The new cohort of startups, which include fintech, healthtech, edtech firms, have already collectively raised more than $62.8 million in funding
Abu Dhabi’s global tech ecosystem Hub71 has accepted 16 startups to join its growing community in line with the emirate’s vision to become a leading innovation hub.
The new startup cohort has already collectively raised more than $62.8 million (AED 231 million) in funding, and will now have the opportunity to develop advanced technologies and gain access to the market, investment, and talent that Hub71 provides.
The acting CEO of Hub71, Badr Al-Olama, said: “Our first cohort of the year reflects our ambition of matching our pace with that of global tech startups that have the highest growth potential.
“What makes Hub71 so different is our founder-centric approach that puts emphasis on building leaders and teams to sustain exponential growth for startups. We believe in nurturing talent, and the entrepreneurs from this cohort seem eager and ready to unleash their potential.”
Hub71 is Abu Dhabi’s largest community of startups, building a vibrant ecosystem of investors, corporations, government, and academia partners to provide tech startups with the essential elements to grow and succeed in the UAE and abroad.