Hub71 One Year On
Hub71, Abu Dhabi’s international technology hub, has already welcomed 39 incubated start-ups. With start-ups being valuable for their untapped knowledge and pioneering ideas, Hub71 ensures their success by supporting them through key start-up enablers, such as Mubadala, SoftBank Vision Fund, Microsoft and Abu Dhabi Global Market. Such forward-thinking initiatives have positioned Abu Dhabi as a preferred destination for foreign companies seeking to invest in groundbreaking smart technologies.
In March 2020, Hub71 marked its first anniversary. Over the previous 12 months, the international technology ecosystem supported the transition of Abu Dhabi into a knowledge-driven economy and strengthened the UAE capital’s position as a global hub for innovation. Startups and venture capitals (VCs) in Abu Dhabi now have access to more than $500 million in new capital. The start-up community comprises of a broad spectrum of sectors, such as FinTech, artificial intelligence, aerospace and mobility. These start-ups join Hub71 from across the globe - the United States, the United Kingdom, Jordan, Palestine, Egypt, Tunisia and Morocco.
Hub71 is located at its WeWork x Hub71 space, a three-storey open workspace centrally located in Abu Dhabi Global Market Square.
To find out more about Hub71's journey since launch download the infographic here →
Launched in March 2019 – Hub71, named after the UAE’s formation in 1971, is a tech ecosystem located in the heart of Abu Dhabi that brings together several key elements for startup success: access to capital, access to market opportunities, and a favourable business environment. Backed by Mubadala Investment Company – its growing international tech community of tech giants, venture capitalists, tech ecosystem players, and global startups can expect to benefit from an interconnected global network. Alongside strategic partners Microsoft, SoftBank Vision Fund, and Abu Dhabi Global Market; Hub71 is creating the optimal environment for transformative tech companies looking to maximize success, produce outstanding tech innovations, and scale globally. For the greater social and economic good of Abu Dhabi, Hub71 is a flagship initiative of Ghadan 21.