Masdar City welcomes its new startup incubator by Krypto Labs. To celebrate the event, Krypto Labs launches a USD 250,000 startup competition open to fresh, innovative minds from all over the world.
The new hub is designed to support startups in any business niches. It offers tailor-made mentorship and advanced IT facilities, including 3D printing. Startups in various stages of development can apply for funding and negotiate with Krypto Labs equity in their projects. Dr. Saleh Al Hashem called Krypto Labs “a home-grown entrepreneurial ecosystem,” that aimed to disrupts the startup scene in the Middle East and work towards a knowledge-based economy.
Krypto Labs has secured USD 250,000 in awards for the most promising participants in the upcoming competition. The winner will be announced at an official ceremony on October 21 in Abu Dhabi.
The deadline for application is September 21. You can submit your ideas online