024

The eight start-ups with the organisers

Eight start-ups selected for Mega Green Accelerator

DUBAI, May 15, 2024

PepsiCo, Sabic, AstroLabs and partners have announced details of the eight start-up companies in the Middle East and North Africa (Mena) region that have been selected to participate in the Mega Green Accelerator. 
A total of 363 submissions were received from sustainable start-ups in the region during the applications phase. The eight shortlisted companies that will proceed in the programme are: 
•Mrüna, UAE: A consulting and distribution company dedicated to developing innovative urban solutions.
•The Surpluss, UAE: A climate technology start-up that helps SMEs reduce their greenhouse gas emissions profitably through resource sharing via a digital sustainability exchange.
•Mirai Solar, Saudi Arabia: A solar technology start-up that specialises in expanding solar energy use beyond conventional applications, improving the energy use efficiency of food production and smart buildings for a sustainable future.
•AHYA TECHNOLOGIES, Saudi Arabia: A climate software and AI start-up building a unified platform for scaling climate action across the Middle East North Africa & Pakistan. 
•YY ReGen, Lebanon: The firm provides innovative solutions through the promotion of renewable energy, sustainable water management, and regenerative farming.
•Viridia Tech, Egypt: It offers a platform for crop analytics at scale for industrial agricultural companies, leading to significant improvements in yield, unit economics and sustainability metrics. 
•P-VITA, Egypt: A biotechnology hub that specialises in producing natural raw materials for cosmetics, and food & beverage industries using AI and IoT technologies to reduce carbon footprint through automated processes.
•Kumulus, Tunisia: A water tech start-up that turns air into fresh drinking water through innovative AWG machines – aiming to make drinking water more accessible, sustainable, and economical for hotels and businesses across Mena and Southern European regions.
Innovative solution
The selected participants have all submitted an innovative solution focused on either advancing the circular economy, transitioning to clean energy, or mitigating climate change through technologies to improve water use and agricultural processes. 
Timed to coincide with this year’s GPCA Plastics Conference, themed “Innovating for Sustainable Growth”, the selected start-ups also presented to industry leaders who are accelerating the development of a circular economy in the region.
The Mega Green Accelerator will nurture the next generation of innovators as they develop solutions to address both regional and global sustainability challenges. For the next six months, the eight promising changemakers will receive funding, mentorship with industry experts, and market access to scale their innovative solutions. At the end of the programme later this year, one winning company will be awarded $30,000 in funding to continue its expansion.
“With solutions spanning agriculture, water, and the energy sectors, this is an opportunity for us to accelerate the development of practical climate technologies crucial to address the Mena region’s challenges and strengthen our position as a testbed for climate innovation globally. Start-ups can act as epicenters of innovation, and reshape, disrupt, and define our future. 
Cross-sector collaboration
“The Mega Green Accelerator provides the incentive to bolster this through cross-sector collaboration and nurture the region’s next generation of entrepreneurs by providing the needed mentorship, funding, and market access,” said Eugene Willemsen, CEO, Africa, Middle East, and South Asia, PepsiCo and CEO of International Beverages.
“Over 300 fast-growing sustainability companies from all over the Mena region have applied to the programme, showcasing a healthy influx of sustainable solutions and rapid growth in the sector. The selection of these eight companies underscores their readiness for scale, marking a pivotal time in the sector’s development. The Mega Green Accelerator is setting the stage for a robust sustainability infrastructure, bridging the gap between these companies, and the resources necessary for them to thrive, scale, and translate their innovative solutions into regional impact. We’re excited to witness the growth of these companies through the collaborative efforts between AstroLabs, PepsiCo, Sabic and the various strategic partners of the programme,” said Roland Daher, Chief Executive Officer of AstroLabs.
Strategic investment partners like Dubai Future District Fund, Venture Souq and Shurooq Partners will provide platforms for investment opportunities, mentorship in raising capital, and networking opportunities throughout the term of the Mega Green Accelerator. 
They have also contributed to establishing the selection criteria and participated in the shortlist process. Schneider Electric will support the Mega Green Accelerator as a prize partner alongside participating in the final selection of the winner. Applications were generated through the networks of ecosystem partners London Business School Entrepreneurship Club, Berytech, American University of Cairo Venture Lab, SOSV, Clyde & Co, Intersect Hub, SEE Institute, the Sharjah Research Technology and Innovation Park and the Mohammed VI Foundation for Environmental Protection as well as the programme website.--TradeArabia News Service


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