UAE Space Agency and Krypto Labs have announced a cash prize of USD 27,173 and other funding worth 135,869 for the two winning teams of the GeoTech Innovation Programme.
The UAE Space Agency and Krypto Labs have announced today the two winning teams of the GeoTech Innovation Programme. The winners were awarded funding of AED 100,000 (USD 27,173) in cash and AED 500,000 (135,869) in kind, as well as the opportunity to accelerate and transform their innovative ideas into commercially viable and scalable market-ready products and/or services.
Working collectively and actively on mapping land deformation patterns in the UAE, Dr. Prasanth Marpu, Adham Alkhaja, Dr. Nikolaos Lisosis, and Dr. Prajowal Manandhar gained recognition as one of the two winning teams for proposing a business idea under the title ?Ayn Astra? which offers four products making use of satellite data. The proposition aims to use advanced processing algorithms for interferometric data processing. It also offers land use and land cover mapping, and it will be mapping the health of palm trees/vegetation and tracking dune motion.
?Utopia: Strategic Land Management Powered by AI? is the title of the business idea proposed by winners Ali Al Hammadi and Ziang Zhang. Their idea aims to offer a consulting agency based on an artificial intelligence system that generates assessments of existing land use, forecasts of future use and needs for a set of development assumptions, and strategies for urban and rural land management, and development using big data (primarily satellite data).
The programme received 80+ applications from university professors, students, entrepreneurs and engineers, from private and public companies, universities, and educational institutes in the UAE.
H.E. Dr. Eng. Mohammed Nasser Al Ahbabi, Director General of the UAE Space Agency said: ?The UAE Space Agency?s support for this initiative is in line with its strategic goals of supporting the development of national capabilities and the growth of innovation-led entrepreneurial activity in the UAE space industry. With the space sector poised to contribute to more and more socio-economic development, the GeoTech Innovation Programme is already playing a significant role in identifying, facilitating and advancing local entrepreneurial efforts in a range of fields related to space.?
Dr. Saleh Al Hashemi, Managing Director of Krypto Labs, said: ?This programme is one of our many initiatives that aspire to promote and facilitate a culture of innovation, as we believe that an innovative culture acts as the fundamental enabler in creating cutting-edge solutions. The ideas highlighted and discussed throughout the programme are a testament to this, as their application and implementation will generate significant impact.?
Dr. Khaled Al Hashmi, Director of Space Missions, Science and Technology at the UAE Space Agency, said: ?The GeoTech Innovation Programme comes in line with our Science, Technology, and Innovation Roadmap, which on one hand, aims to develop local talents in space sciences and provide practical solutions that can contribute to transforming the UAE into a knowledge-based society; and on the other hand, fulfils the strategic objective of developing the UAE space sector by supporting entrepreneurs to establish innovative businesses and startups.?
This initiative highlights the shared vision of both parties in providing a local platform that unveils Emirati talent and develops their skill-set in the field of space sciences and its applications in line with the sustainable development of the UAE.
