Abu Dhabi’s technology ecosystem powered by Mubadala Investment Company, Hub71 joins hands with TechWadi, a Silicon Valley-based non-profit organisation building meaningful connections and partnerships for entrepreneurs and investors across Silicon Valley and the MENA region. This partnership further supports Abu Dhabi’s strategy of becoming a global technology ecosystem that encourages Hub71 start-ups to flourish.
Hub71, a key initiative of the economic accelerator programme Ghadan 21, provides global start-ups with a founder-centric global community and supports them with improved access to capital, talent and mentorship, access to market and collaboration opportunities, as well as partnerships with large corporate, regulator and government entities.
The Hub71 and TechWadi programme will allow for cross-border knowledge sharing, investment deal flow and market-access for both ecosystems. US-based start-ups and venture capital (VCs) will gain priority access to Hub71’s ecosystem and incentive programme. While Hub71 start-ups will benefit by gaining direct access to US-based VCs within the TechWadi network, including the likes of Google Venture, 500Startups, Silicon Valley Bank as well as TechWadi network mentors from companies like Apple, Facebook, Google, Palantir, Salesforce and others.
As Hub71 joins hands with TechWadi, Nader Museitif, head of partnerships and business development of Hub71, said, “Our partnership with TechWadi creates value for both our international communities of founders as well as any US start-ups looking for growth opportunities in the Middle East. Companies on both sides will gain support, access to capital and market opportunities to scale their businesses abroad. In our pursuit of staying ahead of the curve, we are continually assessing and improving our offering and quest to help start-ups to thrive.”
As part of the partnership, TechWadi will also host a TechWadi US-Investor Pitch Day for selected Hub71 start-ups who will vie for US-based VCs and investors. As part of Hub71’s global outreach, strategic partner Mubadala Investment Company and its VC arm have also begun linking Hub71 startups to its extensive global network of VCs and portfolio companies.
“Given our focus on growing the entrepreneurial ecosystem in the Middle East and North Africa, and supporting the TechWadi community in Silicon Valley and beyond, we are excited by the partnership with Hub71 and the opportunity to help empower entrepreneurs through access to resources, mentorship, training and access to capital between Silicon Valley and Abu Dhabi. We look forward to the impact that can be created for the entrepreneurial ecosystem,” added Sharif El-Badawi, board member at TechWadi and manager partner at 500 Startups.
Landmark Group held its 12th Beat Diabetes event on Friday, 26 November, atNovember 29, 2021 | By RetailME Bureau
Zebra Technologies Corporation, an innovator at the front line of business withNovember 17, 2021 | By RetailME Bureau
UAE gears up to celebrate this year’s National Day celebrations in the
UAE-based Etisalat Group has signed an agreement with elGrocer, a leading online
Amazon.ae announced that the 11.11 sale is back once again this year
Abu Dhabi Cooperative Society’s COOP City store is now open in Lake
Union Coop, a consumer cooperative in the UAE, revealed that 78% of
Union Coop has opened its 23rd branch within the UAE in Jumeirah
Nando’s has revealed their revamped Sheikh Zayed Road outlet where newcomers and
UAE-based Al Maya Group announced that it will be boosting import of
UAE-based grocery retail chain, Grandiose has opened its first hypermarket in Abu
UAE-based Carrefour announced its theme and plans for Ramadan 2021. The brand
Locally owned supermarket Spinneys celebrates 60 years of doing business in the
UAE-based Carrefour will become the first retailer in the region to offer new levels
The festive shopping season represents a significant portion of retailers’ annual revenue,
Zebra Technologies Corporation, an innovator at the front line of business with
There is a large trust gap between shoppers and retailers, according to
Noon.com announced its biggest ever Yellow Friday Sale running from the 22nd until 28th November. The
The Ministry of Human Resources and Social Development in Saudi Arabia has
eyewa, the online eyewear retailer in the Middle East, today announced its
Extravagant, conceptual, great food and views are some of the ways that
GCC’s online luxury resale marketplace, The Luxury Closet announced that it has
Abu Dhabi’s state investment company ADQ is in talks to invest about $500 million
Shopping philosophies and consumer demands have changed massively in the last couple
The once powerful department stores that anchored malls and streets around the