Dafza names winners of Expo Innovation Challenge
DUBAI, October 13, 2015
The Dubai Airport Freezone Authority (Dafza) has named the inaugural batch of winners of the first-every Expo Innovation Challenge held recently under Expo Milan 2015.
The announcement was made during the awarding ceremony held at the closing of the latest World Expo in the presence of international decision-makers and diplomatic figures, said a statement.
The elite roster of winners comprised three teams chosen out of 100 contestants, it said.
The Grand Champion, 'IN FOO SOO,' a solution focusing on smart and innovative warehouse designs, received a cheque for €15,000 ($17,035), while the first runner-up, 'Farm Hero,' received €5,000.
Additionally the teams will also have the opportunity to undergo six months of mentorship and assistance on business incubation provided by renowned industry experts and prestigious European institutions.
Dr Mohammed Al Zarooni, director general, Dafza, said: “Expo Innovation Challenge 2015 proved to be an ideal international platform for attracting top-notch creative individuals capable of developing innovative technologies.
"It succeeded in supporting international efforts to find working solutions for the world’s food security challenges. The challenge comes at a time when innovation has the world’s utmost attention as the ideal method for achieving the objective of building a safer and more sustainable future.
"We are pleased to have contributed to this valuable initiative which aligns with both our core corporate values and the top strategic priorities of the UAE which is taking proactive steps to be among the most innovative nations in the world by 2021.” - TradeArabia News Service
