Abu Dhabi, UAE: –In its efforts to discover and fund high-potential entrepreneurs and ground-breaking start-ups, the innovation hub, Krypto Labs, revealed the top five finalists for the EdTech Innovation Start-up Competition 2018. Selected by a panel of global experts in education technology, the pitch will take place in Abu Dhabi on December 12th, 2018 wherein the ‘Entrepreneur Hero’ will receive US$150,000 in addition to US$20,000 awarded to the winners of each of the five categories amounting to a total of US$270,000.

The EdTech Innovation Start-up Competition 2018 sets light on the importance of technology in the context of education, while focusing on the significance of artificial intelligence to positively impact existing educational ecosystems.

Krypto Labs received more than 800 applications from across 58 countries since the opening of the application process in August 2018. Startups from United Arab Emirates, United States, Canada, Germany, France, India, Singapore and Kenya have applied wherein some applications included participants from prominent universities such as Duke University, John Hopkins University, and Stanford University amongst others.

From these shortlisted businesses, the jury of global experts in education technology selected the following five finalists for the EdTech Innovation Startup Competition 2018;

  • Key 2 Enable, from Brazil. (Universal Access)
  • Parlay Ideas, from Canada. (Supplemental Applications)
  • 42Lab, from Singapore. (Supplemental Applications)
  • Klazz, from Germany. (Lifelong Learning Applications)
  • Kamkalima, from Lebanon. (Curriculum Applications) 

Dr. Saleh Al Hashemi, Managing Director of Krypto Labs said, “I want to congratulate the top five finalists who stood out from a great number of applicants with ideas that have the potential to touch a million lives and enhance the education industry.”

He also added, “With over 800 applicants from across the world, Krypto Labs has been able to make a name for itself on an international scale. This has been made possible because of the UAE’s unique positioning in the region as an innovation and technology hub that inspires innovators and entrepreneurs to share their ideas and showcase their products without limits.”

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About Krypto Labs

Krypto Labs is a purpose-built innovation hub offering custom business incubation programs, funding for startups, and an inspiring co-working space. Krypto Labs is a strategic partner with Silicon Valley-based 500 Startups, which is among the world’s most active seed investors with over 2,000 startups.  Krypto Labs is also associated with ADFG, a leading investment firm with assets under management of over US$20billion.  Krypto Labs is headquartered in the sustainable eco-development Masdar City in Abu Dhabi, United Arab Emirates.

The Krypto Labs incubator program is carefully designed to support new ideas and established start-ups with vital assistance, including mentorship, funding, networking, and other support services to allow innovators to concentrate on their core competencies. Selected start-ups will receive funding in return for a negotiated stake in their company.

Our sustainable state-of-the-art premises are inviting, inspiring, embedding and confidence boosting. Krypto Labs provides the entrepreneurial community with a co-working space where freelancers, independent contractors, work-from-home professionals and others can focus and achieve in the company of like-minded individuals. It also allows them to be part of a network that provides complimentary services to their businesses for below-market cost.  Krypto Labs also provides world-class innovation programs through strategic partnerships in corporate innovation and ecosystem development.

© Press Release 2018

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