Abu Dhabi’s global tech ecosystem, Hub71 has entered into a partnership with GetFundedAfrica in order to expand the market reach of the emirate and Africa-based technology startups through a new cross-border program.
The new cross-border program aims to provide a soft landing for Hub71 startups seeking to expand into Africa, and for startups in the continent seeking to penetrate the UAE and the Middle East region from Abu Dhabi.
According to the statement, “From receiving local company setup assistance to licensing and bank account opening, startups will gain support from both Hub71 and GetFundedAfrica with introductions to potential customers and investors through their respective networks of corporate partners and investment funds.”
“Forming a partnership with a dynamic organization like GetFundedAfrica reinforces our commitment to enabling startups to expand from Abu Dhabi into new high-growth markets in Africa. This new partnership facilitates cross-border investments, enables access to competitive and highly skilled talent, and brings new opportunities in untapped markets that are at the advent of technological transformation.”
The partnership also aims to enhance Hub71’s ability to identify and attract Africa’s most promising startups while offering founders in its vibrant community referrals to GetFundedAfrica as a dedicated entry point to the African marketplace. Additionally, UAE startups will be able to utilize the Ogun Technology Hub as a soft-landing entry point into sub-Saharan Africa.
“Deepening the talent pool, both Hub71 and GetFundedAfrica will also provide startups with access to local universities to unlock young and highly skilled talent in their respective markets,” as per the statement.
Mr. Debo Omololu, CEO & Co-Founder of GetFundedAfrica, commented that “the partnership with Hub71 helps African companies become global players leveraging a global ecosystem developed in Abu Dhabi.”
“On the same note, UAE-based companies can access opportunities in Africa through a transparent cross-border ecosystem developed by GetFundedAfrica. Partnerships like this pave the way for long-term growth in our mutual economies,” Mr. Omololu added.