A global tech ecosystem located in the heart of Abu Dhabi that brings together key enablers for startups to succeed
Who we are
A community of founders, investors and business enablers that form a unique technology ecosystem strategically located in Abu Dhabi.
Named after the UAE’s formation in 1971, Hub71 is creating the optimal environment for transformative tech companies looking to maximize success, produce outstanding tech innovations and scale globally.
Hub71 is a flagship initiative of the AED 50 billion economic accelerator program, Ghadan 21, which means “tomorrow” in Arabic.
Access to capital by attracting top VC funds and investors to increase the pool of capital available to startups and VCs in Abu Dhabi.
Access to a favorable business environment through our partner, Abu Dhabi Global Market (ADGM), which is best placed to improve the ease of doing business for startups.
Access to global markets through Mubadala Investment Company’s network of more than 60 global assets under management in 15 sectors.
To be the go-to hub for tech companies, startups and investors looking to capitalize on growth opportunities in one of the world’s fastest growing economies.
Hub71 incentive PROGRAM
100% subsidized for Seed Stage Startups
50% subsidized for Emergent Stage Startups
Seed stage startup
2 – 5 people
$100k – $500k of capital raised
Incentive for 2 years
Emergent stage startup:
Up to 25 people
$500k or more capital raised
Incentive for 3 years
Companies that will be considered for the incentive program should meet the following criteria:
Be high-growth tech companies
Target a large user base or potential pool revenue
Provide transformative technologies or business models
Secured VC funding in the last three years
Set up a meaningful presence (a majority of the team) at Hub71
Tech agnostic community
International and regional VCs
Access to open and secure regulatory frameworks
Universities and schools
Engagement and innovation programs
Global Technology Companies
Gateway for startups
Strong partnerships from leading institutions
Abu Dhabi Global Market (ADGM)
ADGM’S TECH STARTUP LICENSE
ADGM allows entrepreneurs to set up in the UAE at a very competitive cost. Businesses can hit the ground running and take advantage of Hub71’s community of founders, partners and business enablers under the umbrella of internationally recognized legal and commercial frameworks. The ADGM tech startup license is sector agnostic.
BENEFITS OF THE ADGM TECH STARTUP LICENSE
- Quick online registration process
- Ability to apply for up to four employee visas
- Low annual licence fee $700
- Access to the Entrepreneurship Support Program
- All around consultation on scaling up in the region
- General insights on legal themes and IP rights in the region
- Business model support
WeWork will be launching its first location in the UAE at Hub71 in early 2020 at ADGM Square, Al Maryah Island.
Located in the heart of Abu Dhabi’s financial district, the space will span across three floors with over 5,000 square meters of collaborative and inspirational workspaces tailored to tech companies.
OYO will provide select accommodation to startups that have been granted Hub71’s incentive packages, which will be located in Al Reem Island 5 minutes driving distance from Al Maryah Island.
OYO will be leasing, fitting out and managing residential units for Hub71 residents, providing both furnished and unfurnished units.
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Al Khatem Tower – 9th Floor
ADGM Square, Al Maryah Island
Abu Dhabi – United Arab Emirates
Phone: +971 2 632 4123