News

Hub71 Refreshes Its Company Building Program

Startups may be eligible for up to $204,000 to help accelerate growth and hasten their contribution to the local economy.

Published

1 year ago

October 17, 2023

Nour Nasir

hub71 refreshes its company building program

At this year’s GITEX Global conference, Abu Dhabi’s global tech ecosystem, Hub71, has announced a refreshed startup incentive known as the Company Building Program, where eligible businesses can receive up to $204,000 to accelerate their growth — a 50% increase over the original funding figure.

Upon completion of the program, top-performing startups could also be selected by Hub71 for an additional cash incentive of nearly $70,000 in exchange for additional equity.

The new incentive is a “natural progression” for Hub71, expanding on its pledge to support early-stage technology companies.

hub71 abu dhabi deputy ceo ahmad ali alwan

“This impact and shift to provide greater value to our startup community solidifies our commitment to founders as we aim to enhance the growth trajectory of innovative companies with the simplicity and flexibility needed to ensure they succeed,” Deputy CEO Ahmad Ali Alwan said.

“Our dedication will go beyond financial support; we are deeply invested in the success of startups in our community and will remain engaged in ensuring their sustainable growth and development in Abu Dhabi and beyond,” he continued.

Also Read: Social Media Addiction Is Greatly Impacting Arab Youth

Startups joining the Hub71 Company Building Program unlock an extensive network of corporations, government entities, and investment opportunities. The program also gives startups access to mentorship, advice, and support, which positively affects their ability to grow and contribute to the economy.

Globally, the startup sector is valued at a massive $3 trillion. By 2030, The UAE aims to create a home for 20 “unicorns” — startups with a valuation of $1 billion or more. Hub71’s new program should aid those ambitions, boosting the number of high-performing tech companies headquartered in Abu Dhabi.

News

HiFuture Wraps Up Successful GITEX GLOBAL 2024 Appearance

The electronics company wowed audiences at the world’s largest tech event with a range of wearable and smart audio devices.

Published

1 day ago

October 21, 2024

Nour Nasir

hifuture wraps up successful gitex global 2024 appearance

This year’s GITEX GLOBAL 2024 in Dubai saw a huge number of startups, electronics firms, and innovators from around the globe gather for the tech sector’s largest event of its kind. One company making waves at this year’s expo was Chinese tech group HiFuture, which showcased a range of products with a focus on wearable technology and smart audio.

At the HiFuture booth, the company captivated attendees with cutting-edge smartwatches like the ACTIVE and AURORA, along with a range of powerful wireless speakers, earbuds, and even smart rings. Visitors were eager to check out the sleek new designs on offer and even had the chance to test out some of the products themselves.

hifuture gitex global 2024 dubai

Among the highlights were smartwatches combining dual-core processors with customizable options. The devices blended style and technology, offering health monitoring capabilities, personalized watch faces, and advanced AI-driven functionalities, giving attendees a taste of the future of wearable technology.

On the audio front, HiFuture’s wireless speakers left a lasting impression, offering rich, immersive sound in compact, portable designs. These speakers cater to both intimate gatherings and larger celebrations, offering versatility for users. Meanwhile, the company also showed off its Syntra AI technology, which it claims “revolutionizes health and fitness tracking by combining advanced optical sensors with intelligent algorithms for precise, real-time insights”.

Also Read: How (And Why) To Start A Tech Business In Dubai

The presence of HiFuture’s leadership team at GITEX 2024 underscored the importance of this event for the company, with CEO Levin Liu leading a team of executives, all keen to engage with attendees and offer insights into HiFuture’s vision, product development process, and future direction.

Overall, it seems that GITEX GLOBAL 2024 has been a rewarding experience for HiFuture. The enthusiasm and curiosity of attendees shown to the company’s diverse range of products was obvious, with the HiFuture team leaving on a high note and clearly excited and motivated by the event.