Krypto Labs Concludes Its Successful Participation in ADSW

Krypto Labs, the Strategic Partner for the Climate Innovation Exchange (CLIX) at the World Future Energy Summit 2018, formed part of the judging panel for a global competition which aimed at engaging young global innovative entrepreneurs. From a total of 364 applicants across the globe, 27 innovators were selected as the finalists to pitch their ideas at the summit in the field of Air Quality, Clean Mobility, and Innovation in Agriculture. The initiative aimed at connecting future ready innovators and investors to foster innovative climate change solutions through knowledge, innovation and funding.

Anas Zeineddine, Manager  of Krypto Labs, said: “As part of being a Strategic Partner of CLIX at Abu Dhabi Sustainability Week, it enabled Krypto Labs to be a key player in selecting innovative solutions that are of strategic importance to the UAE, and further bolsters Krypto Labs’ position as being a diverse innovative platform”.

The 2018 edition of the World Future Energy Summit saw the launch of the Climate Innovation Exchange (CLIX) held in co-organization with Masdar. UAE-based Krypto Labs, the global incubator with a unique ecosystem for funding ground-breaking early stage start-ups, offered strategic support for the event. The partnership between Krypto Labs and CLIX marks the alignment of the two parties’ visions to reinforce the growing entrepreneurial and innovation landscape in the UAE which comprises of 3,000 start-ups representing 42% of the region’s start-up landscape.

 “This was a unique opportunity for Krypto Labs to evaluate global disruptive ideas, and position them to become viable and sustainable solutions. Our in-house initiatives, including partnership with marketplace platforms such as CLIX, bring entrepreneurs and investors together in pursuit of aligning innovative ideas with the needs of today’s market”. Anas Zeineddine, commented on the Krypto Labs participation in the competition judge panel

Through the strategic partnership with CLIX, Krypto Labs marked a leading step in expanding its global reach of start-ups and individuals interested in sustainable innovation and developing revolutionary products as well as services from multiple sectors. The goal is to nurture the entrepreneurial landscape in Abu Dhabi and the UAE.

Apart from the winners, participants at the competition approached Krypto Labs to seek the carefully designed incubator program offered by the company. Krypto Labs aids entrepreneurs and start-ups through vital assistance and support such as mentorship, funding, networking and other activities designed to propel them forward while focusing on core competencies.