Hub71 chooses startups for third cohort
Abu Dhabi-based accelerator Hub71 has chosen the 19 startups that will partake in the third cohort of its accelerator programme.
The winning startups operate across 11 sectors, including artificial intelligence (AI) and big data, edtech, agritech and healthtech. These sectors accounted for 30 per cent of applications received, reflecting the demand for these technologies in response to the pandemic and to service future digitised industries. These startups include Swiss-founded 1702ai, UAE-based DoctorsAE, British-founded Algocyte, Egyptian and founded Yanzo, among others.
The new cohort also includes 30 per cent of businesses founded by women, marking a growing number of female founders choosing to immerse themselves in Hub71’s diverse and vibrant community.
“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,” said Hanan Harhara Al Yafei, CEO of Hub71. “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.
“Despite Covid19, we are still growing and managed to attract applicants from 32 countries, which suggests we are doing the right thing at the right time. It’s a testament to our efforts to place the spotlight on Abu Dhabi, especially because of the strong government backing, generous incentives and thriving ecosystem we can offer,” she added.
Each quarter, Hub71’s Selection Committee chooses the most promising startups that meet its criteria to join the global tech ecosystem’s incentivised community, which offers equity-free subsidies including up to 100 per cent free housing, health insurance and WeWork x Hub71 office space for up to three years.
Since its launch in March 2019, Hub71 has grown its startup community to more than 75 global startups benefiting from Hub71’s extensive resources, global reach and community access.