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Krypto Labs is announcing a Drone X Challenge (DXC) Prize. The prize aims to accelerate the practical deployment of drones in key applications focusing on transportation and delivery. DXC will support innovative solutions that tackle two major challenges: payload capacity, and flight endurance. Krypto Labs is an incubator for global business technology with a unique ecosystem for funding ground-breaking startups.
The total amount of 1.5 million dollars is distributed as follows:
DXC is open to entrepreneurs, start-ups, R&Ds, university students and companies.
Points will be awarded based on the technical and commercial capabilities of the drones meeting or exceeding the Drone X Challenge requirements. Bonus points will be accredited to innovative commercial applications demonstrating:
The competition consists of three phases and a final event. Each team will have to design, develop and demonstrate their drone systems according to the specifications of the chosen category.
Cryptolab is headquartered in the sustainable eco-development Masdar City in Abu Dhabi, United Arab Emirates. It is an innovation hub designed to support new ideas and startups in different ways, such as offering customized mentoring programs, co-working space, and funding. Kryptolab is associated with ADFG, a leading investment company, in addition to its partnership with 500 Silicon Valley-based startups.
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