The collaboration will see both companies accelerate the development of digital technologies to unlock greater value from oil and gas operations
The new cohort will have the opportunity to develop advanced technologies and gain access to the emirate’s innovation ecosystem
Hub71 businesses have a combined worth of Dhs5.87bn, and almost 1,000 jobs have been generated since its establishment in 2019
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Over the past years, Hub71 has offered entrepreneurs the access to market, resources and support to enable founders to thrive in a growing market says Jida Itani, COO, Hub71
It will allow these startups to accept payments online, payout funds, and manage their business growth
Collaboration provides Hub71 startups with access to AWS Activate, with AWS credits worth up to $100,000 and access to technical support
Recipients of the five-year visas can also sponsor their families and up to three executive directors
Participating startups hope to secure a total of $15m in funding
Hub71, is a flagship initiative of Ghadan 21, Abu Dhabi’s accelerator programme for business in the capital
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Hub71-based startups have raised Dhs185m since its launch in March 2019
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