The Abu Dhabi Investment Office (ADIO) is working to accelerate the advanced agricultural technology (AgTech) ecosystem in Abu Dhabi and become a global leader in desert agriculture.
To support this, ADIO has introduced a three-year program with up to AED 1 billion (US$270m) in incentives for innovators within select agricultural technology sub-sectors to expand their knowledge-focused operations to Abu Dhabi.
ADIO is awarding highly competitive and comprehensive cash and non-cash incentive packages for innovative companies within the AgTech sector. Cash incentives include a rebate of up to 75% on all R&D activities.
In addition to R&D funding, ADIO plans to offer a host of other non-cash incentives.
ADIO is focusing on three sub-sectors within AgTech that fit with Abu Dhabi’s desert environment:
Algae-based biofuels: an alternative to traditional fossil fuels.
Indoor farming: technology for farming under controlled environment and limited space.
Precision agriculture and ag-robotics: technology to automate and improve farming management.
To learn more about AgTech, please click the FAQ link here.
Applications for packages are now open, to apply please fill the form below.