NYU: StartAD Gears up for Second Edition of Hardware Venture Launchpad

Press release
Published April 11th, 2018 - 08:18 GMT
Ramesh Jagannathan, startAD Managing Director
Ramesh Jagannathan, startAD Managing Director

startAD, the innovation and entrepreneurship platform anchored at NYU Abu Dhabi, has issued a final call for innovative startups to apply for the second edition of the hardware Venture Launchpad before the approaching deadline of April 15.

The hardware Venture Launchpad is an immersive 10-day entrepreneurship program that will help startups develop a scalable, repeatable, and capital efficient venture from April 29 to May 9, 2018. The initiative is open to UAE and global early-stage hardware startups and is free of charge to accepted teams.

Held in partnership with ADNOC Distribution, Etihad Aviation Group, and Crescent Enterprises, the program is set to culminate in an exclusive Investor Day where the top 10 teams will receive private one-on-one facetime with 10 UAE investors. Finalists will also win a prototyping grant and be considered for investment and ADvance mentoring by startAD, including the opportunity to build their prototype at Al Warsha, the startAD lab.

NYU Abu Dhabi Research Professor of Engineering, Vice Provost for Innovation and Entrepreneurship, and startAD Managing Director Ramesh Jagannathan, said: “startAD is focused on developing hardware based innovations, leveraging latest advances in AI and machine learning, as a potential regional core competency. startAD’s strategic partnerships with Etihad Airways and ADNOC Distribution are expected to accelerate and strengthen this vision, and provide a landing zone for successful startups in these key sectors.”

Jagannathan continued: “For example, ‘on demand, full service mobile automobile care’ is disrupting the consumer and professional transportation industry  through key innovations in the hardware space such as smart and safe fuel delivery and dispensation. Aviation industry is heating up with startups that are also now developing low cost, wearable, head-mounted, near-to-eye displays for aircraft pilots, including augmented reality systems, with potential to transform the industry." 

In addition to refining their prototypes, startups accepted into the program will gain a deeper understanding of design thinking methodologies, go-to-market strategies, financial planning including valuation and funding as well as the chance to connect with manufacturing sources and prototyping labs in China.

Promising hardware startups with the vision and drive to build a successful company and who have a tested concept, initial prototype/product and an initial team can apply through the startAD website - hvl.startad.ae

Background Information

New York University Abu Dhabi

NYU's agreement with the Emirate of Abu Dhabi to create NYU Abu Dhabi is the outcome of a shared understanding of the essential roles and challenges of higher education in the 21st century: a common belief in the value of a liberal arts education, concurrence on the benefits a research university brings to the society that sustains it, a conviction that interaction with new ideas and people who are different is valuable and necessary, and a commitment to educating students who are true citizens of the world.

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