Coffee Resurrect, an Ethiopian startup that produces nutraceuticals and food ingredients from coffee waste, has been chosen as one of the top 30 start-ups in the global UAE FoodTech Challenge from 667 submissions across 79 countries.
The FoodTech Challenge awards provide financial and in-kind prizes to ensure that the winners have the resources they need to make a successful transition into the UAE agri-tech ecosystem. According to reports, 50% of the proposals addressed food production, with a focus on insect farming and aquaculture, farm management, plant-based solutions, and precision farming. The remaining 50% of the shortlisted start-ups address food loss and waste solutions, with key themes including food waste technology, food sharing platforms, supply chain monitoring, and traceability.
The winners of this year’s FoodTech Challenge will have access to a $2M award pool, which includes a cash prize, startup incentives, acceleration services, innovation grants, localization support, mentorship programs, and other benefits. The prize money will be divided among the four winning teams.
Coffee Resurrect INC., was one of the top 100 startups in the world at the Entrepreneurship World Cup 2021 and the only national and regional finalist representing Ethiopia, said Almaw Molla, Founder & CEO of Coffee Resurrect INC to Business Info Ethiopia.
The company specialized in reusing coffee waste, also known as spent coffee grounds from coffee shops, by launching and selling the first products containing coffee essential oil extracted from Spent Coffee Grounds.
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