PR98502

RIYADH, Saudi Arabia, Oct. 26, 2022 /PRNewswire=KYODO JBN/ --

Global nonprofit foundation, the Future Investment Initiative (FII) Institute,

today announced the launch of the 'Algoritmi Prize' with support from global

research publisher Springer Nature. The annual science and technology prize has

been 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 across topics such as food and water security,

healthcare, energy and climate change. All eligible applicants will be invited

to an open competition, evaluated by an independent panel of global experts.

The winning applicants will then receive funding to develop and scale their

technology, while getting access to the FII Institute's platforms where they

will be able to share their research with investors, academics and

decision-makers. Applications will be open in January 2023, and the winners of

the first prize will be announced October 2023 at the FII 7th Edition.

In addition, the prize will be accompanied with an annual symposium at the FII

meetings, involving an address from a high-profile speaker in the field of

robotics. The symposium will bring together delegates from across academia,

government and industry with a common interest, creating a path for discussions

in robotics and pushing innovation further.

Richard Attias, CEO of the FII Institute, commented, "Our mission at FII

Institute is to create an impact on humanity, with a focus on four main areas,

including artificial intelligence and robotics. Through launching the Algoritmi

Prize, we hope to encourage the brightest minds from around the globe to share

their creative ideas with investors and decision-makers and transform them into

real-life solutions to solve some of the problems people are facing all over

the world."

Global recognition for the importance of AI and robotics in solving current

global issues is increasingly growing, and the number of papers published in

science journals has risen exponentially year-on-year. As new technology

emerges, 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 are facing today.

The development of the prize program has been conducted in collaboration with

global research publisher Springer Nature, who with their expertise across

scientific and research communication, will be involved in the judging panel

and evaluation of entries for the inaugural prize.

Steven Inchcoombe, Chief Publishing Officer said, "Award programs provide

important platforms to recognize the researchers who are extending

evidence-based approaches to tackling global challenges. We are pleased to

support this new award through which FII will shine a light on influential

research emerging in AI and robotics."

NOTES TO EDITORS

The event factsheet can be found here:

https://fii-institute.org/wp-content/uploads/2022/07/FactSheet_Enabiling-a-New-Global-Order-6th-4.pdf

About FII Institute

The Future Investment Initiative (FII) Institute is a new global nonprofit

foundation with an investment arm and one agenda: Impact on Humanity. Global,

inclusive and committed to Environmental, Social and Governance (ESG)

principles, we foster 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.

Logo - https://mma.prnewswire.com/media/1811613/FII_Institute_Logo.jpg

SOURCE: FII Institute