The UAE Space Agency and Krypto Labs, the Abu Dhabi-based global innovation hub, presented a paper on the success of the GeoTech Innovation Program at the 70th International Astronautical Congress (IAC), that took place in Washington D.C., in the United States of America, on 21-25 October 2019.
The International Astronautical Congress is hosted by the American Institute of Aeronautics and Astronautics and gathers top world researchers and experts in space sciences to discuss the advancement and progress of space in its various features. IAC included a rich program with nearly 200 technical sessions, panel discussions and special events in efforts to inspire global innovations in space.
The paper presented at IAC is jointly written by the UAE Space Agency and Krypto Labs, whose researchers and contributors include Dr. Fatima Al Aydaroos, Dr. Mohammed Adnan, Fatima Abdulla, Hanan Khaldi, Anas Zeineddine and Dr. Khaled Al Hashemi under the title, “Entrepreneurship in the UAE Private Space Sector: The Geotech Innovation Program.”
In alignment with a shared vision to positioning the UAE as a global leader in the space sciences and contributing to the local space sector, the UAE Space Agency and Krypto Labs launched the GeoTech Innovation Program, in efforts to encourage UAE-based entrepreneurs to build innovative solutions by leveraging big data analytics and Earth observation using satellite data, within the following areas;
1. Urban and rural land management
2. Disaster and crisis management
3. Coaster border security
The paper presented at IAC discussed the objectives, phases, and outcomes of executing the GeoTech Innovation Program, which successfully carried out the incubation of two Emirati startups, namely Ayn Astra and Farmin. The incubation program, which awarded funding of AED100,000 in cash and AED500,000 in kind to both winning startups enabled the startups to transform their innovative ideas into commercially viable and scalable market-ready products.
The GeoTech Innovation Program aligns with the National Space Strategy 2030, which sets the general framework for the UAE's space industry and activities carried out by public and private sectors for the years leading up to 2030.
About UAE Space Agency
The UAE Space Agency, the first national space agency in the region, was established in 2014, and is responsible for organizing, regulating and supporting the national space sector under federal law. This includes the complete oversight and funding of space missions such as the Mars Hope Probe, the UAE’s unmanned mission to Mars.
The primary goals of the UAE Space Agency are to contribute significantly to diversification of the national economy, prepare the upcoming generation of Emiratis for leadership in the space sector through a range of capacity building programs, and raise awareness about space sciences and STEM fields among the general public. In addition, it is responsible for expanding and enhancing the UAE’s international standing in space-related fields, and for issuing policy and laws for the space sector.
About Krypto Labs
Krypto Labs is a global innovation hub that offers custom business incubation and acceleration programs, corporate innovation, funding for start-ups, and an inspiring coworking space. Krypto Labs is a strategic partner with Silicon Valley-based 500 Startups, which is among the world’s most active seed investors with over 2,000 startups. Krypto Labs is headquartered in the sustainable eco-development Masdar City in Abu Dhabi, United Arab Emirates.
The Krypto Labs incubation and acceleration programs are carefully designed to support early-stage and established start-ups with vital assistance, including mentorship, funding, networking, and other support services to allow innovators to concentrate on their core competencies.
Our sustainable state-of-the-art premises are inviting, inspiring, embedding and confidence boosting. Krypto Labs provides the entrepreneurial community with private offices and a co-working space where entrepreneurs, tech startups, researchers, SMEs and others can focus and achieve in the company of like-minded individuals. Our tenants are able to avail themselves to numerous benefits, including, but not limited to, a coffee shop, gymnasium, tech shop, video and audio studio, fully-equipped meeting rooms, event space, 3D-printing lab, top-quality ICT infrastructure and support, VR experience, and guidance on how to register their companies with Masdar Free Zone.