The global tech ecosystem of Abu Dhabi, Hub71 has announced the latest cohort of startups chosen to join its rapidly increasing startup community, with a growing number of startups led by female founders.
The successful startups selected from hundreds of applicants would benefit from the incentive program of Hub71, which lowers the cost of living and the cost of starting up businesses for entrepreneurs looking to grow their businesses in the area.
Hub71 has chosen 19 new startups with headquarters in nine countries, specializing in 11 industries, including AI and Big Data, EdTech, AgriTech and HealthTech. The new cohort includes 30 percent of women-founded companies, marking a rising number of women entrepreneurs who chose to immerse themselves in the diverse and vibrant culture of Hub71.
Hub71 has extended its start-up community to more than 75 global start-ups since its launch in March 2019, allowing them to benefit from the extensive capital, global reach and community access of Hub71.
“The diverse nature of our latest cohort of Hub71 startups reflects our commitment to boosting Abu Dhabi’s global appeal as a world-leading tech hub suited to the best and brightest startups from around the world. Each successful startup has demonstrated remarkable resilience during the pandemic, either pivoting or striving tirelessly to meet their customers’ needs during unprecedented times, and I am particularly pleased to see that almost half of the intake are UAE-based, and increasingly female entrepreneurs are finding a home within our community to make their businesses soar”.
Hasna Ahmed, Founder and CEO of DoctorsAE stated, “As an Emirati-owned HealthTech startup, joining the Hub71’s global ecosystem was the best place for our innovative business to succeed and inspire. What attracted us most are the opportunities presented by Hub71 and becoming part of one of the world’s most powerful technology hubs where growing tech companies like ours would be given the chance to expand and scale globally”.
“Being based in Abu Dhabi gives us an edge, as it has continuously proved to the world that it is among the best places to live in terms of quality of life, along with the added benefit of expanding into the MENA region and globally. Doctors Group Ltd.’s advocacy has always been to build a better future through technology. We envisioned ourselves to contribute to the UAE’s aim of being a world leader and through Hub71, we were able to reach the Egypt market, allowing us to fulfill our mission and enhance people’s wellbeing by promoting a healthier environment, in mind, body and soul,” she further added.
Each quarter, the selection committee of Hub71 selects the most successful startups that meet its requirements to join the incentivized group of the global tech ecosystem, which provides equity-free subsidies for up to three years. The subsidy includes up to 100 percent free housing, health insurance and WeWork x Hub71 office room.
Some of the successful start-ups included in the cohort are,
- 1702ai: The precise SaaS Weapon Detector that uses existing security cameras powered by the latest AI and Deep Learning algorithms.
- Mental: UAE-based virtual reality platform that enables businesses from anywhere in the world to simulate the work and training environment.
- Algocyte: The first self-monitoring blood count home device that uses AI to analyze blood within five minutes.
- WhiteBox: It is a woman-founded initiative, which produces predictive insights, bias-free, at any point of the talent lifecycle to simplify the process for companies to determine who to recruit, engage or retain.
- Yanzo: A virtual assistant, founded by an Egyptian woman entrepreneur which can be used to book, purchase, locate, and deliver services whether it is for shopping, running orders and making travel arrangements.