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Abu Dhabi-UAE:– Khalifa Innovation Center (KIC), which is hosted by Khalifa University of Science and Technology, has announced the kick-off of its cohort of the 16-week Incubation Training Program. Founded by Khalifa Fund, Tawazun, Mubadala Investments Company, Sandooq Al Watan and Khalifa University, KIC supports commercialization of local high-technology innovations, nurturing them into successful startups.
Started recently, 10 high technology startups seed-funded by KIC, selected out of the 141 applications from across UAE universities and research centers, started receiving commercialization-focused training and support with specific focus on business, product and marketing development. Khalifa University faculty are involved in five of the total 10 startups that are part of the KIC Incubation Program.
As part of the commercialization program, the participants will receive one-on-one mentorship, access to core industry experts, Khalifa University’s lab facilities, founding partners’ network, as well as special purpose vehicle (SPV) and innovation license company registration through Abu Dhabi Global Marketplace (ADGM).
Dr. Arif Sultan Al Hammadi, Executive Vice-President, Khalifa University of Science and Technology, said: “Entrepreneurship thrives only through innovation and we are delighted to be part of the Khalifa Innovation Center’s Incubation Training Program that will help Emirati startups. Joining with our partners, we are keen to ensure these budding entrepreneurs and their technology startups will flourish and become major enterprises in their area of expertise, contributing to the UAE and the global community. We believe the Incubation Training Program will immensely benefit these young entrepreneurs.”
Mohamed Al Qadhi, Acting CEO, KIC, said: “Khalifa Innovation Center bridges the gap and enables inventors and positive researchers to create viable commercial businesses that have economic returns and generate employment opportunities in the UAE. Unlike other incubators or accelerators, KIC focuses on deep-tech startups and scouts for the best inventions that have commercial value across the UAE.”
The KIC startups from Khalifa University selected for the program include Jinomix which provides comprehensive DNA and genetic mapping, the Khalifa University-Strata Manufacturing initiative to make bicycles from aerospace carbon prepegs, and the Medical Advanced Researched Projects (MARP) which offers testing of antenatal fetal welfare.
In addition, SPL Co which offers software modernization and migration services, and Networksync – two projects from Khalifa University’s Emirates ICT Innovation Center (EBTIC) – have been funded by Khalifa Innovation Center.
KIC acts as an incubator for start-ups and research innovation by young Emirati entrepreneurs and inventors. The Center aims to provide the space, funding and mentorship needed in order for the recipients to grow their businesses, and create the next the generation of leaders in the technology industry.
ENDS
About Khalifa Innovation Center
Khalifa Innovation Center is an innovative incubation center that supports high tech/high impact start-ups, new and improved products that are nurtured and brought to the market.
Khalifa Innovation Center was launched as a center of excellence to boost the Emirati industry. This directly supports the UAE 2021 vision of transitioning into a knowledge-based economy, promoting innovation, research and development.
For more information, please visit: http://www.khalifaInnovation.ae
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