Abu Dhabi’s Hub71, tech ecosystem has selected 16 new start-ups to join its newest cohort. These tech start-ups who will be part of the incentive program and ecosystem of active investors, corporate, government and academia partners.
The 16 tech start-ups come from nine countries including the UAE, USA, Italy, UK, Luxembourg, and range from Fintech start-ups to healthtech, cleantech, edtech, foodtech, and logistics.
One of the projects is Green Future Project, a platform for individuals and businesses to support leading climate projects globally and to track and trace environmental impact. Another one is Amwal, a platform that enables people to pay, send or remit money based on their phone number, and Abhi, a FinTech platform that allows salaried employees to draw upon their wage when needed.
Hub71 has more than 170 tech start-ups in its roster with the cohort pre-seed, seed and Series A rounds raising more than $67 million collectively.
Badr Al-Olama, Acting CEO of Hub71, said, “Our value-driven programmes are continuing to attract high-tech start-ups to Abu Dhabi that are driving transformation within key sectors of the economy. As a partner to over 170 start-ups in our community, we always strive to connect founders to our global network of blue-chip corporations, government bodies and investors. With our ability to unlock real growth opportunities for founders, we expect this new cohort to gain tremendous traction over the next few months within the vibrant tech ecosystem that Abu Dhabi has to offer.”
In the first half of 2022, Hub71 Startups raised US$436 million from renowned investors globally and generated almost US$700 million in revenues since the global tech ecosystem launched.Hub71 also created more than 1,000 jobs.
