The award, launched as per the direction of UAE Vice President and Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum, has two parts; an international prize offering USD 1 million and a local prize of USD 2,75,000.
All entries will be assessed by local and international committees, based on specific criteria such as safety, effectiveness, economic feasibility and efficiency.
The international prize will recognise the best ideas for using UAV's in the next 1 to 3 years, focusing on their broader application in any area that may benefit humanity.
Examples include delivering government services in remote areas to humanitarian applications such as providing relief during natural disasters.
Also Read
Both the awards are part of a larger campaign to encourage talent and innovation in the application of emerging technologies for improving people's lives.
UAE Minister of Cabinet Affairs Mohammed Abdullah Al Gergawi said the award is a demonstration of Sheikh Maktoum's vision to raise the government's role in supporting innovation in future-related technologies and services that impact positively on people's lives.
"The world has young innovators who need the support to translate their ideas into landmark projects of benefit to humanity. The award is therefore aimed at encouraging innovation among the global students and in universities," he said.