An extensive relationship between Hub71, the global innovation hub of Abu Dhabi, and GetFundedAfrica, a digital-enabled marketplace that connects entrepreneurs with investors (VCs & Angels), businesses, and the government to help the growth of innovative companies, has been announced.
Announced during GITEX Global 2022 in Dubai, the new cross-border programme aims to provide a soft-landing for Hub71 startups seeking to expand into Africa, and for startups in the continent seeking to enter the UAE and the Middle East region from Abu Dhabi.
From receiving local company setup assistance to licensing and bank account opening, startups will gain support from both Hub71 and GetFundedAfrica with introductions to potential customers and investors through their respective networks of corporate partners and investment funds.
The partnership also aims to enhance Hub71’s ability to identify and attract Africa’s most promising startups while offering founders in its vibrant community referrals to GetFundedAfrica as a dedicated entry point to the African marketplace. Additionally, UAE startups will be able to utilise the Ogun Technology Hub as a soft-landing entry point into sub-Saharan Africa. Deepening the talent pool, both Hub71 and GetFundedAfrica will also provide startups with access to local universities to unlock young and highly skilled talent in their respective markets.
Badr Al Olama, Acting Chief Executive Officer of Hub71, said, “Forming a partnership with a dynamic organization like GetFundedAfrica reinforces our commitment on enabling startups to expand from Abu Dhabi into new high-growth markets in Africa. This new partnership facilitates cross-border investments, enables access to competitive and highly skilled talent, and brings new opportunities in untapped markets that are at the advent of technological transformation.”
Debo Omololu, CEO and Co-Founder of GetFundedAfrica, commented, “The partnership with Hub71 helps African companies become global players leveraging a global ecosystem developed in Abu Dhabi. On the same note, UAE based companies are able to access opportunities in Africa through a transparent cross-border ecosystem developed by GetFundedAfrica. Partnerships like this pave the way for long-term growth in our mutual economies.”
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