UAE-based IT services leader Injazat and Abu Dhabi’s Tech Startup ecosystem Hub71 have established a new association to advance the commercial development of local startups and to expedite the acceptance of advanced technologies by large enterprises in the UAE.
Under the deal, Mubadala-owned, Injazat will serve as a technology enabler and accelerator, joining its diverse portfolio of corporate and government clients with chosen startups operating under Hub71, working with them to advance innovative technological solutions to facilitate their digital transformation and address specific necessities of each client.
The alliance will focus on developing agile value chain capabilities and bringing ecosystem diversity to aid Injazat’s clients, through solutions enabled by the latest emerging technologies.
Hub71 is a key flagship initiative of the Abu Dhabi Government’s Ghadan 21 economic accelerator program which presents an optimal environment for global transformative tech companies attempting to grow globally.
The agreement aims to assist corporates in recognizing the latest technologies that will align with their digital transformation plans. Startups chosen to participate will be given with a framework for mutual IP commercialization, co-operating with Injazat to expedite the development and take their solutions to market. Startups will operate closely with Injazat and its partners, across industry verticals, developing methodologies to support clients in optimizing operations, hastening innovation and building new lines of business.
The arrangement is in line with Injazat’s ambition to render holistic digital solutions for corporates and to promote innovation in B2B solutions. Through working and productizing with UAE-based startups, Injazat strives to expand the portfolio of solutions that are available through its UAE-hosted cloud platform, as part of its wider offering for enterprise customers.
The firm will host innovation workshops with new and existing enterprise and government customers, assessing the specific opportunities for startups within their respective organizations. Elected Hub71 startups, with solutions in relevant areas, will then be requested to participate in innovation hackathons, roundtables and other events hosted by Injazat at Hub71, to understand capabilities that can generate solutions to meet each client’s specific business needs.
Hub71 will offer workspaces for innovation projects and incentives for startups as part of its Hub71 Incentive Program.
InGenuis, Injazat’s Innovation Lab will be the bedrock of this association acting as the springboard from which startups will be given assistance and guidance to realize their ideas and solutions to life.
Khaled Al Melhi, CEO – Injazat.
“At Injazat we are always seeking to create innovative technology solutions that address our customers’ business challenges, and there is tremendous demand among our corporate customers for innovation that can deliver economic opportunities, especially given the current climate, which sees organizations recognizing the need to innovate more than ever before.”
“This unique engagement with Hub71 will allow us to identify the most promising local startups, bringing solutions that are most relevant to our customers, working with them to provide insights, guidance, expertise, and to create viable solutions that are ready for business. In turn, our enterprise customers are able to leverage cutting-edge technologies, made possible by the agility of a startup, backed by the strength of an established partner such as Injazat.”
Ibrahim Ajami, Interim CEO – Hub71
“Organizations who are yet to fully embrace digitization are seeing the impact of the COVID-19 pandemic more readily. Today, more than ever, the internet and digitization of enterprises are core to every business model and strategy. We are proud to welcome ICT and digital solutions provider, Injazat, to Hub71’s growing community to further attract and enable startups with ICT, IoT and B2B software technologies to service growing industries.”
“Startups are natural problem-solvers and are innovative by design. Their digital solutions can address global real-life challenges and stubborn pain points. Through our partnership with Injazat, Hub71 startup founders will now have access to valuable market insights as well as significant business opportunities to grow their products and offerings.”
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