Krypto Labs, a world-class ecosystem for groundbreaking start-ups, will officially inaugurate its custom-built all-in-one incubator, accelerator and co-working space in the heart of Masdar City, Abu Dhabi, helping bridge the gap between innovators and investors.
The new 2,600 sq-m facility comprises hitech resources including an advanced computing and 3D printing lab, technical workshop, audio-visual studio, high-end telescope, e-library, and an on-site mentoring area, said a statement from the company.
Krypto Labs will also provide several support mechanisms such as legal advice, access to 50 incubators around the world, networking channels to industry leaders, and introductions to local, regional, and global venture capitalists and investors, it stated.
Commenting on the incubator, Dr Saleh Al Hashemi, the managing director, said the opening of Krypto Labs marks the beginning of a new era for both entrepreneurs and investors in the UAE.
"This world-class facility was born from a deep understanding of the pain points typically faced by many start-ups, but has also been designed to incubate companies in any sector or phase of development, anywhere in the world," noted Dr Al Hashemi.
"We are looking forward to working closely with some of the world’s most ambitious minds and welcoming them to their new home in the Middle East," he added.
During the exclusive event, a panel of industry experts will select the winner of the Krypto Start-up Contest 2017, a global competition launched in August to unearth the most promising innovators aspiring to disrupt status quos across all industries.
In just 50 days, 2,000 applications were received from 75 countries, said a statement from the company.
The Krypto Labs model has already attracted funding from various investors across a variety of industries, and deployed capital to several companies in different phases of development and implementation, it added.-TradeArabia News Service