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Abu Dhabi 26-09-2019
Hub71, the global technology platform, has announced the acceptance of a new group of startups as part of its incentive program after the companies decided to grow their business from Abu Dhabi and start operations through the Hub71 platform.
The group, which includes seven startups including UK-based dopay, benefits from the platform’s generous support packages, including housing, office space and health insurance for founders and employees.
The new startups are in the high-growth technology sector and will join the Abu Dhabi Global Market Hub71 platform in the coming weeks, bringing the total number of new startups eligible to benefit from the Hub71 incentive program to 18.
Applications for incentives will be opened later this month as it targets emerging and promising technology companies led by specialized founders with distinct and scalable technology ideas and solutions.
“We are on track to achieve our goal of attracting 20 to 30 high-quality startups to Hub71 by the end of this year, and our first 18 startups demonstrate that we are building a community of diverse technology companies,” said Mahmoud Adi, Hub71 CEO. In their sizes, stages of growth and the sectors in which they operate. ”
“As part of its growth strategy, the new startups joining Hub71 will create new jobs in the technology sector across the emirate. As the MENA region prepares to embrace and deploy new and innovative technologies, Abu Dhabi-led endeavors By providing access to capital and market opportunities to stimulate innovation at the local level. ”
“Over the past few months, Abu Dhabi has expanded support to include more startups targeting organizations and individuals from around the world. We are proud of our role in welcoming these startups to Hub71 and helping them grow and thrive,” he said. Hub71 seeks to attract high-growth technology companies capable of “innovative approaches” or “innovative technology development” and has secured at least $ 100,000 in financing for each company during its first years of operation.
