Egypt launches Climatech Run 2022 international competition for startups in the field of climate action technology

Tue 23 Aug/ 2022 – 10:36

The Ministries of International Cooperation, Environment, Communication and Information Technology have announced the launch of the International Climatech Run 2022 competition, targeting emerging companies working in the field of climate technology from the African continent and around the world, with the aim of stimulate and encourage innovative and sustainable digital and technological solutions to advance climate action and face the economic and social consequences. Consequently, the Egyptian state is preparing to chair and organize the COP27 climate summit and the efforts being made to involve all relevant parties in promoting climate action. and encouraging innovative ideas and sustainable solutions.

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The competition comes in response to the global call for the need to address climate change and to innovate sustainable solutions aimed at preserving the environment, and to give priority to environmentally friendly technologies, which provide solutions for adaptation and mitigation of the effects of climate support. change. To participate, to contribute to the solutions they provide in providing sustainable and innovative mechanisms to deal with climate change and to raise awareness of its seriousness, and how to face the economic and social challenges it causes to offer. The second track targets specialists in the field of digital art.

Dr. Rania Al-Mashat, Minister of International Cooperation, emphasized the essential role that start-ups can play through innovative ideas to combat the repercussions of climate change, by reducing emissions in the energy sectors, improving food security and stimulating smart and sustainable transport . that Egypt aims to stimulate the participation of relevant parties. The link in the transformation of climate pledges into realistic measures and tangible measures during the COP27 climate summit in order to switch to a green economy, and notes that the initiative falls within a number of themes that the ministry is working on in preparation for the climate summit and in line with the government’s effort to support the transition from pledges to implementation.

Dr. Yasmine Fouad, Minister of the Environment, said the launch of this competition, which targets young entrepreneurs and emerging companies from around the world in the application of communication technology to meet the challenge of climate change, confirms the role that this sector can play. with youth visions and innovations in advancing climate action.

While dr. Amr Talaat, Minister of Communications and Information Technology, indicated that the Climatech Run 2022 international competition represents an embodiment of the joint efforts of the government represented in the three ministries with international organizations, local and global companies, civil society, entrepreneurs and innovators to build effective innovative solutions to address the effects of climate change. They highlight the power and importance of innovation and technological solutions provided by start-ups to preserve the environment.

Conditions to apply for beginners

competition opened; It will open its doors to climate technology startups to apply on August 22, 2022, and it continues to receive ideas and advanced companies for a period of one month, after which a number of events and seminars will be held with all applicants from around the world to launch the initiative, before the qualified companies are selected for the final stages.

The second phase of the international competition starts during the COP27 climate summit, where the qualified companies have the opportunity to present their ideas and participate in the activities that will be carried out during the climate conference in front of the various participating parties of governments, the private sector and development partners.

While the third and final phase begins after the COP27 climate summit, during which partners work to support and guide start-ups and digital art specialists, through a high-level group of consultants, arbitrators and international experts, to improve their ability to reach and improve the markets. implement their ideas on the ground.

The International Climatech Run 2022 competition sets a number of conditions for beginners who wish to apply:

  1. Have a real business track record of more than two years.
  2. A team of two or more members.
  3. The idea is sustainable, innovative and applies one or more emerging technologies.
  4. Not be a subsidiary of an existing company.
  5. The company has a prototype or prototype product.
  6. The advanced team will have the ability to communicate, present and present the project in English.

The winning teams will have; A chance to win a number of prizes, the grand prize is up to $100,000, the second prize is $50,000, and the third prize is $25,000. The Climatech Run 2022 competition awards a prize to two startups Africa.

The top 5 start-ups in Africa will also be invited to present their ideas during the global event within the COP27 climate summit. The best startup in Africa will receive a prize of $50,000, while the company in second place will receive a prize of $25,000.

It is worth noting that an interactive electronic platform for the ClimaTech Run global competition will be made available in 3 languages, Arabic, English and French, to provide opportunities to apply for beginners and those involved in the competition, to respond to all inquiries and interact. with experts and arbitrators.

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