Ecosystem

UAE’s Krypto Labs announces EdTech contest with $270,000 in prizes for global startups

Abu-Dhabi based global tech incubator Krypto Labs has announced EdTech Innovations Startup Contest that aims to find disruptive edtech products and services which are original and have commercial applications. The competition will be open to entrepreneurs, startups, R&Ds, university students and companies from all around the world.

One of the criteria for individuals or teams to apply is that the product that they’ve built must have artificial intelligence on the forefront or as a part. The categories for which Krypto Labs will be accepting applications include Curriculum Applications, Universal Access to Classrooms, Data Applications, Lifelong Learning Applications, Supplemental Applications, and Behavioral Analytics Applications.

The winner will receive up to $150,000 in funding and an additional $20,000 will be awarded to the winner of each of the six categories listed above.

“Our world is changing at a rapid pace, and it is our duty to adapt to all the changes occurring in our current time, education continues to be a valuable and crucial asset to our evolvement as a species,” said Dr. Saleh Al Hashemi, Managing Director of Krypto Labs, announcing the contest.

“With this in mind, we need to consider furthering education as we know it, and expanding the horizon of what needs to be taught, how it can be taught, and the appropriate training that comes along. I believe that this contest, along with other incredible contests created by Krypto Labs, will set the wheels in motion for the movement that will help keep us abreast with the changes in the world around us,” he added.

The eligibility criteria as listed on Krypto Labs’ website is following:

  • It must be categorized as part of the EdTech industry.
  • It must have Artificial Intelligence on the forefront or as part of the application.
  • Fall within on elf the listed categories.
  • It should impact learning or enable better management of the education process.
  • It can disrupt or supplement current education settings or ecosystems.
  • It must be for-profit.
  • It must have commercial applications.
  • It must be inventive, innovative or disruptive.
  • The business proposal must be original work and applicants must hold all applicable rights.
  • It must be submitted in English.
  • A team of up to three people, or the individual representing the idea or start–up, must be available to pitch the project in person on December 12, 2018 at Krypto Labs Abu Dhabi.

The online applications will open on August 15, 2018 and close on October 14, 2018. All the applications will be reviewed by a group of experts who will select up to 20 shortlisted entries by November 1, 2018 and these twenty will then be reviewed by an jury of global experts in Education technology who will select six finalists.

The six finalists will be invited to pitch their products at Krypto Labs in Abu Dhabi on December 12, 2018.

You can learn more and apply (from August 15 onwards) here using this link.

Zubair Naeem Paracha

Contributor at MENAbytes
An HR Consultant based in Riyadh who has always been passionate about tech and startups. Currently trying to build his own startup, Qraar. You can reach him on Linkedin,  Twitter or zubair [at] menabytes [dot] com.

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