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Hub71 selects 16 new startups and supports community with funding 7 hours ago Hub71 attracted more than 100 startups in under two years. 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 a 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 and recent selection of the UAE’s first female astronaut. Hub71 selected startups have collectively raised more than Dhs274 million ($75 million) in funding from globally renowned institutions including Goldman Sachs and Saudi Aramco Entrepreneurship, and world leading investors Y Combinator, Draper Associates, 500 Startups, Plug and P ....
SHARE 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. ....