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DisruptAD signs strategic partnership with Cadre

DisruptAD signs strategic partnership with Cadre
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Abu Dhabi's Ghadan Ventures Fund invests in medical devices start-up SonoStik

The investment will be used to increase the commercial production and launch the product in the UAE as well as other markets, he added.
The Ghadan Ventures Fund is part of DisruptAD’s broader mission to support 1,000 start-ups over the next five years and create a thriving local community of founders, fund managers, incubators and accelerators in Abu Dhabi.
“We are providing a solution to a real, unmet medical need,”Dr Hawaa Almansoori, founder and chairperson of the start-up, said.
“Making it easier to locate veins for infusions and blood tests will not only make the entire process more comfortable for patients, but will save money and staff time in hospitals and other healthcare facilities,” said Ms Almansoori, who is also a member of the Federal National Council of the UAE. ....

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Hub71 tech community almost trebled in past 12 months despite Covid-19

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The number of companies present within Abu Dhabi s Hub71 grew 191 per cent in the past 12 months despite the economic uncertainty caused by Covid-19.
The number of start-ups surged to 102 in January this year, up from just 35 a year earlier, Hanan Harhara Al Yafei, the chief executive of Hub71, said on Wednesday.
There are currently companies from 20 different countries in Abu Dhabi s tech ecosystem. The majority (44 per cent) are from the UAE, but companies from the US and the UK make up 11 per cent each, Ms Al Yafei said.
“We started 2020 with a target to reach 100 start-ups … despite all of the challenges, we were able to reach 102 and this shows our perseverance, resilience and clear vision,” she added. ....

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