To date, out of a total 189 Applications, 14 projects were selected for bootcamp programs and joined KIC’s Incubation Program, and 3 startups are undertaking the Acceleration Program.
Dr. Sami Bashir, Director, Technology Management & Innovation, Technology Management and Innovation shares an overview of KIC’s initiatives that support entrepreneurs across their journey.
The Khalifa Innovation Center (KIC) is a deep-tech incubator, running tailored incubation and scale-up educational and mentorship programs and activities to provide participants with the necessary innovation and entrepreneurial skills to accelerate transformation of locally-created science and engineering discoveries from laboratory to market.
KIC notably provides Entrepreneurship & Mentorship Training Programs (Bootcamp, Incubation & Acceleration); supporting with Business Model Validation; reviewing Intellectual Property; allocating Office Space; developing Prototypes & Proof of Concept; and organizing Investment & Pitching Events.
To date, out of a total 189 Applications, 14 projects were selected for the bootcamp programs and joined KIC’s Incubation Program, and 3 startups are undertaking the Acceleration Program.
The Bootcamp is a KIC proprietary program designed with the understanding of how science- and engineering-driven ideas can be transformed into successful startups and products in Abu Dhabi and UAE innovation ecosystem. When leaving the Bootcamp, participants would be able to explore different commercialization paths and options, such as market needs, prototype performance specifications, product competitiveness; to validate, as entrepreneurs, how best to take forward their ideas through startup
Anyone can participate as long as their idea is based on a scientific or engineering concept (deep-tech) and residing in the UAE.
The Incubation Program ideally suits those who passed and were selected through the KIC Bootcamp. Nonetheless, it is targeted for those ideas and projects or startups that have shown validated business model and clear go-to-market milestones and financial projections. The program is designed on the basis of mentorship and it also includes educational sessions to support entrepreneurs with skills in pitching, market assessment, product testing, negotiation skills, legal support, office space allocation and prototype development as well as customer engagement. Also, in partnership with DED, the KIC is capable through this program, and based on certain diligence criteria, of issuing an Innovation Permit. This Permit gives the startup the ability to go into direct engagement with customers and investors or partners.
The participants for this program must have at least progressed through the Incubation Program. The participants are initially expected to pitch to the KIC Investment Committee. If approved, a startup would receive initial funds based on agreed milestones. It would also benefit from the support that can be provided by KIC in terms of office space allocation, access to partners, laboratories and other resources such as intellectual property and other legal support.
Through tailored programs and activities, we at the Khalifa Innovation Center equip scientists and engineers with the necessary skills, tools and resources; support in the commercialization of research discoveries and ideas; and transform those into viable and impactful businesses.