Abu Dhabi: SatSure, a geospatial data analytics company which leverages advances in satellites, machine learning, and big data analytics, has won the IMKAN Innovation Award worth USD 10,000 at startAD’s Venture Launchpad.
Organized by startAD, the Abu Dhabi based global accelerator powered by Tamkeen, the 10-day Venture Launchpad sprint accelerator helps local corporations innovate through global tech startups. It also supports startups to validate their business model and enter the UAE market through pilot projects (PoCs) with leading local corporations.
This edition of Venture Launchpad focused on the construction and real-estate management industries. Partners included IMKAN, Consolidated Contractors Company (CCC), Abu Dhabi National Exhibition Centre (ADNEC), and the Abu Dhabi Department of Urban Planning and Municipalities (DPM).
SatSure integrates trends derived from satellite imagery with public datasets to develop decision making insights for planning and monitoring assets and estimating their underlying value. Speaking after winning the award, the founders of SatSure, Prateep Basu and Rashmit Singh Sukhmani said: “We at SatSure are very excited to win this award, and we look forward to continue innovating at the intersection of satellite technology and Artificial Intelligence – we would like to thank IMKAN for placing their trust in us and our startup.”
Research Professor of Engineering, Vice Provost for Entrepreneurship at NYUAD, and Managing Director of startAD Ramesh Jagannathan, commented: “With the construction industry contributing 8.4 percent to the UAE’s GDP, it has become a priority for government and private sectors alike. This can partially be attributed to the country’s ambitions in achieving smart cities that enable a greater opportunity for businesses, enhanced citizen engagement, and economic development. Venture Launchpad supports these goals by further strengthening local leaders in the construction space with cutting-edge technology solutions to advance the sector. My congratulations to SatSure, whose concept of leveraging advances in satellite remote sensing, machine learning, and big data analytics, has the potential to address a number of challenges currently facing the industry.”
CEO of IMKAN Properties Walid El Hindi commented: “At IMKAN, we are committed to supporting our future generations and are immensely proud to be such a big part of startAD. We take a research-led approach to all our developments, and the solutions SatSure have proposed will aid and enrich our ability to build soulful vibrant places. We believe working with youthful, innovative, and uninhibited minds as an extension of our team is incredibly invaluable.”
Venture Launchpad is startAD’s flagship program designed to help startups rapidly refine, improve, and validate their business models for local and regional markets. Since September 2017, the sprint accelerator has worked with 102 startups from 37 countries, securing over 15 pilot projects with the program’s partners, and raising more than USD 12 million in investments.
This cohort brought together 11 startups from eight countries with solutions relevant to the UAE in predictive maintenance, autonomous building management systems, geospatial data analytics for urban space planning and management, proximity intelligence for user experience improvement, and products for sustainable modular housing.
startAD is an Abu Dhabi-based global accelerator steering seed-stage technology startups to launch, develop, and scale their ventures. Anchored at NYU Abu Dhabi and powered by its partner Tamkeen, the accelerator equips startups to pilot solutions with industry leaders, while enabling corporates to innovate with startups disrupting their core businesses.
startAD has the unique domain expertise and state-of-the-art facilities to develop startups with a focus on hardware and AI, as well as other solutions in priority industries including aviation, energy, sustainability, construction, and security. Enrolled startups benefit from startAD’s extensive range of programs and global network of investors, mentors, and experts, in addition to access to startAD’s seed fund for local startups. Since startAD’s launch in 2016, participating startups have raised $12 million in investment, secured numerous pilot projects, and have been recognized with global design and product awards.
IMKAN is an Abu Dhabi-based real estate developer with a portfolio of 26 projects spanning three continents. The company aims to create soulful places that enrich people’s lives. IMKAN’s proposition is built around a unique research platform that uncovers the distinct social behaviors and habits of specific market segments – from millennials to discerning high-net-worth individuals – to formulate tailored user profiles. This research-led approach enables the company to shape communities that are in tune with the mindset of each profile, thereby adding value for its stakeholders.
IMKAN is a wholly owned subsidiary of Abu Dhabi Capital Group (ADCG). Its key projects include two developments in Makers District – The Artery, a multi-use building that integrates a makers’ space with a parking garage, and Pixel, the company’s first mixed-use destination. Other key developments are Nudra, a luxury beachside villa community; Sheikha Fatima Park, the capital’s first urban park that seeks to enhance community interaction; and AlJurf, the fully integrated second-home destination along Sahel Al Emarat. The pristine development is nestled between Abu Dhabi and Dubai and comprises timeless villas and land plots set in a preserved and natural ecosystem. In addition, the company has big announcements in the pipeline for 2019.
Tamkeen is a company that delivers projects to meet Abu Dhabi’s vision of knowledge-based development. This is achieved by collaborating with a variety of local and international institutions to enrich Abu Dhabi’s social, cultural and educational landscape in line with its Economic Vision 2030.
About NYU Abu Dhabi
NYU Abu Dhabi is the first comprehensive liberal arts and science campus in the Middle East to be operated abroad by a major American research university. NYU Abu Dhabi has integrated a highly-selective liberal arts, engineering and science curriculum with a world center for advanced research and scholarship enabling its students to succeed in an increasingly interdependent world and advance cooperation and progress on humanity’s shared challenges. NYU Abu Dhabi’s high-achieving students have come from 120 nations and speak over 120 languages. Together, NYU's campuses in New York, Abu Dhabi, and Shanghai form the backbone of a unique global university, giving faculty and students opportunities to experience varied learning environments and immersion in other cultures at one or more of the numerous study-abroad sites NYU maintains on six continents.
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