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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.
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.
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“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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“AI Seal” Certification Now Required For Dubai Gov Partnerships
The new mandatory certification is designed to build trust in AI companies and create a reliable network of providers for government and public collaboration.
Dubai has introduced the Dubai AI Seal, a certification designed to establish trust in artificial intelligence (AI) companies and solutions. This initiative, directed by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Deputy Prime Minister, aims to create a reliable network of AI providers which government entities and businesses can collaborate confidently.
Companies must now obtain the AI Seal to qualify for UAE or Dubai government contracts. The Dubai Centre for Artificial Intelligence (DCAI), which developed the certification, sees it as a competitive edge for companies looking to participate in key national projects. Once certified, businesses will be permitted to showcase the seal across their websites and marketing materials, signaling their credibility and dependability.
The evaluation process will consider six main criteria: the company’s services and operations, the number of employees specializing in AI, ongoing and future projects, as well as existing partnerships with public and private sector entities.
Khalfan Belhoul, CEO of the Dubai Future Foundation, which oversees the DCAI, commented on the initiative’s potential: “This initiative will help create powerful partnerships between the public and private sectors, locally, regionally, and globally. It will help drive new economic opportunities by leveraging AI to serve better the economy, society, and the future we aspire to”.
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The Dubai AI Seal’s goals include providing a clear framework for verifying AI providers, fostering business opportunities for AI companies, and acknowledging the industry’s strategic importance to Dubai’s economy. The initiative emphasizes AI’s role in driving economic growth, creating jobs, and strengthening collaboration between government bodies and technology firms.
All technology companies operating in Dubai and offering AI-related services or products are eligible to apply for the certification at no cost through the official website.
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