Hub71 launches climate tech-focused programme for startups worldwide

Hub71 launches climate tech-focused programme for startups worldwide

Hub71, an Abu Dhabi-based global tech ecosystem, has announced the launch of Hub71+ ClimateTech to support startups worldwide working on solutions to tackle decarbonisation and achieve net zero.

The announcement was made during the 28th UN Climate Change Conference of the Parties (COP28).

Participant startups will enroll in a 12-month-long programme, and will receive Dh250,000 worth of in-kind incentives and an initial Dh250,000 cash incentive in exchange for equity from Hub71.

The programme also allows startups to run pilots with corporate partners, including Abu Dhabi National Oil Company (ADNOC), Tabreed, Taqa and Siemens Energy, which are also committing additional funding for a certain number of projects.

Press release 

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