Abu Dhabi's Tech Hub Hub71: A New Era of Startup Investment
Thursday, 12 September 2024, 00:45
Startup Investment Boosts Abu Dhabi's Tech Scene
Abu Dhabi's tech hub Hub71 continues to bolster the startup ecosystem with its recent $130 million investment aimed at empowering innovative companies. This funding series is pivotal for new ventures, offering both financial and in-kind incentives.
What is Hub71?
- Hub71 is an initiative promoting technology and startup growth in Abu Dhabi.
- The hub is backed by strategic alliances with government entities and industry leaders.
With up to Dhs250,000 allocated for each startup through a SAFE note, the program encourages entrepreneurship and scalability within the region.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.