Set up in March 2019, Hub71 is a start-up incubator based within Abu Dhabi Global Market, the emirate's financial free zone. Courtesy Hub71
Set up in March 2019, Hub71 is a start-up incubator based within Abu Dhabi Global Market, the emirate's financial free zone. Courtesy Hub71
Set up in March 2019, Hub71 is a start-up incubator based within Abu Dhabi Global Market, the emirate's financial free zone. Courtesy Hub71
Set up in March 2019, Hub71 is a start-up incubator based within Abu Dhabi Global Market, the emirate's financial free zone. Courtesy Hub71

Abu Dhabi's Hub71 partners with Adio to boost start-up ecosystem


Alkesh Sharma
  • English
  • Arabic

Global tech ecosystem Hub71 has joined forces with the Abu Dhabi Investment Office to facilitate the scale-up of early-stage tech start-ups through fresh investment.

Hub71’s Innovation Programme will offer a “robust and competitive environment” for start-ups to access new capital and incentives from public as well as private companies, the entities said in a joint statement on Wednesday.

“Capital is an instrumental enabler that unlocks our start-ups’ growth,” Ibrahim Ajami, interim chief executive of Abu Dhabi-based Hub71, said.

“We are committed to supporting tech start-ups by leveraging the network of partners that back our mission and strive to provide opportunities to access funding or grants,” added Mr Ajami, who is also the head of ventures and growth at Mubadala Investment Company, Abu Dhabi’s sovereign wealth fund.

The new partnership aims to support Hub71's The Outliers programme. Launched in March,. the programme connects selected start-ups with the emirate's companies, particularly those under Mubadala and industrial holding firm ADQ, as well as local and federal government agencies, to increase their market access.

“The Outliers paves the way for start-ups with proven products to work alongside our corporate and government partners … to help them integrate innovation into their business models. Now is the time to apply and get the backing of powerful entities that want to help start-ups develop sustainable POCs [proof of concepts] that can go-to-market,” said Mr Ajami.

Start-ups worldwide can apply for The Outliers programme until July 1. Successful start-ups will gain access to up to $27,000 worth of funding for POCs, other benefits, in addition to partnership contracts and the chance to join Hub71’s community to benefit from its incentives, programmes and global partners.

Start-ups are key to Abu Dhabi’s economy, “both in terms of economic benefit as well as the bold ideas and ambition they bring to the business ecosystem”, Dr Tariq Bin Hendi, Adio’s director general, said.

“The government plays a critical role in creating an environment where businesses are supported to succeed, and at ADIO, we are investing maximum resources and efforts to ensure innovative start-ups can successfully scale up from Abu Dhabi,” added Mr Hendi.

At the end of last year, Hub71 and Adio hosted a demo day for the Hub71’ start-ups to pitch for cash grants from Adio. Following a screening process by an investment committee, 10 start-ups received grants worth more than Dh10 million ($2.7m) to accelerate the development of their innovative solutions.

More than 15 local, regional and international venture capital funds are based at Hub71 with $1.72 billion in assets under management.

Hub71 is a flagship initiative of the Dh50bn Ghadan 21 economic stimulus programme and was founded by the Abu Dhabi government, Mubadala, Abu Dhabi Global Market, Microsoft and SoftBank.

It has positioned the UAE capital as an innovation hub and attracted start-ups in sectors that are crucial to the country's growth, such as agriculture, technology, health care and renewable energy.

If you go...

Etihad Airways flies from Abu Dhabi to Kuala Lumpur, from about Dh3,600. Air Asia currently flies from Kuala Lumpur to Terengganu, with Berjaya Hotels & Resorts planning to launch direct chartered flights to Redang Island in the near future. Rooms at The Taaras Beach and Spa Resort start from 680RM (Dh597).

Abu Dhabi Grand Slam Jiu-Jitsu World Tour Calendar 2018/19

July 29: OTA Gymnasium in Tokyo, Japan

Sep 22-23: LA Convention Centre in Los Angeles, US

Nov 16-18: Carioca Arena Centre in Rio de Janeiro, Brazil

Feb 7-9: Mubadala Arena in Abu Dhabi, UAE

Mar 9-10: Copper Box Arena in London, UK

The specs

Engine: 2.0-litre 4cyl turbo

Power: 261hp at 5,500rpm

Torque: 405Nm at 1,750-3,500rpm

Transmission: 9-speed auto

Fuel consumption: 6.9L/100km

On sale: Now

Price: From Dh117,059

The specs

Engine: 2x201bhp AC Permanent-magnetic electric

Transmission: n/a

Power: 402bhp

Torque: 659Nm

Price estimate: Dh200,000

On sale: Q3 2022 

How they line up for Sunday's Australian Grand Prix

1 Lewis Hamilton, Mercedes

2 Kimi Raikkonen, Ferrari

3 Sebastian Vettel, Ferrari

4 Max Verstappen, Red Bull

5 Kevin Magnussen, Haas

6 Romain Grosjean, Haas

7 Nico Hulkenberg, Renault

*8 Daniel Ricciardo, Red Bull

9 Carlos Sainz, Renault

10 Valtteri Bottas, Mercedes

11 Fernando Alonso, McLaren

12 Stoffel Vandoorne, McLaren

13 Sergio Perez, Force India

14 Lance Stroll, Williams

15 Esteban Ocon, Force India

16 Brendon Hartley, Toro Rosso

17 Marcus Ericsson, Sauber

18 Charles Leclerc, Sauber

19 Sergey Sirotkin, Williams

20 Pierre Gasly, Toro Rosso

* Daniel Ricciardo qualified fifth but had a three-place grid penalty for speeding in red flag conditions during practice

WHAT%20IS%20'JUICE%20JACKING'%3F
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The schedule

December 5 - 23: Shooting competition, Al Dhafra Shooting Club

December 9 - 24: Handicrafts competition, from 4pm until 10pm, Heritage Souq

December 11 - 20: Dates competition, from 4pm

December 12 - 20: Sour milk competition

December 13: Falcon beauty competition

December 14 and 20: Saluki races

December 15: Arabian horse races, from 4pm

December 16 - 19: Falconry competition

December 18: Camel milk competition, from 7.30 - 9.30 am

December 20 and 21: Sheep beauty competition, from 10am

December 22: The best herd of 30 camels

Wenger's Arsenal reign in numbers

1,228 - games at the helm, ahead of Sunday's Premier League fixture against West Ham United.
704 - wins to date as Arsenal manager.
3 - Premier League title wins, the last during an unbeaten Invincibles campaign of 2003/04.
1,549 - goals scored in Premier League matches by Wenger's teams.
10 - major trophies won.
473 - Premier League victories.
7 - FA Cup triumphs, with three of those having come the last four seasons.
151 - Premier League losses.
21 - full seasons in charge.
49 - games unbeaten in the Premier League from May 2003 to October 2004.

UAE currency: the story behind the money in your pockets
The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

PRISCILLA
%3Cp%3EDirector%3A%20Sofia%20Coppola%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Cailee%20Spaeny%2C%20Jacob%20Elordi%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A
The Sand Castle

Director: Matty Brown

Stars: Nadine Labaki, Ziad Bakri, Zain Al Rafeea, Riman Al Rafeea

Rating: 2.5/5

While you're here
The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet

Guns N’ Roses’s last gig before Abu Dhabi was in Hong Kong on November 21. We were there – and here’s what they played, and in what order. You were warned.

  • It’s So Easy
  • Mr Brownstone
  • Chinese Democracy
  • Welcome to the Jungle
  • Double Talkin’ Jive
  • Better
  • Estranged
  • Live and Let Die (Wings cover)
  • Slither (Velvet Revolver cover)
  • Rocket Queen
  • You Could Be Mine
  • Shadow of Your Love
  • Attitude (Misfits cover)
  • Civil War
  • Coma
  • Love Theme from The Godfather (movie cover)
  • Sweet Child O’ Mine
  • Wichita Lineman (Jimmy Webb cover)
  • Wish You Were Here (instrumental Pink Floyd cover)
  • November Rain
  • Black Hole Sun (Soundgarden cover)
  • Knockin’ on Heaven’s Door (Bob Dylan cover)
  • Nightrain

Encore:

  • Patience
  • Don’t Cry
  • The Seeker (The Who cover)
  • Paradise City
At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

UAE currency: the story behind the money in your pockets
Paatal Lok season two

Directors: Avinash Arun, Prosit Roy 

Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong

Rating: 4.5/5