Abu Dhabi’s thriving tech ecosystem, Hub71, has announced the induction of 25 new startups into its 14th cohort, marking a significant milestone in the region’s journey towards tech innovation and entrepreneurship. These startups, carefully selected from a pool of over 1200 applications, will join Hub71’s esteemed ‘Access’ program, along with the specialized ecosystems Hub71+ Digital Assets and Hub71+ ClimateTech, reinforcing Abu Dhabi’s position as a global tech hub.
With a collective funding of over USD 122 million, these startups bring a wealth of innovation and potential to the table, with an average fundraising of USD 5 million per startup. Notably, more than 65% of the applications received were from international markets, underscoring Abu Dhabi’s growing global appeal as a tech destination.
Operating across nine diverse sectors, including FinTech, ClimateTech, and HealthTech, these startups are poised to play a pivotal role in shaping the future of Abu Dhabi’s economy. Five startups will join Hub71+ ClimateTech, focusing on technologies for decarbonization and achieving a net-zero future. Among them, Canadian-based Basetwo and Swedish startup Graphmatech are leading the charge with their innovative solutions.
Similarly, Hub71+ Digital Assets, aimed at driving the growth of Web3 and digital assets, saw nine new startups join its ranks, including European crypto brokerage Bit2Me and payment solution provider Immersve.
Ahmad Ali Alwan, CEO of Hub71, expressed, “As Abu Dhabi continues to empower innovative tech companies, Hub71’s revamped programs and specialist ecosystems provide startups with the resources they need to succeed in a market embracing transformation and visionary founders. Cohort 14 is particularly noteworthy. The cohort’s startups’ track record of successful fundraising emphasizes the strong growth potential Hub71 programs aim to unlock. Furthermore, this cohort also includes the first startups joining the Hub71+ ClimateTech specialist ecosystem, which aims to develop solutions aimed at addressing global climate challenges and supporting the UAE’s sustainability ambitions.”
Through Hub71’s programs and specialist ecosystems, these startups will receive invaluable support, mentorship, and access to funding, empowering them to thrive in a market ripe for transformation and innovation.
