RIJAD, Saudi Arabia, Oct. 27, 2022 /PRNewswire/ -- The global non-profit foundation, the Future Investment Initiative (FII) Institute, today announced the launch of the 'Algorithmi Prize' with the support of global research publisher SpringerNature. The annual science and technology award was created to celebrate artificial intelligence (AI) and robotics research that has the potential to produce real-world solutions that address global challenges.
Each year, the Algoritmi Prize will focus on a different global challenge facing the world community on topics such as food and water security, healthcare, energy, and climate change. All eligible applicants will be invited to an open competition, judged by an independent panel of global experts.
Winning applicants will then receive funding to develop and scale their technology, while gaining access to FII Institute platforms where they can share their research with investors, academics and decision makers. Applications will open in January 2023 and the first prize winners will be announced in October 2023 at the 7th edition of the FII.
In addition, the award will be accompanied by an annual symposium at the FII meetings, featuring a leading speaker in the field of robotics. The symposium will bring together delegates from academia, government and industry with a common interest, creating a pathway for robotics discussions and further driving innovation.
Richard Attias, CEO of the FII Institute, commented: "Our mission at the FII Institute is to create an impact on humanity, with a focus on four main areas, including artificial intelligence and robotics. With the launch of the Algoritmi Award, we look forward to encourage the brightest minds from around the world to share their creative ideas with investors and decision-makers and transform them into real-life solutions to solve some of the problems facing people around the world."
Global recognition of the importance of AI and robotics in solving today's global problems is growing, and the number of articles published in scientific journals has increased exponentially year after year. As new technologies emerge, it is clear that there is a pressing need for robotics research to focus on real-world solutions to address the social, economic, and environmental challenges we face today.
The development of the awards program was carried out in collaboration with global research publisher Springer Nature, who, with their expertise in science and research communication, will participate in the judging panel and the evaluation of entries for the inaugural award.
Steven Inchcoombe, Director of Publications, said: "The award programs provide important platforms to recognize researchers who are scaling up evidence-based approaches to address global challenges. We are pleased to support this new award through which FII will shed light on influential research emerging in AI and robotics".
NOTES TO EDITORS The event fact sheet can be found here.
About the FII Institute The Future Investment Initiative (FII) Institute is a new global nonprofit foundation with an investment arm and an agenda: Impact on Humanity. Global, inclusive, and committed to environmental, social, and governance (ESG) principles, we nurture great minds from around the world and turn ideas into real-world solutions in five critical areas: artificial intelligence (AI) and robotics, education, healthcare and sustainability.
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