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Hub71 selects 16 new startups from India, Saudi Arabia, Turkey, Mauritius and South Africa developing world-first technologies


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Hub71 selects 16 new startups from India, Saudi Arabia, Turkey, Mauritius and South Africa developing world-first technologies
Each quarter, Hub71’s Selection Committee selects startups to join Abu Dhabi’s global tech ecosystem and answer to Abu Dhabi’s priority sectors – FinTech, Software, E-Commerce and AI
Hub71, Abu Dhabi’s global tech ecosystem, has selected 16 tech startups from 11 countries and seven sectors out of 150 applicants to join its community. The number of successful applications reflect an 11 per cent success rate that led to Hub71 selecting its first startups from India, Saudi Arabia, Turkey, Mauritius and South Africa, in addition to its first SpaceTech startup, following the pioneering Emirates Mars Mission. ....

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Hub71 selects 16 new startups, supports community with funding


Hub71 selects 16 new startups, supports community with funding
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Filed on May 19, 2021
More than 15 local, regional, and international VC funds are based at Hub71 with assets under management worth more than $1.72 billion.
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Hub71 selected startups have collectively raised more than Dh274 million.
Hub71, Abu Dhabi’s global tech ecosystem, announced its first cohort of 2021, selecting 16 tech startups from 11 countries and seven sectors out of 150 applicants to join its vibrant community.
The number of successful applications reflect an 11 percent success rate that led to Hub71 selecting its first startups from India, Saudi Arabia, Turkey, Mauritius and South Africa, in addition to its first SpaceTech startup, following the pioneering Emirates Mars Mission and recent selection of the UAE’s first female astronaut. ....

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UAE, Saudi Arabia drive regional growth for startup sector


UAE, Saudi Arabia drive regional growth for startup sector
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Filed on April 3, 2021
The UAE has emerged as tech startup nation in Mena region, in terms of total capital investment by value and by no of deals.
Vijay Tirathrai, managing director of Techstars.
Alexis Lecanuet, regional managing director for Accenture in the Middle East.
Noor Sweid, founder and general partner of Global Ventures.
Taha Sajid, blockchain consultant.
Accelerators like Techstars are playing a pivotal role with tech hubs like Hub71 to facilitate innovation and investment in new startups.
The UAE and Saudi Arabia are seeing the startup sectors booming in the region as young entrepreneurs navigate for futuristic and innovative platforms. ....

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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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