OVERVIEW
The Ras Al Khaimah Energy Efficiency & Renewables Strategy 2040 has been established to support the competitiveness of Ras Al Khaimah by improving energy and water efficiency and increasing the share of renewables in the generation mix. As part of this strategy, Ras Al Khaimah Municipality is organising an innovation competition for start-ups and SMEs whose solutions can support in shaping our clean energy future!
The objective of the competition is to attract leading start-ups and SMEs to propose their solutions addressing specific energy challenges in Ras Al Khaimah applicable to the broader MENA region.
The RAK Energy Innovation Competition is an opportunity to get market exposure and strategic partnerships in the power, water and industrial market in the UAE. The evaluation board comprises leading government and private sector entities in energy, water and industry.
EVALUTION CRITERIA
- Relevance - Relevance of the submission to the challenge statements, potential contribution to Ras Al Khaimah’s sustainability and energy efficiency objectives and potential marketability in the region
- Disruption - Innovative nature of the product or solution in the region
- Merit - Coherence of the business plan of the company and existing project references
- Team/Resources - Readiness of team members and resources to establish company operations in Ras Al Khaimah, and start developing the local market
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