New accelerators to join Abu Dhabi tech hub to support start-ups
Abu Dhabi's Hub71 has announced that two new partners, Techstars and Starburst, will join by the end of this year
Hub71, a global tech hub driven by Mubadala in collaboration with Microsoft, SoftBank Vision Fund and Abu Dhabi Global Market, has announced that two new partners, Techstars and Starburst, will join by the end of this year.
Techstars is a mentorship-driven accelerator that offers funding and a worldwide network, and Starburst is the number one aerospace accelerator in the world.
The accelerators aim to maximise success for start-ups from anywhere in the world and wiil bring direct access to funds, sector expertise and a global network of industry leaders as well as mentorship-based 12-week programs.
Mahmoud Adi, head of Hub71, 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.”
He added: “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.”
David Brown, co-founder, and co-CEO of Techstars said: “We are excited at the prospect of working with Hub71 in Abu Dhabi to help grow and scale the startup community. We have been active in the UAE through prior Techstars programs and welcome the opportunity to extend our global network of over 150 countries, over 10,000 mentors and over 300,000 alumni.”
As Abu Dhabi continues to build momentum around its aerospace ecosystem, Hub71 has also partnered with Starburst.
Francois Chopard, founder of Starburst said: “We’re excited to collaborate with Hub71 to bring the best aerospace start-ups to Abu Dhabi. Aerospace has been one of Abu Dhabi’s top priorities for the last twenty years, including the establishment of the UAE Space Agency. Starburst will provide a three-month program for ten start-ups per year, including direct financing, world-class mentors from the aerospace industry and access to local financing."
Abu Dhabi is the latest addition to its global network after having launched programs in Los Angeles, Montreal, Paris, Munich and Singapore.
Plug and Play, a global accelerator and venture capital firm from Silicon Valley, has also announced Hub71 as its regional headquarters.
Hub71 is a key initiative of the Abu Dhabi Government’s Ghadan 21 economic acceleration program.
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