The government of Abu Dhabi has launched an innovation competition with global foundation ‘XPrize’, allocating 300 million United Arab Emirates dirhams ($81.7 million) to be spent over the next three years, the Abu Dhabi Executive Council announced on Monday at an event held in the UAE capital.
The competition will span and reward innovators in these sectors: energy efficiency, human ageing, food security, water scarcity, artificial intelligence, and environmental conservation.
Earlier on Monday, Abu Dhabi’s crown prince Sheikh Mohammed bin Zayed al-Nahyan announced through Twitter the approval of 5.6 billion dirhams ($1.52 billion) over the next five years for research and development on water and food security. (Read more here).
