11 new global startups join Hub71 startup accelerator’s incentive program

Abu Dhabi-based global tech ecosystem Hub71 added 11 new global startups to its Incentive Programme’s batch for the second half of the year.

The startup accelerator which opened its doors in March 2019, has chosen over 60 global startups for its Hub71 Incentive Programme to-date. Twenty-one percent of the startups at Hub71 are led by female leaders and there are over 33 different founder nationalities based in the tech ecosystem.

The major new joiners to the Hub71 incentive program include;

1. Bahrain-founded Tarabut Gateway, the first and largest regulated open banking platform that connects a regional network of banks and FinTechs via a universal application programming interface (API).
2. UAE-based Arabee, an Emirati award-winning educational language app that teaches young minds to listen, speak, read and write Arabic with ease
3. Lebanon-founded Mint Basil Market, an AI-enabled health and wellness online platform and
4. US-based Scanalytics, a global leader in IoT and sensors which transform physical spaces like convention halls into smart and responsive environments using predictive consumer behavior analytics a data-science.

“Coming from Chicago, my young family and I are very excited to be moving to Abu Dhabi. Being an IOT and PropTech company, we have been most impressed with the real estate and digital infrastructure in the UAE – from the 5G networks to the UAE’s appetite for new technology and innovative ideas. Using Abu Dhabi as our base, my team and I will take this opportunity to explore new markets in Europe as well as hire tech talent from the top universities in the UAE.”

Vanessa Zuabi, CEO & Co-Founder of Mint Basil Market, added, “Coming from Lebanon to the UAE, Abu Dhabi is the perfect launchpad for our health and wellness business, as there’s much better market access to the entire GCC. Not only is it easier to import a wider range of products, there are more discerning consumers for B2C startups like ours. Being a tech platform, it’s also important for us to be able to hire great talent – and hiring data scientists from or attracting them to the UAE is much easier than anywhere else in the Middle East.”

Startups selected for the Hub71 Incentive Programme gather non-equity subsidies including 100 percent free housing, office space and health insurance for two years for seed companies and 50 percent subsidizes for three years for emergent companies; worth up to $800k per startup.