By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Econo Asia™
  • English
    • العربية (Arabic)
    • বাংলাদেশ (Bengali)
    • 简体中文 (Chinese (Simplified))
    • हिन्दी (Hindi)
    • Indonesia (Indonesian)
    • 日本語 (Japanese)
    • Tiếng Việt (Vietnamese)
Submit News
  • Home
  • Economy
  • FinTech
  • Markets
    • Bombay Stock Exchange (BSE)
    • Hong Kong Stock Exchange (SEHK)
    • Korea Exchange (KRX)
    • National Stock Exchange (NSE)
    • Shanghai Stock Exchange (SSE)
    • Shenzhen Stock Exchange (SZSE)
    • Singapore Exchange (SGX)
    • Taiwan Stock Exchange (TWSE)
    • Tehran Stock Exchange (TSE)
    • Tokyo Stock Exchange (TSE)
  • Asia
    AsiaShow More
    Avanti: Smart Silk Road – A Classic Legend Reborn for a New Era of Co-Creation
    October 25, 2025
    من إيران إلى الصين: حلم طالبة طب على طريق الحرير
    October 23, 2025
    وسائل الإعلام الصينية تسلط الضوء على “ثلاثة ركائز” لدعم شبكة الخدمات اللوجستية في الصين
    October 23, 2025
    Walnuts Among Omega-3 Foods Linked to Brain Development Benefits in Children and Adolescents
    August 1, 2025
    الجوز من بين أطعمة الأوميغا 3 المرتبطة بفوائد نمو الدماغ لدى الأطفال والمراهقين
    July 31, 2025
  • Middle East
    Middle EastShow More
    BingX Introduces Recurring Buy to Help Users Ride Out Crypto Market Swings
    December 5, 2025
    Hilton Dubai Palm Jumeirah and Edel & Stark Announce Long-Term Luxury Mobility Partnership
    December 4, 2025
    Riyadh Hosts the Largest Saudi-Chinese Industrial Forum: Global Industries Localization Forum 2025 Announces Strategic Partnership Worth 17 Billion Riyals
    December 3, 2025
    Skydrops Secures £20 Million Investment Commitment from GEM
    December 2, 2025
    Russia and China Forge a New Pole of Energy Stability in Eurasia
    December 1, 2025
  • Press Releases
    Press ReleasesShow More
    2025 Tomorrow.City Shanghai Opens, Spotlighting Global Smart City Innovation
    September 16, 2025
    IOTA Miner Expands Bitcoin Cloud Mining Access with XRP-Powered Infrastructure
    September 14, 2025
    India’s Wedding of the Century: A Year On, the World Still Watches
    July 11, 2025
    Recycled Plastic Granules Market is Projected to Reach USD 62.17 billion by 2034
    July 4, 2025
    Polypropylene In 3D Printing Market to Reach USD 6.99 Billion by 2034, Expanding at 9.7% CAGR
    July 4, 2025
Reading: More than SAR 10M prize funding awarded to Global Prize Innovation in Desalination winners to advance solutions that address global water scarcity
Share
  • About Us
  • Contact Us
Aa
Econo Asia™Econo Asia™
Search
  • English
    • العربية (Arabic)
    • বাংলাদেশ (Bengali)
    • 简体中文 (Chinese (Simplified))
    • हिन्दी (Hindi)
    • Indonesia (Indonesian)
    • 日本語 (Japanese)
    • Tiếng Việt (Vietnamese)
  • Home
  • News
  • Economy
  • FinTech
  • Markets
    • Bombay Stock Exchange (BSE)
    • Hong Kong Stock Exchange (SEHK)
    • Korea Exchange (KRX)
    • National Stock Exchange (NSE)
    • Shanghai Stock Exchange (SSE)
    • Shenzhen Stock Exchange (SZSE)
    • Singapore Exchange (SGX)
    • Taiwan Stock Exchange (TWSE)
    • Tehran Stock Exchange (TSE)
    • Tokyo Stock Exchange (TSE)
  • Asia
  • Middle East
  • Press Releases
  • About Us
  • Contact Us
  • Submit News
Econo Asia™ is part of GroupWeb Media Network. © GroupWeb Media LLC
Econo Asia™ > Blog > Asia > More than SAR 10M prize funding awarded to Global Prize Innovation in Desalination winners to advance solutions that address global water scarcity
Asia

More than SAR 10M prize funding awarded to Global Prize Innovation in Desalination winners to advance solutions that address global water scarcity

NEWSROOM
Last updated: 2024/12/16 at 9:30 AM
By NEWSROOM 5 Min Read
Share
SHARE


JEDDAH, Saudi Arabia – (ARAB NEWSWIRE) — The Global Prize Innovation in Desalination (GPID) has awarded more than SAR 10M in prize funding per year over a three-year period in the 2024 edition of its annual fund, recognising transformative solutions to global water scarcity. Through a series of crowdsourcing challenges, GPID sought groundbreaking ideas to improve water availability, affordability, and accessibility worldwide.

Entrepreneurs, start-ups, research bodies, scientists, accelerators, organisations, and experts submitted a total of 540 ideas, proof-of-concepts, and mature proposals around desalination. Overall, there were entries from 56 different countries and 80 universities or research institutions.

“The second year of the prize fund has met our greatest expectations, with some truly remarkable entries in responses to the Challenges we set,” said Dr. Mohammed Almaghrabi, Secretary General of the Global Prize for Innovation in Desalination (GPID). “Access to clean, affordable drinking water is a fundamental human right. This year’s winners have presented transformative solutions with the potential to create global change.”

The prize ceremony took place the 25th of November at the Ritz Hotel, Jeddah, Saudi Arabia and was opened by H.E. Eng. Abdullah Alabdulkareim.

21 organisations were listed as winners – two grand prizes, 12 impact awards and 7 as special mentions. The two grand prize winners were Nanyang Technological University in Singapore (Lee Nuang Sim), and NALA Membranes in the United States (Sue Mecham).

More than one-quarter of the world’s population faces challenges in accessing safe drinking water, and there has been an increase of 30% in the volume and severity of drought crises. 97% of the planet’s water is found in oceans, so desalination – a transformative process that uses technology to convert seawater into potable water – is crucial for overcoming freshwater scarcity.

Founded in 2023 by SWCC (Saline Water Conversion Corporation), now SWA (Saudi Water Authority), GPID is in its second year. SWA is one of the world’s largest producers of desalinated water, supplying 34 million people in Saudi Arabia and producing more than 20% of the world’s desalinated seawater.

The prizes focused on improving the environmental footprint of desalination processes, reducing energy consumption and operational costs, introducing new technologies and innovative business models in water, and providing scalable and sustainable solutions to meet global water needs.

Innovation scale-up Wazoku, was one of the organisation that helped bring applicants to GPID, providing its open innovation offering, the Wazoku Crowd. This consists of a 700,000-strong network of expert problem ‘Solvers’, comprised of scientists, technologists, CEOs, start-ups and more.

The GPID winners that came from the Wazoku Crowd were as follows:

Venture Capital Deal of the Year in Water Production

  • Natural Ventures, The Netherlands – Maarten Ter Keurst
  • MayMaan Research, United States – Mark Kriek
  • Aquasolis, Norway – Øyvind Stenberg

Most Impactful Lab/Accelerator in Water Production

  • Columbia University, Singapore – Ngai Yin Yip

Wastewater Solution

TRL 4-7 Impact Award – CyFract, Turkey – Tayyar Bayrakci

“I couldn’t be happier with the incredible solutions presented by the Wazoku Crowd,” said Schønning Eysturoy, Senior Director Innovation Ecosystems, Wazoku. “GPID is leading the way in water innovation and brings together a global ecosystems of innovators, industry partners and academia that will make the world more sustainable, habitable and improve the access to water. Next year the focus will broaden so I expect to see many more participant at the Global Prize Innovation in Water 2025”

In November, 32 shortlisted of the GPID applicants attended a three-day innovation driven water sustainability event in Jeddah, Saudi Arabia. The winning applicants were identified at this event and have been given the opportunity to take part in the Saudi Water Innovation Center (SWIC), a leading incubator and accelerator in this technology space.

–ends-

For further information about Wazoku, visit https://www.wazoku.com

For further information about GPID, visit https://gpid.net/

###
This article is issued through Arab Newswire™ (www.arabnewswire.com)   and distributed by EmailWire  (www.emailwire.com) – the global newswire that provide Press Release Distribution with Guaranteed Results™.



Source link

You Might Also Like

Avanti: Smart Silk Road – A Classic Legend Reborn for a New Era of Co-Creation

من إيران إلى الصين: حلم طالبة طب على طريق الحرير

وسائل الإعلام الصينية تسلط الضوء على “ثلاثة ركائز” لدعم شبكة الخدمات اللوجستية في الصين

Walnuts Among Omega-3 Foods Linked to Brain Development Benefits in Children and Adolescents

الجوز من بين أطعمة الأوميغا 3 المرتبطة بفوائد نمو الدماغ لدى الأطفال والمراهقين

TAGGED: CyFract, desalinated water, desalination, JEDDAH, Saline Water, Saudi Arabia, Saudi Water Authority, Tayyar Bayrakci, Turkey, water, water availability, Wazoku Crowd
NEWSROOM December 16, 2024 December 16, 2024
Share This Article
Facebook Twitter Email Print
Previous Article More than SAR 10M prize funding awarded to Global Prize Innovation in Desalination winners to advance solutions that address global water scarcity
Next Article Organosheet Market worth $1.0 billion by 2028

Share Us

- Advertisement -
Ad image

Latest News

BingX Introduces Recurring Buy to Help Users Ride Out Crypto Market Swings
Middle East
Hilton Dubai Palm Jumeirah and Edel & Stark Announce Long-Term Luxury Mobility Partnership
Middle East
Riyadh Hosts the Largest Saudi-Chinese Industrial Forum: Global Industries Localization Forum 2025 Announces Strategic Partnership Worth 17 Billion Riyals
Middle East
Skydrops Secures £20 Million Investment Commitment from GEM
Middle East
//

We influence 20 million users and is the number one business and technology news network on the planet

About Us

Econo Asia™ publishes news on Asia’s econimic outlook with focus on Finance, FinTech and the Stock Market. News is aggregated and pubished as it is available on the web. Econo Asia™ is part of GroupWeb Media Network. Econo Asia™ in association with AsiaNewswire.Net, publishes and distributes press release to media in Asia.

Contact Us

  • WhatsApp: +1 832-716-2363
  • Skype: Groupwebmedia
  • Telegram: @groupwebmedia

Categories

News
Economy
FinTech
Markets
Asia
Middle East
Press Releases

 
 

 

 

Recent News

BingX Introduces Recurring Buy to Help Users Ride Out Crypto Market Swings
December 5, 2025
Hilton Dubai Palm Jumeirah and Edel & Stark Announce Long-Term Luxury Mobility Partnership
December 4, 2025
Riyadh Hosts the Largest Saudi-Chinese Industrial Forum: Global Industries Localization Forum 2025 Announces Strategic Partnership Worth 17 Billion Riyals
December 4, 2025
  • العربية (Arabic)
  • বাংলাদেশ (Bengali)
  • 简体中文 (Chinese (Simplified))
  • English
  • हिन्दी (Hindi)
  • Indonesia (Indonesian)
  • 日本語 (Japanese)
  • Tiếng Việt (Vietnamese)
Econo Asia™ is part of GroupWeb Media Network. © 2024 GroupWeb Media LLC
  • About Us
  • Contact Us
  • Submit News
Welcome Back!

Sign in to your account

Lost your password?