Like Our Facebook Page For Latest News
Abu Dhabi: The UAE Space Agency, in collaboration with Krypto Labs, has announced on Monday the four winning teams that will participate in the UAE NewSpace Innovation Programme that is aimed at “positioning the country as a leader in space science and exporter of space solutions.”
The four winning projects include Compass Nadir, asensor that uses the principles of chemistry to measure satellite position; Light Trapping Dynamic Photovoltaic Module for Space Applications, adaptive against any external and internal impacts like soiling, shading, and micro-cracks; SAR-Sat Arabia, a group of small satellites that will collect data for multiple sectors in the MENA region and the world; and Smart Navigation Systems, a platform that enhance satellite imageries through AI (artificial intelligence).
UAE NewSpace Innovation Programme, one of the main pillars of the Global Space Industry Accelerator (GSIA) initiative, is a three-month program worth Dh2 million that will incubate the space projects and graduate them into Emirati space startups.
The incubation will be conducted over four phases: build the technical and business aspects of each project; validate the business assumptions; grow customer interest; and focus on investment and growth strategies.
The programme received over 150 applications from university professors, students, entrepreneurs and engineers, from private and public companies, universities, and educational institutes in the UAE.
Dr. Eng. Mohammed Al Ahbabi, director general of the UAE Space Agency, said: “During these challenging times, our main priority remains centered around backing innovative entrepreneurs, whose startups can contribute to catalyzing the space industry’s growth.”
“Our objectives also remain unhindered, as we work towards building the local entrepreneurial activity in the space sector and providing practical solutions for a knowledge-based society under the UAE’s strategy for the Fourth Industrial Revolution,” he underlined.
“All applications were identified to serve space and non-space industries’ interests and needs. We followed an international approach in filtering those applicants, based on practical and clear criteria that considered innovation and feasibility,” added Naser Al Rashedi, director of National Space Policy and Regulation at the UAE Space Agency and GSIA program director.
Dr. Saleh Al Hashemi, Managing Director of Krypto Labs, pointed out: “We endeavor towards supporting scientific research and local talents whose space exploration innovations will pave the way for positioning the UAE as a leader in space sciences, and an exporter of space solutions.”
Like Our Facebook Page For Latest News
Coronavirus UAE Update – Live Covid 19 Statu
The post Winners of UAE NewSpace Innovation Programme announced appeared first on The Wealth Land.
GIPHY App Key not set. Please check settings