Abu Dhabi based Krypto Labs has recently opened the worldwide registration for its Drone Innovation Startup contest. Krypto Labs DISC 2018 is open to both individual innovators and team-based projects or start-up companies with no more than 10 employees, and from anywhere in the world DISC 2018 will grant the winning early stage start-up an opportunity to obtain up to US$500,000 capital investment and enrolment in the incubator, in return for Krypto Labs receiving a stake in the business.
Online applications can be submitted between January 28 and April 8, 2018. Submissions will be reviewed by the Krypto Labs team who will select a maximum of 20 shortlisted entries by April 12. From these shortlisted start-ups, a jury of global experts in drone technology will select five finalists who will be invited to pitch to the Final Day Jury at our DISC 2018 Final Event in Abu Dhabi on May 6.
Dr. Saleh Al Hashemi, managing director, Krypto Labs, said:
” As a homegrown entrepreneurial ecosystem, we look forward to be a significant enabler for innovation in the UAE and beyond. DISC 2018 is the logical step for us at Krypto Labs, and it stands as the ideal platform for unearthing the best minds in the drone technology and Unmanned Aerial Vehicles (UAV) and Unmanned Aerial Systems (UAS) sector.”
The project must be centred around drone technology and must leverage the drone technology to solve a problem society faces today. To enter, team-based start-ups or projects must select one person to submit the application and to serve as the team’s representative throughout the competition.
Source: Website