Abu Dhabi’s Hub 71 welcomes 16 tech start-ups – ITP.net

Abu Dhabi’s Hub 71 welcomes 16 tech start-ups – ITP.net

Hub71, Abu Dhabi’s global tech ecosystem, has accepted 16 start-ups to join its growing community as part of accelerating the Emirate’s position as a leading innovation hub, UAE state news agency WAM reported.

By launching operations in Abu Dhabi, the new start-up cohort, which has already raised more than AED231 million in funding, will have the opportunity to develop advanced technologies and gain access to the market, investment, and talent Hub71 provides.

Capitalising on current market trends, the accepted cohort includes early-stage start-ups with diverse representation from leading international tech hubs including the UK, USA and South Korea. Among the cohort is Pakistan’s first digital bank, TAG; UAE-based Trade Capital Partners, a platform that boosts access to working capital for start-ups and small to medium-sized enterprises in emerging markets; and Zywa, the first neobank for teenagers in the Middle East and North Africa region. Also accepted in the cohort is UAE-founded Letswork, an app that allows members to book workspaces and work remotely from hotels, cafes, co-working spaces and other unique venues, as well as Ostaz which offers a private tutoring platform for students to accelerate academic progress.