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- 67% of selected startups are headquartered outside the UAE, demonstrating Abu Dhabi’s growing global appeal as a renowned startup innovation hub
Abu Dhabi, United Arab Emirates: Hub71, Abu Dhabi’s global technology ecosystem, welcomes its first batch of new startups this year, which includes 15 new companies in business areas aligned with Abu Dhabi’s strategic ambitions, including healthtech, fintech and edtech . The latest additions expand Hub71’s vibrant community to more than 240 startups.
In the latest batch of startups, 67% of selected startups are headquartered outside the UAE, further cementing Abu Dhabi’s global position as a strong innovation hub where tech entrepreneurs have access to capital and a growing community and a business-friendly environment. The 15 startups come from the United Arab Emirates, the United States, New Zealand, Egypt, the Netherlands and the United Kingdom.
Among the startups joining Hub71 are two health technology startups making a major impact in the healthcare space: Exsurgo and Ovasave. Exsurgo has raised $10.5 million (Dh38.6 million) and uses neuroscience and data analytics to provide non-drug treatments for neurological diseases. At the same time, Ovasave leverages innovative solutions to provide women with seamless fertility and egg freezing services through a vetted network. The group also includes fintech startups such as Subsbase, which is backed by prominent investors such as Global Ventures and Plug and Play, which is simplifying recurring payments for businesses, while Inovat offers a digital VAT refund solution that empowers travelers Able to save over 20% on your purchases without paying a penny. Paperwork or waiting in line at the airport.
Hub71 has received a significant 70% increase in applications to join the startup community compared to its previous counterpart, with a significant increase in the number of high-quality early-stage startups choosing Abu Dhabi as a base for long-term expansion. As Hub71 supports the growth and development of technology startups at all stages, founders benefit from generous incentives, programs and access to investors, corporates, government entities and academic institutions as part of its Abu Dhabi ecosystem.
Ahmad Ali Alwan, Deputy CEO of Hub71 said: “Each startup goes through a rigorous screening process and is selected based on its unique capabilities and potential to grow into a global technology company in Abu Dhabi. Our first cohort of 2023 startups consists of companies in construction Composed of companies that demonstrate competitive advantage. “Differentiated technology platforms and products. By attracting and scaling new startups that deliver solutions that change people’s lives, we aim to have an impact on Abu Dhabi’s economy and society , and continues to solidify its position as a leading global innovation hub.”
notes
- Password leaked is a cost-effective risk monitoring solution that enables companies to understand their leaked data and provides attack surface management, vulnerability scanning and risk scoring solutions.
- elmoka It is a building materials market. The automated process allows contractors and engineers to obtain competitive and accurate material quotes from vetted suppliers in minutes.
- I get up Leveraging neuroscience and data analytics to develop treatments for neurological diseases without the use of drugs.
- fuse is a full-end digital asset infrastructure platform that enables MENA enterprises to integrate embedded experiences for their customers in a regulatory and compliant manner.
- Innovation is a digital VAT refund solution that allows travelers to save over 20% in refunds when shopping without having to complete any paperwork or queue at the airport.
- Liv Wright The latest technology devices are being democratized through subscriptions, which provide solutions that are more affordable, flexible and convenient than other options.
- Mashvisor is a platform that combines all the services needed for real estate investing, reducing three months of research time to just 15 minutes.
- medical work is a platform that enables highly skilled healthcare professionals to connect with an exclusive network of top practices recruiting in their region.
- do not do that It is a technology platform that leverages innovative solutions to provide women with seamless, integrated, digital fertility and egg freezing services through a vetted network.
- rabbit supermarket is a grocery services company with hyper-local fulfillment centers powered by technology. It gives users peace of mind, knowing that the items they order will never be out of stock and are guaranteed to be delivered within 20 minutes.
- sub-library is a subscription management platform that enables businesses to seamlessly and efficiently manage the customer lifecycle through recurring payments.
- synaptic analysis is a data science, machine learning, and artificial intelligence company that provides services and products to help organizations better use and profit from data.
- edit is a compact gene-editing system that harnesses endogenous proteins to treat life-threatening genetic diseases.
- Kureos is a platform that provides guidance, portfolio building and job matching made simple for graduates transitioning into the workplace.
- passion equity It is a platform for all venture capital investors, democratizing risk trading in emerging markets.
About Hub71:
Hub71 is Abu Dhabi’s global technology ecosystem, empowering founders in any field by providing global market access, a capital ecosystem, a global partner network, and a vibrant community of highly skilled talent managed by forward-thinking Building globally enduring local technology companies. Thought regulation.
With support from the Government of Abu Dhabi and Mubadala Investment Company, Hub71 is growing its vibrant community of technology startups, investors, government and corporate partners to secure public and private sector investment, business activity and Availability of incentives. Through Hub71’s startup infrastructure, value-added programs, support services and enablement packages, founders can build and scale widely adopted technologies with purpose and impact. Hub71’s mission is to introduce new ideas and technologies to Abu Dhabi, finding new ways to build lasting global technology companies and sustain the country’s continued economic development.
For more information, visit www.hub71.com and follow us @Hub71AD #Hub71.
Media contact:
Zoe Saunders, TechHubEdelman@Edelman.com
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