Hub71, Abu Dhabi’s renowned global tech ecosystem, has announced the introduction of its first cohort of startups for 2023. This cohort features 15 diverse and innovative companies operating in priority sectors such as HealthTech, FinTech, and EdTech. The selection process was highly competitive, with Hub71 witnessing a remarkable 70% increase in applications compared to the previous cohort.
An impressive 67% of the selected startups are based outside the UAE, highlighting the growing international appeal of Abu Dhabi as a robust startup innovation hub. The city offers tech entrepreneurs access to capital, a thriving community, and a business-friendly environment conducive to their growth and success.
Ahmad Ali Alwan, Deputy CEO of Hub71, emphasized the rigorous selection process, stating that each startup was chosen based on its unique capabilities and potential to become successful global tech company rooted in Abu Dhabi.
The 15 startups joining Hub71’s ecosystem this year hail from various countries, including the UAE, the United States, New Zealand, Egypt, the Netherlands, and the United Kingdom. This addition expands Hub71’s vibrant community to over 240 startups, further enriching the ecosystem’s collaborative and dynamic environment.
The selected startups bring innovative solutions to the table. Here’s a closer look at each one:
- Cypherleak: Offers a cost-effective risk monitoring solution that enables companies to gain visibility on leaked data, along with providing attack surface management, vulnerability scanning, and risk scoring solutions.
- Elmawkaa: Operates as a marketplace for building materials, leveraging an automated process to connect contractors and engineers with competitive and accurate quotations from vetted suppliers within minutes.
- Exsurgo: Utilizes neuroscience and data analytics to develop non-drug treatments for neurological conditions, offering a promising alternative to traditional pharmaceutical interventions.
- Fuze: A full-stack digital assets infrastructure platform, empowering businesses in the Mena region to integrate compliant embedded experiences for their customers.
- Innovate: Introduces a digital VAT refund solution, revolutionizing the experience for travellers by enabling them to save more than 20% on tax refunds without the hassle of paperwork or airport queues.
- LivLyt: Democratizes access to the latest tech devices through subscription plans, providing a more affordable, flexible, and convenient solution for users.
- Mashvisor: Streamlines real estate investing by consolidating all necessary services into one platform, significantly reducing the time required for research from three months to just 15 minutes.
- MediJobs: Connects highly skilled healthcare professionals with top-tier practices, offering a platform for exclusive networking and job opportunities in their respective areas.
- Ovasave: Leverages innovative solutions to provide women with seamless, integrated, and digitally enabled fertility and egg-freezing services through a carefully curated network.
- Rabbit Mart: Offers a tech-enabled grocery service with hyper-local fulfilment centres, guaranteeing users that their ordered items will always be in stock and ensuring deliveries in under 20 minutes.
- SubsBase: Empowers businesses with recurring payments through its subscription management platform, enabling seamless and efficient lifecycle management of customers.
- Synapse Analytics: A data science, machine learning, and artificial intelligence company that assists organizations in effectively utilizing and monetizing their data through tailored services and products.
- The Editing: Pioneers a compact gene editing system that utilizes endogenous proteins to provide potential cures for life-threatening genetic disorders.
- Qureos: Simplifies the process of mentorship, portfolio building, and job matching for graduates entering the workplace, ensuring a smoother transition into their professional careers.
- Zest Equity: Acts as a platform for venture investors, democratizing access to venture transactions across emerging markets and providing opportunities for growth and collaboration.
Hub71 remains committed to attracting and nurturing startups that possess a competitive edge in building differentiated tech platforms and products. By fostering these innovative ventures that positively impact people’s lives, Hub71 aims to contribute to the economic and social growth of Abu Dhabi while solidifying its position as a leading global innovation hub.
About Author
