Hub71: Abu Dhabi's Leading Startup Incubator for Business Setup in UAE

Summary

Today's live session delves into Hub71, Abu Dhabi's premier startup incubation center, highlighting its rapid growth and impact on the Mina region's startup ecosystem. Since 2019, Hub71 has facilitated over 5.4 billion AED in funding, contributing 3 billion AED to Abu Dhabi's economy and creating over 1,100 jobs. The incubator boasts 77 corporate deals worth 658 million AED and hosts over 200 startups from 54 countries across 22 tech sub-sectors. Hub71 offers three programs: Initiate for early-stage startups, Access for funding and growth, and Bright for high-potential startups with mentorship. It also features specialized ecosystems like Hub71 Digital Assets and Hub71 Climate Tech. The session concludes with Abu Dhabi's future plans to become a startup hub, inviting global startups to join and expand within the region.

Takeaways

• 🌟 Hub71 is a premier startup incubation center in Abu Dhabi, playing a central role in the growth of the city's startup ecosystem in the MENA region.
• 💹 Since its inception in 2019, Hub71 has facilitated over 5.4 billion AED in funding for its startups, with more than 1.2 billion AED raised in 2022 alone.
• 🏢 Hub71 has contributed significantly to Abu Dhabi's local economy, generating over 3 billion AED in revenue and creating more than 1100 jobs.
• 🤝 The incubator has fostered 77 corporate deals, amounting to 658 million AED, showcasing the strong partnerships and investor confidence in Hub71's startups.
• 🌐 Hub71 hosts over 200 startups from more than 54 countries, spanning 22 sub-sectors within the tech ecosystem, highlighting its diverse and global reach.
• 🚀 Three main programs are offered by Hub71: the Initiate program for early-stage startups, the Access program for funding and network expansion, and the Bright program for high-potential startups with mentorship from industry experts.
• 🔗 Hub71 Digital Assets, in partnership with Alixir Capital, is tailored for companies in blockchain, web3, and crypto, while Hub71 Climate Tech, operated by New Energy Nexus, focuses on sustainable technologies for a Net Zero future.
• 🌱 Abu Dhabi, through Hub71, aims to become a leading startup ecosystem hub in the MENA region, with plans for future incubators and expansion.
• 🤗 Hub71 is open to startups at various stages, from early-stage to those that have already achieved revenue and international expansion, offering support in business growth, funding, and mentorship.

Q & A

What is Hub71 and what is its significance in Abu Dhabi?

Hub71 is a premier startup incubation center in Abu Dhabi, designed to foster the growth of the startup ecosystem in the region. It plays a significant role by providing a platform for startups to access funding, mentorship, and networking opportunities.

How much funding has been raised by the startups at Hub71 since its inception?

Since its inception in 2019, startups at Hub71 have raised more than 5.4 billion AED in funding.

What was the amount of funding raised by Hub71 startups in the year 2022 alone?

In 2022, Hub71 startups raised over 1.2 billion AED.

How has Hub71 contributed to Abu Dhabi's local economy?

Hub71 has contributed more than 3 billion AED to Abu Dhabi's local economy and has created over 1100 jobs through its incubated startups.

How many corporate deals have been made by Hub71 startups, and what is the total value of these deals?

Hub71 startups have made more than 77 corporate deals, with a total value of over 658 million AED.

What is the community growth like at Hub71?

Hub71 hosts more than 200 startups from over 54 different countries, covering 22 sub-sectors in the tech ecosystem.

What are the three programs that Hub71 offers to startups?

Hub71 offers three programs: the Initiate program for early-stage startups, the Access program for startups seeking the next level of funding, and the Bright program for high-potential startups that also provides mentorship.

What is unique about the Hub71 Digital Assets ecosystem?

Hub71 Digital Assets is an ecosystem tailored for companies involved in blockchain, web3, and crypto, operated in partnership with Alixir Capital.

How does Hub71 Climate Tech differ from other ecosystems at Hub71?

Hub71 Climate Tech is an ecosystem operated by New Energy Nexus, focusing on startups that create sustainable technology aimed at achieving a Net Zero future.

What are the future plans for Hub71 in terms of expanding the startup ecosystem in Abu Dhabi?

Hub71 aims to continue expanding the startup ecosystem in Abu Dhabi, with plans to become a leading incubator and a hub for the startup ecosystem in the Middle East and North Africa region.

How can startups that are already at a revenue level or have expanded to different countries get involved with Hub71?

Startups at any stage, including those with revenue or international expansion, can still join Hub71 to access its ecosystem, funding opportunities, and mentorship programs.

Outlines

00:00

🌟 Introduction to Hub71: Abu Dhabi's Premier Startup Incubator

The video script introduces a live session focusing on Hub71, a leading startup incubation center in Abu Dhabi. It discusses the rapid growth of Abu Dhabi as a startup hub in the Middle East, with Hub71 at the epicenter of this ecosystem. The session aims to delve into the key highlights of Hub71, including its corporate partnerships, funding and investment, and the special ecosystem it has fostered within its premises. The script also mentions the significant financial impact Hub71 has had on the local economy, with over 5.4 billion AED raised since its inception in 2019, contributing more than 3 billion AED in revenue and creating over 1100 jobs. The session promises to cover the various programs and initiatives that Hub71 offers to startups, as well as its future plans to expand its influence in the region.

05:01

🚀 Hub71's Programs and Ecosystems for Startup Growth

The second paragraph delves into the specific programs that Hub71 offers to support startups at different stages of their growth. The 'Initiate' program caters to early-stage startups, even those that are pre-revenue and still in the product development phase. The 'Access' program is designed for startups seeking the next level of funding and opportunities to connect with high-profile networks for investment. The 'Bright' program is reserved for high-potential startups, providing them with funding, ecosystem access, and mentorship from industry experts. The paragraph also highlights two specialized ecosystems under Hub71: 'Hub71 Digital Assets' for companies in blockchain and web3, operated in partnership with Alixir Capital, and 'Hub71 Climate Tech', operated by New Energy Nexus, focusing on sustainable technologies for a net-zero future. The script concludes by inviting startups to join the Abu Dhabi ecosystem through Hub71, regardless of their current stage or global reach, and offers assistance for business expansion and funding in the region.

Keywords

💡Hub71

Hub71 is a premier startup incubation center located in Abu Dhabi. It plays a pivotal role in fostering the growth of the startup ecosystem in the region by providing a platform for innovation and collaboration. The video script discusses how Hub71 has positioned itself at the center of Abu Dhabi's startup ecosystem, attracting investments and creating a vibrant community of startups. It is highlighted as a key player in the region's economic development, contributing to job creation and revenue generation.

💡Startup Incubator

A startup incubator is a program designed to support the growth and success of emerging businesses by providing resources, guidance, and sometimes funding. In the context of the video, Hub71 serves as an incubator, nurturing startups from various sectors and countries, and facilitating their growth through access to funding, mentorship, and networking opportunities.

💡Investment

Investment in the context of the video refers to the financial backing provided to startups to help them grow and scale their operations. The script mentions that over 5.4 billion AED has been raised by Hub71's startups since its inception, indicating the significant role of investment in fueling the growth of the startup ecosystem in Abu Dhabi.

💡Corporate Partnerships

Corporate partnerships are strategic alliances between corporations and startups that can lead to mutual benefits such as access to resources, markets, and expertise. The video script highlights that Hub71's startups have engaged in over 77 corporate deals, which have not only provided a significant boost to the startups but also contributed to the local economy and investor returns.

💡Revenue

Revenue refers to the income generated by a business from its operations. The script emphasizes the economic impact of Hub71's incubated startups, which have contributed over 3 billion AED to Abu Dhabi's local economy, showcasing the tangible benefits of the incubation center's efforts in fostering startup growth.

💡Job Creation

Job creation is a key indicator of economic development and a measure of the success of startup ecosystems. The video mentions that Hub71 has facilitated the creation of over 1100 jobs, underscoring its role in not only fostering entrepreneurial ventures but also in enhancing employment opportunities within the region.

💡Community Growth

Community growth in this context refers to the expansion and diversification of the startup community within Hub71. The video script notes that over 200 startups from more than 54 countries are part of Hub71, representing 22 sub-sectors in the tech ecosystem. This growth reflects the center's success in building a diverse and vibrant startup community.

💡Programs and Initiatives

Programs and initiatives are structured efforts designed to achieve specific goals, such as supporting startups at different stages of their development. The video outlines three key programs offered by Hub71: the Initiate, Access, and Bright programs, each catering to startups at various stages, from early-stage to high-potential ventures, providing tailored support and resources.

💡Digital Assets

Digital assets refer to financial assets that are recorded on a blockchain or similar technology. In the video, Hub71 Digital Assets is mentioned as a specialized ecosystem within Hub71, designed to support startups focused on blockchain, web3, and crypto technologies. This highlights Hub71's commitment to fostering innovation in the digital asset space.

💡Climate Tech

Climate tech encompasses technologies and solutions aimed at addressing climate change and promoting sustainability. The video script introduces Hub71 Climate Tech, an ecosystem operated in partnership with New Energy Nexus, focusing on startups that develop sustainable technologies to achieve a net-zero future. This initiative underscores Hub71's role in supporting environmentally conscious innovation.

Highlights

Hub71 is a premier startup incubation center in Abu Dhabi, playing a central role in the growth of the city's startup ecosystem.

Abu Dhabi is rapidly becoming a startup incubator in the MENA region, with the fastest-growing startup ecosystem.

Since its inception in 2019, Hub71 has facilitated over 5.4 billion AED in funding for its startups.

In 2022 alone, startups at Hub71 raised more than 1.2 billion AED.

Hub71 has contributed over 3 billion AED to Abu Dhabi's local economy and created over 1100 jobs.

Startups at Hub71 have secured more than 77 corporate deals, totaling over 658 million AED.

Hub71 hosts over 200 startups from more than 54 countries, representing 22 sub-sectors in the tech ecosystem.

Hub71 offers three programs to support startups at different stages: Initiate, Access, and Bright.

The Initiate program is designed for early-stage startups that are pre-revenue or in product development.

The Access program helps startups secure the next level of funding and expand their network.

The Bright program is for high-potential startups, offering funding, ecosystem access, and mentorship from industry experts.

Hub71 Digital Assets is an ecosystem tailored for companies in blockchain, web3, and crypto.

Hub71 Climate Tech, operated by New Energy Nexus, supports startups creating sustainable technology for a net-zero future.

Abu Dhabi aims to become the startup ecosystem hub for the MENA region, with plans for more incubators and leading incubation centers.

Hub71 is open to startups from various stages, including those that have reached revenue levels or expanded internationally.

The session offers insights into how to start or expand a business in the UAE, secure funding, and receive mentorship.

Transcripts

hello everyone and Welcome to our

today's live session which is on hub71 a

premier startup incubation in Abu Dhabi

well we had a live session especially on

how Abu Dhabi is growing and becoming

the startup incubator in the Mina region

in the UA how it's startup ecosystem is

growing I at the fastest rate in the

Mina region on the same we had discussed

about Hub 71 in that live video as well

in which we discussed how hub71 is at

the center of the growth of Abu dhabi's

ecosystem so today we are going to get

into a detailed discussion about Hub 71

we'll discuss some of the key highlights

we'll discuss about in that about the

corporate partnership which is it has

done we'll discuss about the revenues

which it has made the funding and

investment in the key highlight section

then we'll move on to programs and

incent uh incent initiatives which hub71

has inside its incubation then finally

we'll discuss about some of the special

ecosystem which it has created inside

its premises so it will be a very good

discussion about hub71 an incubation

Center a premier incubation Center so

first thing first first we'll discuss

about the key highlights how this

incubation Center is able to Place

itself in the midest of startup

ecosystem of abudhabi and in the Mina

region as well so some of the key

highlights related to funding and

Investments so any incubation Center it

has to make sure that the startups

inside its premises gets the right

funding and investment in that same

scenario more than 5.4 billion dams has

been raised since the Inception of hub7

21 which was in 2019 so five 5.4 billion

in last some of the years has been

raised by the startups of 71 what is

next more than more than 1.2 billion

dams were raised in 2022 itself so there

is a continuous growth in last years in

which the Investments coming to these

startups of 71 are continuously

increasing if we speak about the Vue

creation after raising the investment

what exactly it has helped Abu Dhabi in

its local economy more than 3 billion

dams of Revenue has been contributed to

the local economy of Abu Dhabi and more

than 1100 jobs have been created as well

through this hub71 incubation Center

startups so it's a big staggering number

if we see since the Inception of hub71

now as we all know about startups that

startup has to get funding then it

creates revenue for its local economy

and for the people around it then it is

very important for the investors who are

coming on board to invest in these

startups that they get Roi they get

benefit of whatever they are investing

into these startups on the same node the

startups of hub71 are able to make

corporate deals corporate Partnerships

in such a small time more than 77

corporate deals were done in last few

years which accounted for more than 658

million dams in totality of corporate

deals it's a staggering amount when we

see that the Inception is is very near

if we see the amount of time which hub71

has given to its startups and to it

investors the corporate deals which are

coming the confidence which are being

shown by investors and corporates to

acquire these startups and get exit to

the investors who are investing in these

startups is very good the amount of

Revenue the amount of Investments and

the amount of corporate deals coming are

huge moving on next is about the

community growth what exactly Community

which has been built by the hub71 so

more than 200 startups are inside hub71

and it comes from more than 54 different

countries and accounts for 22 subte sub

sectors in the tech ecosystem so the

numbers are itself itself judg giving

the right picture about how Abu Dhabi is

growing its ecosystem then for then

moving on next is program and

initiatives so when we speak about start

startup incubations there are different

programs which they run through which

they are able to onboard the new

startups be it highly potential startups

early early bird startups or in midest

of growing so there are three programs

which are running under h71 first is

initiate program this means any early

early stage startup can also get access

to h71 if it is uh still pre-revenue it

is still in the product development

stage still you can get the access of

hub71 through its initiate program the

next is Access program this is specially

designed program in which the startups

join hub71 to get next level of funding

to get next level of cash to equity

deals and moving on from there they'll

be able to expand they will be able to

connect with some high high network uh

communities in which they'll be able to

get Investments the third one is bright

program this is only for the high

potential startups in which you will be

in this this program you will be able to

get funding you'll be able to get access

to the ecosystem plus you will get

mentorship from different network from

different industry experts so the

mentorship remains very important aspect

of this program because as an startup

you always need people who have the

business ENT they have the knowledge of

product they have the knowledge of

market so they help you to design your

product your company to be the best

Market fit and they help you to create

products which are exactly tailored for

the market of UA or if you are if you're

targeting around the globe so the

startups and hub71 are not just meant

for UA or Mina region the startups are

getting into the global stage as well so

these were the three programs through

which startups can get access to hub71

now there are some special ecosystems

also made by hub71 which are majorly two

one is hub71 digital assets so if you if

you're a company who's into blockchain

who's into web3 if into crypto into

blockchain so Hub 71 digital assets is

the ecosystem which you can join and

this is specially tailored for digital

assets the next one is Hub 71 climate

Tech this is specially sorry ms1 point

the digital assets is with is combined

with alixir capital so alexir capital is

operating this digital assets for h71

the client climate Tech is being

operated by new energy Nexxus it is for

the startups who support who create

sustainable technology for achieving Net

Zero future so these are the two major

ecosystems under the hub71 now at the

end of the video we'll like to discuss

about the future plans of Abu Dhabi

through hub71 and maybe in future coming

up with more incubators the leading

incubators Abu Dhabi wants to become the

startup ecosystem hub for the Mina

region itself so if you are a startup or

if you are a startup but already gone to

a revenue level or if you have already

expanded to different countries as well

you can still get into hub71 into the

Abu Dhabi ecosystem so with this we will

end our live session today if you have

more if you need more information if you

want to connect with me or my team to

discuss more related to how you can

start your business as a startup or if

you want to expand your business in UA

you want to get funding you want to uh

get mentorship we are able to help as

dard in any stage of your business thank

you so much for joining us today see you

tomorrow at same

time for