The Egypt’s Ministry of International Cooperation, Ministry of Communications and Information Technology and Ministry of Environment launches ClimaTech Run, a global multi-stage programme for tech entrepreneurs who share a collective passion for sustainability and a better future for all.
ClimaTech Run’s tech-startup track provides global startups with the opportunity to pitch during COP27 in Sharm El-Sheikh, Egypt, and participate in capacity building, incubation, and acceleration programs.
- The ClimaTech Run focuses on the use of ICT in developing innovative solutions and new applications for climate action, notably in the following thematic areas:
Climatech Supports Technologies
- The use of AI in climate forecasting, e-agriculture, and satellite imagery analysis
- IoT and sensor-based applications (weather, soil, and water big data information processing)
- Smart cities applications lead to low carbon footprint and climate adapting economies
- Electric vehicles technologies
- E-waste management and recycling
- Industry 4.0 applications (consumption and waste optimization, quality enhancement)
- ICT applications in green and renewable energy
- Clean Water Technologies
Special focus on Africa
- As African countries face significant risk for a warmer, drier future, innovators and tech startups worldwide can use cutting-edge digital technologies to aid in climate mitigation and adaptation. However, the market for climate tech in Africa is still vastly underserved.
- Climate-focused African tech startups lag significantly in investment inflow, receiving only 0.2 per cent of venture dollars compared to 94 per cent for the United States, Canada, China, and Europe.
- A special prize will be given to the top 2 African startups. The criteria for selection of African startups are the same as the worldwide track but adding that the founders must have a nationality from an African country. The top 5 African startups will be invited to pitch their idea during the global pitch event.
- Prizes for this track are:
- Grand prize of USD 100,000
- 2nd prize of USD 50,000
- 3rd prize of USD 25,000
- Benefits for Africa
- Top African Startup: USD 50,000
- 2nd prize for African Startup: USD 25,000
- Access to tailored support programs from ClimaTech Run Partners.
- Participants must see the following criteria to participate in the competition
- Registered startup operating for over 2 years or a proven track record
- Has a team of at least 2 members, with member’s average age below 40
- Sustainably driven and innovative business-supported by one or more emerging technologies
- Not a spin-off or subsidiary of an existing company
- Has a functional prototype or MVP (minimum viable product)
- The team must have good communication skills and can present their startup in English.
For more information, visit https://climatechrun.com/tech-startups/#