Hub71 adds 15 startups to join Abu Dhabi’s tech ecosystem

  • Date: 23-Jun-2023
  • Source: The Gulf Time
  • Sector:Technology
  • Country:UAE
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Hub71 adds 15 startups to join Abu Dhabi’s tech ecosystem

















Local News, Uncategorized















ABU DHABI / WAM

Hub71, Abu Dhabi’s global tech ecosystem, has welcomed its first cohort of the year comprised of 15 startups operating in priority sectors aligned with Abu Dhabi’s strategic ambitions, including HealthTech, FinTech, and EdTech.

The addition of the latest cohort has increased the size of Hub71’s vibrant community to over 240 startups.

In the latest cohort, 67 percent of the selected startups are headquartered outside the UAE, reinforcing the increasing global status of Abu Dhabi as a robust innovation hub where tech entrepreneurs can access capital, a growing community, and a business-friendly environment. The 15 startups originate from the UAE, USA, New Zealand, Egypt, the Netherlands, and the UK.

Among the startups joining Hub71 are two HealthTech startups making a significant impact in healthcare, Exsurgo, and Ovasave. Exsurgo raised $10.5 million (AED 38.6 million) and delivers non-pharmaceutical treatments for neurological conditions using neuroscience and data analytics. Meanwhile, Ovasave leverages innovative solutions to provide women with seamless access to fertility and egg-freezing services through a vetted network.

The cohort also includes FinTech startups such as Subsbase, backed by notable investors including Global Ventures and Plug and