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Hub71’s Startup Ecosystem Now Boasts Over 200 Members

Companies from 6 individual countries have been welcomed by the Abu Dhabi-based tech ecosystem in the latest round of admissions.

Published

2 years ago

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hub71's startup ecosystem now boasts over 200 members
Hub71

Hub71, Abu Dhabi’s global tech ecosystem that assists creators in tech businesses, has grown its ranks to over 200 members. After a 60% increase in applications, an additional 20 firms were chosen to join the community, helping more startups than ever to maximize opportunities for funding and other business development in the UAE’s capital.

Entrepreneurs joining Hub71 gain access to huge networking potential within the ecosystem, which has now grown into a sizable community of tech entrepreneurs and attracted the attention of leading investors, as well as corporate, governmental, and academic partners.

Startups from six different nations have been welcomed to Hub71 in this latest round of admissions, and another 11 companies have relocated to Abu Dhabi after joining the growing community. The UAE is enjoying something of a tech renaissance of late, as it draws more and more top-flight companies from around the globe.

Also Read: How To Find The Best Remote Work Opportunities In The Middle East

“This success is a testament that Abu Dhabi is becoming a destination for high-quality startups that showcase great potential and impact,” says Badr Al-Olama, acting CEO of Hub71.

Among the companies chosen to join Hub71 is 44.01, an unusually-named business that aims to reduce carbon emissions by converting CO2 into rock. Adding to the community’s green credentials is Finland’s iFarm, which develops agricultural tech solutions to support automated vertical farming, highlighting the importance of cleantech and agribusiness development in the Hub71 portfolio.

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UAE Prepares To Launch Two Satellites: Thuraya-2 And MBZ-SAT

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum chaired the first meeting of the Supreme Space Council yesterday.

Published

5 days ago

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December 17, 2024

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uae prepares to launch two satellites thuraya-2 and mbz-sat

HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister of the UAE, chaired the first meeting of the Supreme Space Council in Dubai on December 16, 2024. The session highlighted the UAE’s ambitious space plans and took stock of the sector’s economic progress.

The council emphasized the growing role of private companies in advancing space technologies, noting that their contributions are now equal to that of the public sector. Members also praised initiatives like the Space Economic Zones Programme, which are designed to fuel innovation and investment in the space industry.

Discussing the UAE’s space journey, HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum remarked, “The national space sector continues to grow and advance, and we take immense pride in the remarkable achievements we have accomplished over the years”.

Sheikh Hamdan also received updates on two upcoming satellite projects: Thuraya-2 and MBZ-SAT. Thuraya-2, developed by Space42, is slated for launch this December. Meanwhile, the MBZ-SAT, created by the Mohammed Bin Rashid Space Centre (MBRSC), will soon follow. MBRSC, a major driver of the UAE National Space Programme, continues to lead the nation’s space-related developments.

Space42 took the opportunity to showcase its advancements, including ongoing collaborations between public and private entities. The company also outlined strategies to promote innovation, boost revenue streams, and create new opportunities for growth in the sector.

Also Read: IBM Opens New Doha Office To Support Qatar’s Digital Growth

The UAE’s current projects build on a growing legacy of space exploration. Back in 2020, the nation made headlines with its Mars mission, successfully sending a probe into the planet’s orbit in 2021. This mission, which is now in its second phase as of June 2024, has been collecting critical data to develop a comprehensive diurnal image of Mars.

The UAE also ventured into lunar exploration with an unmanned mission aimed at studying untouched regions of the Moon’s surface. While the probe ultimately crashed during its landing attempt after communication was lost seconds before touchdown, the effort represented a significant step in the country’s exploration ambitions.

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