$1 Million Cash Prize In Opportunity to Participate in The Drone X Challenge Prize 2020

Krypto Labs is announcing a Drone X Challenge (DXC) Prize. The prize aims to accelerate the practical deployment of drones in key applications focusing on transportation and delivery. DXC will support innovative solutions that tackle two major challenges: payload capacity, and flight endurance. Krypto Labs is an incubator for global business technology with a unique ecosystem for funding ground-breaking startups.

Prize Amount:

The total amount of 1.5 million dollars is distributed as follows:

• US $ 1 million for the final prize.
• US $ 500,000 for research and development grants.

Who Can Participate?

DXC is open to entrepreneurs, start-ups, R&Ds, university students and companies.

Competition Categories:

• Fixed Wing Drones
• Multi-Rotors Drones

Judging Criteria: 

Points will be awarded based on the technical and commercial capabilities of the drones meeting or exceeding the Drone X Challenge requirements. Bonus points will be accredited to innovative commercial applications demonstrating: 

• Advanced Control Systems
• State-of-the-Art Avionics
• Swift Maneuverability
• Scalability
• Fault Tolerance
• Autonomous Navigation

Competition Phases:

The competition consists of three phases and a final event. Each team will have to design, develop and demonstrate their drone systems according to the specifications of the chosen category.

• Phase I – Drone Design Proposal: this phase requires to provide a technical proposal.
• Phase II – Develop an MVP: this phase requires to provide a technical document demonstrating an MVP and a video demonstrating a functional drone based on the proposed design.
• Phase III – Demonstrate: this phase requires to provide a technical document detailing an MVP that achieves a minimum criterion as per subcategory and a video demonstrating the MVP capabilities.

AboutKrypto Labs:

Cryptolab is headquartered in the sustainable eco-development Masdar City in Abu Dhabi, United Arab Emirates.  It is an innovation hub designed to support new ideas and startups in different ways, such as offering customized mentoring programs, co-working space, and funding. Kryptolab is associated with ADFG, a leading investment company, in addition to its partnership with 500 Silicon Valley-based startups.

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