Masdar City names Hub71 official start-up ecosystem partner

  • Date: 25-Jan-2023
  • Source: Zawya
  • Sector:Oil & Gas
  • Country:UAE
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Masdar City names Hub71 official start-up ecosystem partner

Abu Dhabi: Masdar City, Abu Dhabi’s flagship sustainable urban community and innovation hub, has strengthened ties with Hub71, Abu Dhabi’s global tech ecosystem, to promote opportunities for clean tech and climate tech start-ups focused on sustainability.

Further to a memorandum of understanding (MOU) signed at Abu Dhabi Sustainability Week, the two entities will identify opportunities to collaborate in areas including mobility, food, health, and climate action.

They will also promote knowledge sharing by providing Hub71’s existing start-ups access to Masdar City’s corporate tenants and partners and explore incentives to help these companies establish permanent roots in the UAE. The agreement also names Hub71 Masdar City’s official start-up ecosystem partner.

“H.H. Sheikh Mohamed bin Zayed Al Nahyan, the president of the UAE, has just announced that 2023 will be the year of sustainability. Partnerships like this one will be a vital component of bringing this vision to life and demonstrate our shared commitment to advancing the UAE economy through ambitious, tech-focused enterprises,” said Ahmed Baghoum, the acting CEO of Masdar City. “As one of the world’s most sustainable cities and a hub for innovation, research, and development, we share Hub71’s vision for providing start-ups with an ideal environment to scale technologies that will have