Search by Popular Categories


  • Consumer

  • Commercial

  • Construction

  • Industrial

  • Oil & Gas

  • DIAMOND SPONSOR

COMMERCIAL NEWS

Krypto Labs shortlists teams for Drone X Challenge

May 19, 2019 2:03 PM

Krypto Labs a global innovation hub based in Abu Dhabi has shortlisted teams from Phase I and the opening of Phase II of Drone X Challenge 2020 a multimillion-dollar challenge for innovation in drone delivery...

Krypto Labs, a global innovation hub based in Abu Dhabi, has shortlisted teams from Phase I and the opening of Phase II of Drone X Challenge 2020, a multimillion-dollar challenge for innovation in drone delivery technologies.

The shortlisted teams of the first phase received $320,000 in R&D grants, which required applicants to provide a technical proposal detailing the design of a drone system capable of carrying heavy payloads for long durations. During this first phase, Krypto Labs received 584 applications from 55 countries.

The shortlisted teams of Drone X Challenge 2020 Phase I:

Multi-rotor battery powered:
-- Industrial Technology Research Institute (ITRI) from Taiwan
-- KopterKraft from Germany

Multi-rotor hydrocarbon/hybrid powered:
-- DV8 Tech from USA
-- Richen Power from China
-- Industrial Technology Research Institute (ITRI) from Taiwan

Fixed-wing battery powered:
-- Vulcan UAV Ltd from UK
-- RigiTech from Switzerland

Fixed-wing hydrocarbon/hybrid powered:
-- Forward Robotics from Canada

Companies that want to apply for Drone X Challenge 2020 Phase II will have to develop an MVP capable of achieving the minimum endurance and payload as per the category they are applying to. The outstanding applications that meet the requirements of Phase II will receive $300,000 in R&D grants.

Dr Saleh Al Hashemi, managing director of Krypto Labs said: “This competition aligns with our efforts in contributing to the development of drone technology globally, as the drone market in the UAE is already among the most advanced in the region.

“We aim to redefine the way drone technologies are impacting our lives, and Krypto Labs is proud to be leading the way in the region by supporting startups, established companies, and industries involved in the field of drone development. By catalyzing and supporting these innovative solutions, we aim to continue leveraging disruptive technologies that can create value and make an impact.”

The three phases of Drone X Challenge 2020 are taking place over two years, providing $620,000 in R&D grants for the first and second phases, and providing $1 million in prizes for the final phase. – TradeArabia News Service

Premium Partners - commercial

COMMERCIAL NEWS

Abu Dhabi development fund's global spending tops $59bn Mar 28, 2024 16:44 PM

Abu Dhabi Fund for Development (ADFD) achieved remarkable results...

Microsoft launches Copilot Pro to empower individuals Mar 27, 2024 13:17 PM

Microsoft has announced the expansion of its Copilot Pro subscription...

ADIB leads closure of $235m syndicated transaction Mar 27, 2024 12:21 PM

Abu Dhabi Islamic Bank (ADIB) has announced the successful closure...

Future of AI-powered networking explored at event Mar 27, 2024 11:29 AM

Gulf Business Machines (GBM) in collaboration with Cisco and Nutanix...

Emirates Islamic marks 20 years of outstanding progress Mar 26, 2024 11:46 AM

Emirates Islamic one of the leading Islamic financial institutions...

Mubadala invests in India’s Avanse Financial Services Mar 26, 2024 10:52 AM

Mubadala Investment Company the Abu Dhabi-based investment company...