Developing new, sustainable food systems is essential to guarantee humanity’s well-being standards. The Biomimicry Institute has devoted its current Global Design Challenge to the topic, and now agribusiness giant Olam International has launched the Olam Prize for Innovation in Food Security. The winner will get US$50,000 to develop their project.
The prize was launched back in 2014 in partnership with the Agropolis Fondation. The aim of the prize is to spur scientific innovation that can have an impact on availability, affordability, accessibility and adequacy of food.
The brief covers several areas, including nutrition, plant and soil science, agricultural sciences and other areas that are relevant to food security. Besides the cash prize, the winners will also get the opportunity to work with Olam to develop and apply their technology, tapping the company’s expertise in agricultural supply chains spanning 47 products in 70 countries.
The prize is open to academic or research institutions, civil society organisations and the private sector, anywhere in the world. It can be focused on innovation for food security in developed and/or developing countries and any part of the agricultural supply chain.
Applications will be judged by an independent jury of 12 experts and awarded in conjunction with the Agropolis Louis Malassis International Scientific Prizes for Agriculture and Food. The deadline for applications is 25 January 2017.
“Despite being a global agri-business, we do not have all the answers as to how we are going to feed more than one billion extra people by 2030. Through this prize we hope to support and scale-up a breakthrough innovation that will ultimately prevent people going to bed hungry without depleting our natural resources,” Sunny Verghese, Olam’s Co-Founder and Group CEO, said in a statement.
The Prize is one of four initiatives Olam has launched for its 25th anniversary in 2014. The other initiatives include a scholarship programme, a foundation and the Building Sustainable Futures Forum, which was held on 25 September 2016.
Image credit: Olam