Abu Dhabi-based Krypto Labs to globalise startup landscape with search for ambitious innovators
Wednesday September 13, 2017,
3 min Read
These are heady times for innovations and innovators with mentoring going global. If you’re an individual with an exciting product, or a startup with a highly motivated team, you have a chance to win US$ 250,000 in funding, mentoring and incubation by Krypto Labs. The good news is that the Krypto Startup Contest 2017 is across industries and the mentoring can be both onsite or virtual.
Applications will first be reviewed by experts who will select a maximum of 30 winning entries. The shortlisted ones will then receive mentorship from elite, international specialists before the three finalists are selected. These three will then be invited to pitch to a renowned jury of industry leaders and experts at the Krypto Labs’s opening ceremony in Abu Dhabi on October 21, 2017.
Dr. Saleh Al Hashemi, Managing Director, describing Krypto Labs as a homegrown entrepreneurial ecosystem that fosters innovation while unearthing some of the best and brightest ideas in the region and globally, said: “The Krypto Startup Contest 2017 is an exciting opportunity for all innovators who want to realise new possibilities. While Abu Dhabi is our home, we are looking to work with the best minds, regardless of their location. Our mission is to establish a true knowledge-based economy that disrupts the startup landscape across the Middle East and beyond, whilst turning ground-breaking concepts into successful, scalable companies.”
Access to funding
In keeping with its global entrepreneurial ecosystem, Krypto Labs It is looking for the most promising innovators aspiring to disrupt status quos across industries anywhere in the world, and the winner will receive seed funding, mentoring and incubation, both onsite as well as virtually. The companies can be in various stages of development and the funding is in return for a negotiated investment in the projects, subject to terms proposed by Krypto Labs prior to the final stage of the contest following a professional evaluation and risk analysis of the business.
Krypto Labs is an all-in-one business incubator, accelerator, and co-working space located in the heart of Masdar City, Abu Dhabi. Its 2,600 square metres of custom-built, co-working space is designed to facilitate disruptive thinking, and comprises world-class, onsite resources such as advanced computing, 3D printing, and onsite mentorship.
Dr. Al Hashemi added: “The Krypto Start-up Contest 2017 is an exciting opportunity for all innovators who want to realise new possibilities. While Abu Dhabi is our home, we are looking to work with the best minds regardless of their location.”
So those who believe they have an innovation or a revolutionary product or service, whether you’re in Palm Jumeirah or Jhumri Telaiya, don’t hesitate to send your applications online at https://goo.gl/UAMdrP before September 21, 2017. You could be the next big thing in the incubator.