Search DubaiPRNetwork.com

Home >> Government, Legal & Humanity

Climate Innovations Exchange kicks off in Abu Dhabi

Thursday, January 18, 2018/ Editor -  

Share

Home >> Government, Legal & Humanity
  • Thani Al Zeyoudi and Shamma Al Mazrui discuss sustainable future with the youth
  • 27 entrepreneurs take the stand at CLIX and present their innovative proposals to potential investors 
  • Al Zeyoudi: CLIX is an out-of-the-box solution for the limited funding of climate innovations
  •   UAE entrepreneurs lead the entries in CLIX, reaffirming the country’s success in creating an environment conducive to achieving its sustainability goals

Abu Dhabi, United Arab Emirates; January 18, 2018 –   The Climate Innovation Exchange (CLIX) kicked off on Tuesday, January 16, at the World Future Energy Summit 2018, running from January 15 to 18, as part of Abu Dhabi Sustainability Week. CLIX is being held under the patronage of the UAE Ministry of Climate Change and Environment and is hosting 27 entrepreneurs and innovators in the areas of sustainable agriculture, clean mobility and air quality.
In his keynote speech, His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of Climate Change and Environment, said that innovation and technology play an important role in solving a range of today’s sustainability issues. “Innovation and technology generate a wide range of socio-economic values and create jobs, and this is why innovation is at the heart of our development agenda to drive our economic diversification objectives,” he said.

Al Zeyoudi added that to keep pace with the nationwide drive towards innovation and to help realize the National Climate Change Plan 2050, MOCCAE announced CLIX last October, as a platform that aims to realize innovative ideas to solve the unique challenges faced today, by connecting global entrepreneurs and investors to enable partnerships that will power sustainable climate solutions through knowledge, innovation, and funding.

The Minister said that CLIX saw a high-level of interest as it received submissions from 364 applicants from 65 countries. The judges panel, after carefully examining every application to determine their fulfillment of the pre-announced requirements, selected 27 applicants to present their ideas at CLIX.
He further added that “The high level of interaction we see here today between emerging entrepreneurs and investors and the quality of ideas being presented before us are clear indications to the prominent contribution the UAE makes in supporting innovation and providing applicable solutions to address climate challenges. I am proud to see that the largest number of applicants per country came from the UAE.

“Funding has always been a hurdle for the adoption and pursuance of sustainability goals.  The inaugural edition of CLIX seeks to provide financing and investments, valued at AED 1.1 million, to excelling startups, and AED 9 million to make the selected proposals a reality.”

Highlighting the importance of enabling and engaging the youth, Her Excellency Shamma bint Suhail Faris Al Mazrui, UAE Minister of State for Youth Affairs, said: “Abu Dhabi has become an exemplary sustainability model, as it is committed to deploying sustainability solutions and carrying out high-level events that ensure a more prosperous future. One of these events is Abu Dhabi Sustainability Week. This year, ADSW is all about youth, and for good reasons. If we want our largest population and our greatest assets – Youth – to succeed in building our world for today and tomorrow, we must engage them now in the end-to-end solution making in our systems. Sustainability is as much a mindset about investing in the young people who will be our future as it is the natural resources we use to fuel it.”

Al Mazrui urged CLIX participants to take advantage of the platform to connect and set things in motion.
CLIX invited entrants to demonstrate innovative thinking and leverage technology to develop solutions in one of three key areas: agriculture, clean mobility and air quality. A panel of judges selected the semi-finalists over three rounds of assessment based on the challenges, solutions, innovations, technology and business models outlined in the submissions.

The semi-finalists will pitch to prospective investors at CLIX during WFES 2018, before being narrowed down to three finalists per category during the fourth round of assessment. At the event, investors will focus on five main elements of the pitches: concept and product, feasibility, target market, financials and the team.

 


Previous in Government, Legal & Humanity

Next in Government, Legal & Humanity


Home >> Government, Legal & Humanity Section

Latest Press Release

Comments of Mr Atif Rahman, Director and Partner, Danube Properties & Mr Sudhaka ...

Netflix Announces What / If An All New Original Drama Series Starring Renée Ze ...

Hyundai to Strengthen SUV Line-up with Fourth Generation Santa Fe

Aster Volunteers and ERC Bring Children Together Through Educational Activities ...

Young children distribute EID gifts to Blue-Collar workers

du expands retail footprint in Dubai, Abu Dhabi and Ajman

Aldar Academies Al Yasmina Academy celebrates 100% A-Level pass rate

Holistic Learning Environment Nurtures Future Leaders at British International A ...

Fall/winter 2018 Collection

Create unforgettable memories and discover exquisite fragrances with the Wedding ...

Caparol signs strategic agreements in Iraq to increase market reach

This summer's new addition to your arm candy stack: HUAWEI TalkBand B5 now avai ...

Michael Phelps: ‘I didn't want to be alive'

Middle East factories could be the ‘world's best' say leading automation solutio ...

Summer time is family time for people in UAE and KSA

As per the Great Leader's Directive: Union Coop, the First Private Sector Enter ...

Gulf Air becomes the first national carrier to fly the A320neo in the region

Video: UAE Team Emirates Youth Academy Inspires Hundreds of Kids to Take Up Cycl ...

UAE-based du LaLiga HPC Team Beats Cadiz CF and Granada CF in Highly Competitive ...

Classic and Refined: SAINT HONORE introduces its new Allure Men Watch