Dubai Holding has announced that it is now accepting applications to its ‘Innovate for Tomorrow Challenge.’
The initiative, implemented in collaboration with TECOM Group’s in5 business incubator, is open for submissions until Sunday, 31 March 2024, with the winners revealed in May 2024.
The company shared that it is inviting global innovators to share “scalable and impact-driven solutions” aimed at addressing critical sustainability challenges in the UAE.
The challenge aims to support entrepreneurial talent to develop future-focused sustainability solutions that can help drive a circular economy in the UAE and accelerate its path towards net zero.
Participants can submit 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.
Areas included within this bracket are economic circularity, resource efficiency, supply chain sustainability, waste reduction and consumer education.
There are no registration fees for application submission.
Commenting on the initiative, Huda Buhumaid, Chief Impact Officer, Dubai Holding, said: “As a socially responsible business that operates For the Good of Tomorrow, sustainability is at the forefront of our operations across Dubai Holding. Our unwavering commitment to deliver positive impact and shape a better future for all our stakeholders is grounded in a steadfast dedication to sustainable innovation. Through initiatives such as the Innovate for Tomorrow Challenge, 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.”
“This challenge offers a valuable platform for impactful collaboration with global innovators who share a commitment to implement scalable solutions to help create a better, more sustainable and inclusive future for all. We look forward to seeing the innovation the applicants will no doubt showcase and working alongside side them to provide the vital guidance and support to bring their solutions to life,” Buhumaid added.
The winner and runner-up will be chosen through a rigorous evaluation process and will receive a comprehensive rewards package, it was shared.
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.
The five finalists will also be invited to attend an investor pitch day to showcase their innovations to key industry stakeholders.