Dubai's $40 million deep tech lab edges closer to next-generation contact lenses


Nick Webster
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Deep inside the $40 million project to develop next-generation bionic contact lenses, scientists have developed a new material primed to transfer information from a mobile phone directly on to eyeballs.

How humans engage with media could be about to change. As more is understood about the damage of excessive screen time on phones and laptops, biometric solutions are under development to limit the time spent staring at an LED screen.

While a brain-computer interface built by Elon Musk’s Neuralink Corp takes the idea to the extreme – by surgically attaching a neural interface to deliver actions through thought – a simpler biometric device could soon enter the mainstream.

The race is on to build and approve the first working contact lens that could replace most functions of a mobile phone. At Dubai Internet City in the shadow of tech giants Google, Dell and Huawei, the three-year-old start-up Xpanceo is looking to steal a march on its global competitors.

The company is working on developing its own invisible, weightless contact lens. With several prototypes already developed, the company’s latest contact lens is edging closer to human clinical trials within 18 months, which they hope will lead to eventual medical approval.

Its developers promise enhanced ocular powers like night vision, telescopic sight, health monitoring and a real-time media interface, once linked remotely to a small portable device. The company’s founder and managing partner Roman Axelrod said artificial intelligence is allowing tech companies to accelerate product development.

“We are not just a gadget company, we are also a deep tech company,” he said. “And, in order to create a gadget, we don't have anything left but to create our own, new materials. Previously, the components of those materials were selected manually by humans.

"We’ve trained a special AI algorithm that helps our scientists speed up that process.”

Materials of the future

An algorithm tells scientists the exact mix of materials required and in what quantities to allow conductivity through a silicon-like substance. It speeds up the process dramatically, saving what would probably be years of hard work to keep Xpanceo ahead of the curve.

Xpanceo founders Valentyn Volkov and Roman Axelrod are working on developing bionic contact lenses. Chris Whiteoak / The National
Xpanceo founders Valentyn Volkov and Roman Axelrod are working on developing bionic contact lenses. Chris Whiteoak / The National

“I would define the current state of the market as the dark ages of XR gadgets,” said Mr Axelrod, referring to devices using augmented and virtual reality. “We all know the next generation of computing is something that appears around you, it is spatial, operated by your eyes, voice or by gestures – and probably later by your mind.”

Tiny, micro-LED displays are the future of vision gadgets that bring high-resolution images with low power consumption, dramatically improving what we can view on wearable devices. It is a global $160 billion industry that is at the crossroads of disruption due to the rapid rate of AI-boosted development.

A key challenge facing scientists is how to create a bright display inside a micro-LED, due to the high current required. The US firm Mojo Vision was one of the first to develop a working "smart contact lens", with Xpanceo close to launching its own model to be tested on humans.

Dr Valentyn Volkov, co-founder of Xpanceo and scientific partner, said the key to success for any future product is in the materials used. “We use a laser-based technology to produce unique, very small nanoparticles that are about a thousand times thinner than a human hair,” he said.

"Those small materials are developed to be introduced into a wearable device in the form of a contact lens. Once we have this new material, we try to create a real working prototype of this tiny device to integrate inside the contact lens.”

A prototype of the contact lens. Chris Whiteoak / The National
A prototype of the contact lens. Chris Whiteoak / The National

A small order

Multiple prototypes have already been developed at the Dubai laboratory, to integrate microscopic technology into wearable lenses that will retain their use for sight correction. The material used is flexible but transparent, and small enough to contain electronic components.

“Once we feed it with an electromagnetic field, you can see it start to deliver images on to a small display integrated in the lens,” said Dr Volkov. “When the wearer is looking through the lens, they are simultaneously getting access to extended reality visual information.”

Device costs are yet to be determined, but Xpanceo expects them to be comparable to that of a phone for an annual supply of replaceable smart lenses. According to market analysts at Precedence Research, the global contact lens market was worth around $16.28 billion in 2023, and forecast to grow significantly to $26.51bn by 2033.

There are only currently only two kinds of smart lenses approved by the FDA, which slow myopia progression in children and darken automatically in sunlight, to reduce glare. Another expert was not convinced the smart lenses would not have a harmful effect on eyesight.

Dr Shaza Aljbaei, an ophthalmologist at Zulekha Hospital, said an over-reliance on smart lenses, if they become available, could pose problems for eye health.

“These futuristic contact lenses with a built-in visual display, or anything that produces display anywhere in the eye's vision, is still some way from being ready for consumers,” she said. “We already know that any prolonged use of contact lenses beyond treatment purposes is not preferred as it could cause multiple issues related to the cornea.”

Eye health

Although technology and gadgets have vastly improved capacity for learning and entertainment, they are taking a physical toll on health. Increased screen time in young people has resulted in a global surge in cases of myopia, a form of eye strain that leads to macular degeneration.

According to a report published in the British Journal of Ophthalmology, projected global incidences of myopia are expected to exceed 740 million by 2050, with demand for optical enhancements also increasing. From eye conditions to sleep disruption and myofascial pain that can appear in muscle and shoulder tightness or tension headaches, reliance on visual technologies takes a toll on physical health.

Wearable devices in the form of glasses or contact lenses could help alleviate those issues, said one expert. “There's a lot of potential in this,” said Dr Borja Salvador, a consultant ophthalmologist at Barraquer Eye Hospital in the UAE.

Smart contact lens on display at Gitex. Pawan Singh / The National
Smart contact lens on display at Gitex. Pawan Singh / The National

“Smart lenses have been used in research to measure the intraocular pressure in the eye, or to try to measure the blood sugar levels. This sounds like science fiction, but we are developing technology that will probably allow us to have some kind of smart contact lenses that can give us a lot of information on other parts of our life.

“We need to limit the number of hours that we're spending on the computer, the screen, or the phone, because this will definitely induce an increase in myopia. Contact lenses are not in general recommended for young ages, unless there's a medical reason, and if so should always be under the guidance of an ophthalmologist or optometrist to avoid problems."

The biog

Name: Shamsa Hassan Safar

Nationality: Emirati

Education: Degree in emergency medical services at Higher Colleges of Technology

Favourite book: Between two hearts- Arabic novels

Favourite music: Mohammed Abdu and modern Arabic songs

Favourite way to spend time off: Family visits and spending time with friends

ADCC AFC Women’s Champions League Group A fixtures

October 3: v Wuhan Jiangda Women’s FC
October 6: v Hyundai Steel Red Angels Women’s FC
October 9: v Sabah FA

Veil (Object Lessons)
Rafia Zakaria
​​​​​​​Bloomsbury Academic

Draw:

Group A: Egypt, DR Congo, Uganda, Zimbabwe

Group B: Nigeria, Guinea, Madagascar, Burundi

Group C: Senegal, Algeria, Kenya, Tanzania

Group D: Morocco, Ivory Coast, South Africa, Namibia

Group E: Tunisia, Mali, Mauritania, Angola

Group F: Cameroon, Ghana, Benin, Guinea-Bissau

What is blockchain?

Blockchain is a form of distributed ledger technology, a digital system in which data is recorded across multiple places at the same time. Unlike traditional databases, DLTs have no central administrator or centralised data storage. They are transparent because the data is visible and, because they are automatically replicated and impossible to be tampered with, they are secure.

The main difference between blockchain and other forms of DLT is the way data is stored as ‘blocks’ – new transactions are added to the existing ‘chain’ of past transactions, hence the name ‘blockchain’. It is impossible to delete or modify information on the chain due to the replication of blocks across various locations.

Blockchain is mostly associated with cryptocurrency Bitcoin. Due to the inability to tamper with transactions, advocates say this makes the currency more secure and safer than traditional systems. It is maintained by a network of people referred to as ‘miners’, who receive rewards for solving complex mathematical equations that enable transactions to go through.

However, one of the major problems that has come to light has been the presence of illicit material buried in the Bitcoin blockchain, linking it to the dark web.

Other blockchain platforms can offer things like smart contracts, which are automatically implemented when specific conditions from all interested parties are reached, cutting the time involved and the risk of mistakes. Another use could be storing medical records, as patients can be confident their information cannot be changed. The technology can also be used in supply chains, voting and has the potential to used for storing property records.

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Score

New Zealand 266 for 9 in 50 overs
Pakistan 219 all out in 47.2 overs 

New Zealand win by 47 runs

New Zealand lead three-match ODI series 1-0

Next match: Zayed Cricket Stadium, Abu Dhabi, Friday

The biog

Marital status: Separated with two young daughters

Education: Master's degree from American Univeristy of Cairo

Favourite book: That Is How They Defeat Despair by Salwa Aladian

Favourite Motto: Their happiness is your happiness

Goal: For Nefsy to become his legacy long after he is gon

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Disability on screen

Empire — neuromuscular disease myasthenia gravis; bipolar disorder; post-traumatic stress disorder (PTSD)

Rosewood and Transparent — heart issues

24: Legacy — PTSD;

Superstore and NCIS: New Orleans — wheelchair-bound

Taken and This Is Us — cancer

Trial & Error — cognitive disorder prosopagnosia (facial blindness and dyslexia)

Grey’s Anatomy — prosthetic leg

Scorpion — obsessive compulsive disorder and anxiety

Switched at Birth — deafness

One Mississippi, Wentworth and Transparent — double mastectomy

Dragons — double amputee

All or Nothing

Amazon Prime

Four stars

The Buckingham Murders

Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu

Director: Hansal Mehta

Rating: 4 / 5

TEAMS

US Team
Dustin Johnson, Jordan Spieth
Justin Thomas, Daniel Berger
Brooks Koepka, Rickie Fowler
Kevin Kisner, Patrick Reed
Matt Kuchar, Kevin Chappell
Charley Hoffman*, Phil Mickelson*

International Team
Hideki Matsuyama, Jason Day 
Adam Scott, Louis Oosthuizen
Marc Leishman, Charl Schwartzel
Branden Grace, Si Woo Kim
Jhonattan Vegas, Adam Hadwin
Emiliano Grillo*, Anirban Lahiri*

denotes captain's picks

 

 

Our House, Louise Candlish,
Simon & Schuster

Infiniti QX80 specs

Engine: twin-turbocharged 3.5-liter V6

Power: 450hp

Torque: 700Nm

Price: From Dh450,000, Autograph model from Dh510,000

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Pushkin Press

10 tips for entry-level job seekers
  • Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
  • Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
  • Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
  • For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
  • Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
  • Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
  • Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
  • Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
  • Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
  • Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.

Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz

SPECS

Nissan 370z Nismo

Engine: 3.7-litre V6

Transmission: seven-speed automatic

Power: 363hp

Torque: 560Nm

Price: Dh184,500

ZIMBABWE V UAE, ODI SERIES

All matches at the Harare Sports Club:

1st ODI, Wednesday - Zimbabwe won by 7 wickets

2nd ODI, Friday, April 12

3rd ODI, Sunday, April 14

4th ODI, Tuesday, April 16

UAE squad: Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Shaiman Anwar, Mohammed Usman, CP Rizwan, Chirag Suri, Mohammed Boota, Ghulam Shabber, Sultan Ahmed, Imran Haider, Amir Hayat, Zahoor Khan, Qadeer Ahmed

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Seven tips from Emirates NBD

1. Never respond to e-mails, calls or messages asking for account, card or internet banking details

2. Never store a card PIN (personal identification number) in your mobile or in your wallet

3. Ensure online shopping websites are secure and verified before providing card details

4. Change passwords periodically as a precautionary measure

5. Never share authentication data such as passwords, card PINs and OTPs  (one-time passwords) with third parties

6. Track bank notifications regarding transaction discrepancies

7. Report lost or stolen debit and credit cards immediately

The specs

Engine: 4-litre twin-turbo V8

Transmission: nine-speed

Power: 542bhp

Torque: 700Nm

Price: Dh848,000

On sale: now

Lowest Test scores

26 - New Zealand v England at Auckland, March 1955

30 - South Africa v England at Port Elizabeth, Feb 1896

30 - South Africa v England at Birmingham, June 1924

35 - South Africa v England at Cape Town, April 1899

36 - South Africa v Australia at Melbourne, Feb. 1932

36 - Australia v England at Birmingham, May 1902

36 - India v Australia at Adelaide, Dec. 2020

38 - Ireland v England at Lord's, July 2019

42 - New Zealand v Australia in Wellington, March 1946

42 - Australia v England in Sydney, Feb. 1888

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MISSION: IMPOSSIBLE – FINAL RECKONING

Director: Christopher McQuarrie

Starring: Tom Cruise, Hayley Atwell, Simon Pegg

Rating: 4/5

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Updated: November 16, 2024, 5:56 AM