Abu Dhabi launches ‘Hub71+ ClimateTech’ to advance startups dedicated to decarbonization

Abu Dhabi launches ‘Hub71+ ClimateTech’ to advance startups dedicated to decarbonization

More than 25 policymakers, corporate and capital partners commit to promoting startup growth that supports the realization of the UAE’s Net Zero by 2050 ambitions Abu Dhabi, UAE – Hub71, Abu Dhabi’s global tech ecosystem, today announces the launch of Hub71+ ClimateTech, a specialist ecosystem to support startups worldwide that are advancing the development and deployment of sustainable decarbonization technologies for a net zero future. Announced during the 28th UN Climate Change Conference of the Parties (COP28), Hub71+ ClimateTech has launched with several founding and anchor partners committed to carbon reduction technologies and fostering innovative regulatory frameworks. The new dedicated ecosystem will be based at Hub71 in the UAE’s capital under the jurisdiction of Abu Dhabi Global Market (ADGM), supporting the realization of the UAE’s Net Zero by 2050 ambitions. Climate technologies (ClimateTech) help reduce greenhouse gas emissions and address the impact of global warming. As part of Hub71+ ClimateTech, startups worldwide operating in the climate space, from pre-seed to Series A, can join the specialist ecosystem to accelerate their growth and scale globally from Abu Dhabi. Startups joining the program will receive AED 250,000 worth of in-kind incentives and an initial AED 250,000 cash incentive in exchange for equity from