#Hub71
More than 50 per cent of the startups in Cohort 16 are seed and series A ventures, operating across nine industries, including fintech, climate tech, health tech, edtech, and mobility and logistics
Through the Angel Investor Support Package, Hub71 is positioning Abu Dhabi as a global leader in technology and innovation
By leveraging Google’s network and resources, Hub71 is set to provide a robust foundation for its startups to scale, innovate, and contribute to the UAE’s economy
Cohort 15 startups will benefit from up to Dhs250,000 worth of in-kind incentives and Dhs250,000 in cash for equity through a SAFE note
The GSER report highlighted Abu Dhabi’s strengths in the fintech, agtech and new food, and climate tech sectors, citing the density of talent, support resources, and startup activity
Eighty-one per cent of the startups in the latest cohort are headquartered outside the UAE
The fintech platform is currently in discussions with multiple UAE banks about rolling out its solutions
Startups can receive Dhs250,000 worth of in-kind incentives and an initial Dhs250,000 cash incentive for equity, with certain startups eligible to receive a top-up of up to Dhs250,000
A Hub71 startup since 2020, Remotepass has successfully scaled its business to become a key partner of the ecosystem
The MoU will see the creation of a working group to discuss new ways of delivering supply chain financing to small and medium enterprises in the UAE
The partnership to streamline bank account processes for startup founders
The project is based on several pillars including developing tourism projects and promoting the region and its history
The startups, part of Hub71’s first cohort of the year, originate from the UAE, US, New Zealand, Egypt, the Netherlands and the UK
Startups within Hub71+ Digital Assets will be able to leverage the technical knowledge and expertise of Wemix
Both entities will work to address the challenges faced by the agtech sector by connecting businesses with startups offering technology-based solutions
Hub71 and its focus on driving impact for startups and Abu Dhabi has led to the facilitation of 41 POCs for corporate partners valued at Dhs160m by the end of 2022
Financial aid for all supported businesses will increase by up to 30 per cent to help inventors during the critical invention phase
The tech ecosystem’s startups will also gain access to Club Investible, a global network of more than 130 high-net-worth investors who provide capital and expertise
The new ecosystem will benefit from the regulated environment of Abu Dhabi Global Market
The entities will identify opportunities to collaborate in areas including mobility, food, health, and climate action
Nine startups had raised over $150m collectively at the time of joining Hub71 in 2022
Hub71 startup, Mental VR, secures first contract resulting from new partnership to support Yahsat with remote learning
The ‘Tech Barza’ platform will encourage more family office participation to tap investment opportunities among high-growth tech companies in Abu Dhabi
Qualifying startups from Abu Dhabi and Africa to gain guidance, resources and support to setup, scale and raise funding in new markets
Starting October 15, users can bid on a Lovely Human NFT for a chance to be a part of a community of leaders and game changers
Ahmad Ali Alwan has been a founding member of Hub71 since 2019
As part of the agreement, Siemens Energy will provide select startups with strategic mentorship by participating in knowledge-sharing platforms
The second cohort includes 16 startups that have collectively raised more than $67m in funding
VC-backed Clara is digitising and automating startup legals, empowering founders to take control of their legal function and significantly reduce legal fees
Startups will aim to solve the challenges of organisations such as DCT – Abu Dhabi, Department of Health – Abu Dhabi, Thales, Aldar and Cars24