Hub71's startups, including Indian ventures, valued at AED 5.87 billion in latest report

The latest valuation of AED 5.87 billion underscores the significant economic impact of Indo-UAE collaboration in the tech sector, showcasing Hub71 as a vital ecosystem for startups.

Sources:
The Economic Times
Updated 2h ago
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Sources: The Economic Times
Hub71, launched in 2019, has rapidly emerged as a key player in the Middle East's tech landscape, supporting startups through substantial funding opportunities. The ecosystem includes over 30 venture capital firms and commercial partners, enhancing the potential for innovation and growth.

According to Hub71, the total valuation of its startups, which includes significant contributions from Indian ventures, is now AED 5.87 billion. This figure underscores the economic impact of the collaboration between India and the UAE within the tech sector.

The support provided by Hub71 is comprehensive, offering incentives such as AED 250,000 in-kind and cash, along with additional funding for high-achieving startups. This multifaceted approach aims to foster a thriving entrepreneurial environment, further solidifying Hub71's role in enhancing Indo-UAE ties in technology and innovation.
Sources: The Economic Times
Abu Dhabi's Hub71, a burgeoning tech ecosystem, reports that its startups, including Indian ventures, are collectively valued at AED 5.87 billion. The initiative, part of the UAE's Ghadan 21 program, aims to enhance innovation and entrepreneurship while strengthening Indo-UAE ties in the tech sector.
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The Headline

Indo-UAE collaboration and startup valuation

Key Facts
  • Hub71 has emerged as a key player in strengthening Indo-UAE ties in technology and startups.The Economic Times
  • Aggregate valuation of Hub71 startups, including Indian ventures, has reached AED 5.87 billion.
Key Stats at a Glance
Aggregate valuation of Hub71 startups including Indian ventures
5.87 billion AED
The Economic Times
Background Context

Background on Hub71's launch and funding

Key Facts
  • Hub71 was launched in 2019 as part of the UAE's Ghadan 21 economic program aimed at diversification.The Economic Times
  • Hub71's key advantage lies in connecting startups to over 30 funding sources, enhancing their growth potential.The Economic Times
Key Stats at a Glance
Number of funding sources connected to Hub71 startups
30
The Economic Times
Total financial incentives for high-achieving startups
750,000 AED
The Economic Times
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