Abu Dhabi’s global tech ecosystem, Hub71 has signed a strategic cross-border partnership with the Seoul Metropolitan Government in order to support the international growth and commercial activities of tech startups in the UAE and South Korea.
The strategic partnership is based on mutual support and collaboration, which builds on the robust trade relations established between the two countries.
“Our strategic partnership with Seoul is a significant step towards our commitment to supporting the growth of tech startups in Abu Dhabi. We aim to provide access to international opportunities across the world’s leading tech hubs. We believe our partnership with the Seoul Metropolitan Government will help startups enter the dynamic tech ecosystems of Abu Dhabi and Seoul where they can develop innovative products and solutions that can have a lasting impact. We are confident this collaboration will empower startups to grow and scale globally.”
Hub71 and the Seoul Metropolitan Government will focus on creating cross-border business opportunities for startups with the aim of targeted expansion in both markets.
Through the strategic collaboration, founders will receive comprehensive business setup support, assistance with navigating local regulatory environments, and access to extensive corporate and investment networks to capitalize on market opportunities within their respective ecosystems.
Mr. Kyoung Hwan Park, Director-General of Finance, Investment International Relations Bureau of the Seoul Metropolitan Government, stated that this MoU marks the first step in cooperation between Seoul and Abu Dhabi.”
“Through the strategic partnership with Hub71, Abu Dhabi’s leading global tech ecosystem, we anticipate fostering active exchange to enhance the startup ecosystem within both cities. To that end, Seoul will spare no effort in assisting, promoting collaboration by introducing each other’s ecosystem, supporting the market entry as well as jointly organizing events which foster innovation and entrepreneurial activities in Seoul and Abu Dhabi,” Mr. Hwan Park added.