Australian foodtech company Has Algae has won a share of a $1 million global food-security prize, the UAE FoodTech Challenge.
The contest is a global search for innovative and commercially viable ag-tech solutions to address the UAE’s food-security challenges and the company shares the prize with three other winners from about a dozen finalists.
Has Algae was nominated for its commitment to raise awareness about food-grade microalgae. The Sydney-based startup is the first to incorporate microalgae into everyday foods, including pastas, yogurts, ice creams and bread.
Algae grows on average 10 times faster than traditional crops, it’s cost-efficient and can grow in different types of water, making it viable in arid conditions like Australia.
To promote this novel food source to daily consumer diets, Has Algae has worked with celebrity chefs and scientists in Australia.
The three other winners at the UAE FoodTech Challenge are QS Monitor from UAE, Red Rea Farms from Saudi Arabia and SafetyNet Technologies from the UK.
