The tech-based innovative startups will benefit from the generous perks offered by the hub as they deep dive towards growth.
In the heart of Abu Dhabi’s tech entrepreneurial ecosystem, Hub71 announces the inauguration of a new cohort of startups to the Hub71 Incentive Programme. The group is comprised of seven startups from all around the MENA and more, with the mission to grow their companies as they benefit from the generous packages offered by the hub.
“As part of their growth strategy, the new startups joining Hub71 will create new tech jobs in Abu Dhabi. The MENA region is ripe for disruption and Abu Dhabi is leading the charge by providing access to capital and market opportunities to catalyse home-grown innovations,” says Mahmoud Adi, CEO of Hub71.
The new startups joining Hub71 originate from different sectors and countries and are considered exceptional, high-growth tech-based companies including British fin-tech company, dopay; Egypt’s Furnwish; Tunisian ProvenMed International, Trukker, and three UAE-based startups: Addenda, SchoolVoice and SportyQ.
Dopay: A British cloud-based payroll service that allows employers to calculate salaries and make electronic payments as well as targeting unbanked customers whilst offering a full banking experience.
Furnwish: An Egyptian augmented reality (AR) startup that helps furniture stores and interior designers showcase their products and services.
ProvenMed International: An innovative Tunisian medical device company specialising urinary incontinence solutions with its flagship product ActivGoTM already in several markets.
Addenda Technologies: A UAE-based motor insurance-tech platform that leverages blockchain technology to help insurers with the necessary checks needed to confirm authentic claims.
SchoolVoice: A UAE-based intuitive smart application that simplifies communications between schools and parents.
SportyQ: A UAE-based social networking platform where users can book, organise, and pay for sports by connecting them to a network of gyms, personal trainers, sports venues and governing bodies.
“We’re on track on hit out goal of bringing between 20 and 30 quality startups to Hub71 by year-end and our first 18 startups demonstrate that we’re building a tech community that ranges in size, growth stage and sector,” says Adi.
Three of the seven startups joining Hub71 are winners of the inaugural Hub71 MENA Growth Competition, where judges invited ten outstanding MENA-based startups to Abu Dhabi to pitch their innovative solutions and secure a spot the region’s most prominent tech hub and gain support by a generous incentive package, entrepreneur visas and corporate support. The respective winners are Addenda Technologies, Furnwish and ProvenMed
“Over the last few months, the Emirate has increased its bandwidth to support more B-to-B and B-to-C startups from all around the world. We’re proud to play our role in welcoming these startups to Hub71 and helping them thrive,” adds Adi.
The Abu Dhabi Global Market resident hub looks to attract startups with a high potential of growth, startups that can demonstrate a disruptive approach to solving a problem and have secured funds of at least $100,000 within the first years of operation.
Applications for the next edition of Hub71’s Incentive Programme will be opened to the public later this month, aiming to recruit seed-stage emerging tech-based companies led by dedicated founders with scalable, quality tech ideas.
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