The Mohammed bin Rashid Initiative for Global Prosperity Announces The 20 Finalists For The US$1 Million Global Maker Challenge 2020Launched in 2019 in Abu Dhabi, the Global Maker Challenge by The Mohammed bin Rashid Initiative for Global Prosperity now records a 200% increase in applications from around the world.

The Mohammed bin Rashid Initiative for Global Prosperityhas announced the 20 finalists for theGlobal Maker Challengewho will compete for prizes and mentorship worth up to US$1 million. They will present their solutions during a series of virtual pitches that will commence on August 31, 2020, in the lead up to the Global Maker Challenge Award Ceremony on September 6, 2020.

The finalists were selected from over 3,400 solutions that were submitted for Cohort 2 of the Global Maker Challenge, which was launched at the United Nations Industrial Development Organization's (UNIDO) 8th Ministerial Conference of the Least Developed Countries in November 2019 in Abu Dhabi. Solutions from over 148 countries were received, of which 18% came in from least developed countries.

This year's global challenges centered around four themes:Sustainable and Healthy Food for All,Climate Change,Innovation for Inclusive Trade, andInnovation for Peace and Justice.

The 20 finalists, comprising of five innovators per theme, were assessed and shortlisted in partnership with the Massachusetts Institute of Technology's SOLVE initiative (MIT SOLVE), and ajuryof 47 globally renowned subject matter and innovation experts from UN agencies, global organizations, digital innovation companies, NGOs, and academia.

António Guterres, Secretary-General of the United Nations,recently warnedthat as many as 50 million more people could fall into extreme poverty as a result of the pandemic unless urgent action is taken. "The disruption caused by the pandemic risks setting back the progress made towards the 2030 Agenda for Sustainable Development," said Badr Al-Olama, Head of the Organizing Committee for the Global Manufacturing and Industrialisation Summit (GMIS). "Innovation is key to controlling the damage caused by COVID-19 and bringing us back to speed towards a more sustainable future. We must double up on our efforts in utilizing innovation to address humanitarian challenges and offer solutions to the unprecedented challenges caused by this crisis."

Al-Olama added that, since its inception in 2017, the Global Prosperity Initiative has reflected the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, who is a firm believer in applying the power of innovation to solve the world's challenges. "I am confident that the creativity of this year's finalists will further advance this vision – bringing life-changing solutions to those that need them most," Al-Olama said.

The finalists of theSustainable and Healthy Food for Allchallenge areColdHubs,IXON,Xilinat,Stixfresh, andNilus, who effectively address the issues that fast-growing urban populations face in accessing healthy and sustainable food.

TheClimate Change挑战提出解决ions that facilitate a low-carbon circular economy through smart use of existing resources. The finalists of this challenge includeAlgiKnit,Aquacycl,Queen of Raw,Plastics for Change,andBiocellection.

Each of the shortlisted solutions within theInnovation for Peace and Justicechallenge offered a novel idea that helps refugees and displaced people access affordable, quality services that are essential to their safety and wellbeing; these includePeripheral Vision International(PVI),ID2020,PeaceTech Lab,Simbi Foundation, andAiyin.

The final challenge,Innovation for Inclusive Trade,showcased innovators that were selected for their ability to support rural communities in accessing new supply chains and markets to create better livelihoods. The finalists within this challenge areAgricycle Global,Fantine,POKET,Takachar, andChapChap.

The Virtual Pitch Event will be live streamed across the Initiative's social platforms andhere. Participants can register to attend the Global Maker Challenge Award Ceremonyhere.