Abu Dhabi’s Hub71 partners with ADIO to grant AED10m to startups

SourceEmirates Business
SectorEconomy
CountryUAE

Hub71, Abu Dhabi’s global tech ecosystem, and the Abu Dhabi Investment Office (ADIO) have partnered to support early-stage tech startups in growing their teams and scaling their businesses with the purpose to generate societal impact. The partnership complements Hub71’s new programme, ‘The Outliers’, enabling startups from around the world to collaborate with leading corporations and government agencies in Abu Dhabi to solve their operational challenges. Startups worldwide have until Thursday, July 1 to apply for the programme.

Hub71’s partnership with ADIO, under its Innovation Programme, reinforces the emirate’s commitment to sustaining a robust, competitive environment for startups to gain access to capital, commercial activities and incentives from both the public and private sectors. Hub71 and ADIO hosted a Demo Day for existing Hub71 startups to pitch for cash grants, provided by ADIO, aimed at accelerating their growth. Following a rigorous screening process run by an investment committee comprising members from Hub71 and ADIO, 10 startups were selected to receive grants...read more...