Dubai-based Mosaikx, a consumer technology company that develops and establishes application-specific software and wearable hardware, has edged out 5 other innovative local start-up companies to win The Hive - a start-up showdown held at Future Technology Week.

Mosaikx's novelty product, Hipo, the world's first modular and wearable smart recorder claimed the AED50,000 leading reward as judges admired the pioneering wearable's capacity to digitally transcribe the user's speech through an user-friendly mobile app.

Created with an Artificial Intelligence algorithm, Hipo permits users to store and organise their verbal musings in a fun and easy way. The flexible item has actually likewise accepted style, with users able to personalize Hipo into a locket, wristband or clip based on their outfit.

"As the only regional occasion that gathers all the region's IoT and hardware companies, Future Technology Week has actually been a great experience for us since we see ourselves as an IoT company. IoT is the future of humanity and the way gadgets and objects are going to communicate will alter the way humans live and how our societies run," stated Sina Torabi, CEO and Co-founder of Mosaikx.

"We're one of the few IoT business based in Dubai that is building a wise item from scratch. Our innovation doesn't exist throughout the world and The Hive has actually come with a platform for us to share our innovation with a community that comprehends precisely what our item is all about.".

Arranged by Dubai World Trade Centre (DWC), The Hive combined the region's leading young entrepreneurs to pitch special start-up ideas that can resolve today's greatest innovation difficulties.

Scored on 6 criteria consisting of useful usage of product or solution, innovative use of technology, ease of execution, sustainable business model, user adoption to date and distinction to other products in the market, The Hive's panel of judges included Ibrahim Tadros, Head, Business Development and Strategy, Wamda; Muhammed Mekki, Founding Partner, AstroLabs; Jonny Voon, IoT Lead, Innovate UK, and Shaun Moore, CEO and Founder, Chui-- the world's most intelligent doorbell.

"Mosaikx was worthy of to win because they provided a very distinct, novel solution and business principle for a daily obstacle dealt with by a lot of us. The group used creative technologies, Artificial Intelligence and a smart software application solution to develop a budget friendly item which can be easily available to users," stated Voon.

Judge Moore included: "We were taking a look at development and the most disruptive technology progressing and Mosaikx was the clear winner. Wearables are on trend and the group's outside the box innovation has created a brand-new innovation that has an useful use for nearly everyone.".

Other finalists consisted of an e-Gov Android Emirates ID card reader solution; EdTech Solutions' TeachMeNow, an international market for one-to-one learning in real time; Modym's Customer Analytics and Marketing Automation Tool; Entapza Technologies' IT web tools; and ETECHAN's First Augmented Reality Developer solution, developed by an Emirati.

The Hive was supported by Dubai SME, the agency of the Department of Economic in Development (DED) in Dubai mandated to develop the SME sector, Wamda and Astrolabs.

Future Technology Week is the new umbrella brand name gathering 4 of the region's leading technology events: Gulf Information Security Expo & Conference (GISEC), the Internet of Things Expo (IoTX), The Big Data Show and Gulf Enterprise Mobility Exhibition & Conference (GEMEC).