Abu Dhabi - Hub71 launches competition to attract startups
Tuesday, 07 02 2019, Category: Economy, Country: U.A.E
Aldar Properties, the Abu Dhabi Department of Health and Abu Dhabi Global Market have pledged support for Hub71’s MENA Growth competition, an initiative of MIT Enterprise Forum Pan Arab.
Hub71 is an Abu Dhabi-based tech hub and an initiative of the Ghadan 21 program, supported by Mubadala Investment Company, Microsoft, SoftBank Vision Fund and Abu Dhabi Global Market (ADGM).
The competition will provide ten finalists the opportunity to pitch their winning ideas to corporates and Venture Capitalists (VCs) over a five-day workshop in Abu Dhabi. Judges will then select three winners for prizes each powered by Aldar Properties, Abu Dhabi Department of Health and ADGM. The winning startups will be offered the opportunity to join Hub71’s community in Abu Dhabi.
Through the competition, Hub71 aims to address pain points and challenges facing startups globally, specifically by providing support packages for subsidised housing and office space, five-year entrepreneur visas, access to accelerators, corporates programs and funding from VCs and investors, including the Abu Dhabi Investment Office.
Source: Network Middle East