Abu Dhabi is the capital of United Arab Emirates and is one of the most technologically developing cities in the world besides Dubai in the same country. There has been a huge investment in money and time towards startups in the region to encourage innovation and new ideas. This is considered as the main success behind the city which is why the government is still forcing better results through better deals and investments.
This was released late by a new deal where the Abu Dhabi’s Hub71 was to partner with Techstars and Starburst. This partnership is considered to be a huge move and success to the startup field in the city as those two accelerator are the most leading ones in the region. Hub71 itself is a strong body that provides for startups better opportunities through mentorships, programs and exposure with partnerships including Microsoft, SoftBank Vision Fund and Abu Dhabi Global Market.
This was commented on by the head of Hub71, Mahmoud Adi who said, “We want to position Abu Dhabi as a leading global city for ambitious founders seeking to set up and grow their technology companies. Hub71’s mission is to remove regulatory roadblocks faced by start-ups. Additionally, we’re looking to build a global network of technology partners and investors around Hub71 founders to increase their chances of success. Within the first month of launching Hub71, we’ve successfully tied two strong partnerships with global accelerators. Until we open for applications in September, we’ll continue to double down on our efforts to offer the world’s fastest tech company setup and excel at supporting early and growing start-ups in every aspect of their business needs.”