EDB signs MoU with Food Tech Valley to provide financial solutions to SMEs, start-ups

EDB signs MoU with Food Tech Valley to provide financial solutions to SMEs, start-ups

WAM: Emirates Development Bank (EDB) has announced the signing of a Memorandum of Understanding (MoU) with Food Tech Valley, which is being developed by wasl Asset Management Group, to provide financing solutions to small and medium enterprises (SMEs) and start-ups operating within the project.

The MoU will help support entrepreneurship and innovation as well as contribute to Food Tech Valley’s growing ecosystem.

Food Tech Valley, an initiative centred around food, innovation, knowledge, technology and sustainability, is set to attract tech-based entities in the agriculture and food production sectors. Its goal is to serve as a hub for future clean tech-based food and agricultural products, significantly disrupting traditional food systems through its emphasis on sustainability and resource conservation.