- Voliro awarded investment worth up to USD 500,000 from Krypto Labs at DISC 2018 finale
- More than 600 participants from countries and universities around the world
Abu Dhabi, UAE – May 7 2018 – Concluding its most rewarding contest to date, Krypto Labs, the global incubator with a unique ecosystem for ground-breaking startups announced that Voliro, from Switzerland, which is a start-up focusing on omnidirectional drones for interaction and uninhibited observation, is the winner of its latest contest. The Drone Innovation Start-Up Contest (DISC) aimed to recognize the top innovators who contribute to redefine the conventional wisdom around aerial mobility and its entrepreneurial potential startups. The highly anticipated competition has proven to be influential in the field of aerial photography, transportation and logistics, disaster management, search and rescue operations, terrestrial mapping, building management, law enforcement surveillance, and weather forecasting.
The grand finale event was held at Krypto Labs’ state-of-the-art premises located in Masdar City, with an astounding number of attendees comprising of industry experts, entrepreneurs, and investors. With over 600 applicants from 61 countries, five finalists were chosen to pitch live onstage at Krypto Labs’ facility. One start-up, however, managed to impress the jury and earned the title of DISC 2018 winner, receiving USD 500,000 in funding, and vital assistance, including mentorship, and access to a worldwide network. Voliro hopes to open up a world of new possibilities by designing a Hexacopter that can hover in any orientation in the air by decoupling its position and its orientation completely, giving the System the ability to perform acrobatic maneuvers.
The conscientious process of choosing a final winner required a judging panel of drone industry experts, serial entrepreneurs and prominent founders, including Dr. Saleh Al Hashemi, Managing Director of Krypto Labs, Zach Coelius, Early stage technology investor and advisor, Amir Kalaoun, Director of International Business Development at Aurora Flight Sciences, John Ramey, Startup investor and advisor, innovation design expert, and Amir Hirsc, Founder at Flybrix, an Education-Focused Drone Developer.
Dr. Saleh, Managing Director of Krypto Labs, said “Today, advances in drone technology are revolutionizing many industries and practices of business, and I am proud to say that Krypto Labs is one of the best places to inspire innovators to seek their dreams. Krypto Labs also actively participates in the community by hosting a lot of events, workshops and, seminars that bring innovation to the community and in the close future, centers of excellence. In this contest, we aim to recognize top innovators who are contributing to this industry in many different sectors. We received 600 applications from 61 countries and tonight I feel very privileged and honored to stand in front of all of you and acknowledge these groundbreaking startups and their founders.”
The Drone Innovation Startup Contest comes in alignment with the UAE National Innovation Strategy and the UAE Vision 2021 based on “innovation, research and technology will form the pillars of a knowledge-based, highly productive and competitive economy, driven by entrepreneurs in a business-friendly environment where public and private sectors form effective partnerships”. In this context, Krypto Labs is focusing on bringing forward the best technologies from around the world to share their ideas and showcase their products.