World Wide Technology (WWT), one of the world’s largest privately held technology innovation companies, has launched an AI for Good initiative at COP28 in Dubai to help one million climate tech entrepreneurs to drive a sustainable future through technological innovation for the good of people, planet and profit.
Through this initiative, Entrepreneurs will be able to pitch their ideas to be involved in the AI for Good program. Once approved, they will be incubated in WWT’s ATC enabling them to turn their ideas into action.
“Whilst globally there’s been a decline in climate tech investment, there’s been a 628% growth year-over-year in the UAE since 2018. In addition, $6bn has been invested from 189 individual investors in regional climate tech in the last decade,” Omar Mir, President of WWT, said in a statement.
The initiative is a platform for the world’s most impactful climate entrepreneurs working to solve COP28 KPIs. WWT and partners including Pearson and Open Innovation plan to develop an online education program helping one million climate entrepreneurs harness the power of AI, they said in a statement.
According to Accenture, 93% of the world’s largest companies will fail to meet their Net Zero goals if they don’t double the pace of emission reductions by 2030. Yet, available funding for climate tech start-ups is decreasing.
“AI technology has the potential to accelerate positive outcomes in clinical trials, innovation, and scientific discoveries around the world by as much as 70%. We know climate solution startups need support to achieve COP28 goals and create a lasting legacy,” said Mir.