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Abu Dhabi’s Hub71 To Help Climate Technology Startups

The initiative was announced at the COP28 summit and will help selected startups with a $200,000 cash injection and further incentives.

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abu dhabi's hub71 to help climate technology startups
Hub71

Hub71, Abu Dhabi’s global technology system, has launched a new initiative to support climate technology startups backed by several of the UAE’s largest public and private sector organizations.

Known as the Hub71+ ClimateTech ecosystem, the program was announced at the COP28 climate conference in Dubai, with funding commitments from 25+ local and international partners already in place.

A total of 342 startups have submitted applications so far, with the top companies being added to a shortlist that will be revealed shortly. Selected startups will receive Dh250,000 ($68,000) in incentives and an upfront cash support package of Dh250,000. In addition, the top performers of Hub71’s new initiative will also receive a top-up of up to Dh250,000 in exchange for additional equity.

Ahmad Alwan, deputy chief executive of Hub71, said: “This initiative aims to bring in different entities that have a shared mission towards climate tech […] Throughout the journey, we will support these companies, not only from being startups to becoming mature companies but also to facilitate their engagement with entities that would support them with access to capital, market, and talent”.

The Hub71+ ClimateTech ecosystem is backed by the Abu Dhabi National Energy Company and the National Central Cooling Company, who have each pledged Dh500,000 to the initiative as anchor partners.

Also Read: Wisdom Motor Brings First Zero-Emission Bus To GCC

They are joined by corporate partners, including Abu Dhabi holding company ADQ, Aldar Properties, sovereign wealth fund Mubadala, First Abu Dhabi Bank, Masdar City, and Dubai’s Emirates NBD. In addition, Siemens Energy is also onboard as an anchor partner.

So far, Hub71 has helped 260 member startups and created over 1,000 jobs, according to the organization’s website. In addition, it has collectively raised around Dh5 billion since its foundation in 2019.

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Meet Yango Play’s My Vibe: A Real-Time Personalized Music Stream

The entertainment super app now boasts a unique feature that adapts to user music preferences during listening.

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meet yango play's my vibe a real-time personalized music stream
Yango

Yango Play, the AI-driven super app combining video streaming, music, and games, has introduced a feature in its music section known as My Vibe. The new playlist tool dynamically adapts to a listener’s song choices in real time, identifying changing preferences and mood shifts immediately.

yango play my vibe user interface

My Vibe works by harnessing an advanced AI algorithm that analyzes over a thousand variables about a user’s behavior and the content. The result is a potentially endless stream of curated tracks, artists, and genres that align perfectly with a user’s preferences, mood, and historical song choices. The new feature can identify when a track is skipped or not completed and continually refines the listening experience in real time.

roman shimansky mena region business director at yango

Roman Shimansky, Yango’s MENA Region Business Director, explained the benefits of the new feature: “My Vibe excels at sparking a range of emotions, providing that delightful surprise when you encounter a track for the first time and instantly know you’ll love it. With My Vibe, there’s no need to toggle between your favorite tunes and new tracks or waste time choosing playlists. Everything you need is accessible with just one touch”.

Also Read: Best Music Streaming Services In The Middle East

My Vibe uses neural models to understand the evolving musical interests of its users. The sophisticated tool studies track, analyzing their spectrograms, frequency ranges, rhythm, vocal tone, and much more. With all that information in place, the algorithm then searches for tracks with similar parameters, suggesting them to listeners based on likes, dislikes, and even other users with similar tastes.

Since being released in the MENA region in February, the Yango Play app has proved popular across the region. The service boasts music for every mood and genre imaginable and streams the latest Arabic and Khaleeji hits in expertly curated playlists, helping users discover rising local talent across genres.

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