Repeat an year -on -year increase of 44.7 percent of $ 1.5 billion (5.4 billion) in 2023, demonstrating strong investor confidence in Abu Dhabi’s innovation economy.
The income generated by the new companies also rose to $ 1.2 billion (AED4.5bn), above $ 1 billion (AED3.5bn) the previous year, which reflects the commercial traction sustained in the priority sectors.
Hub71 in Abu Dhabi
Duration of the year, Hub71 received more than 3,100 applications from entrepreneurs representing more than 20 countries, highlighting the growing global appetite to build from the capital of the EAU.
Of the 46 new selected companies, approximately more than 70 percent came from international markets, with more than half in the stages of the seed or series A.
The new companies in the United States, the United Kingdom and Germany represented almost 63 percent of cohort 16, which consolidated the reputation of the city as a gateway between the established technological centers and the high growth emerging markets.
Ahmad Ali Alwan, executive director of HUB71, said: “HUB71 began an ambitious idea to allow the founders to build from Abu Dhabi. That idea has since been in a prosperous community of entry, investors and parties.
“The progress captured in this report reflects the strength of our ecosystem and the trust placed by those who believe in the long -term potential of Abu Dhabi.
“As we look to the future, our approach remains to empower the founders and position Abu Dhabi as a global center of technology and innovation.”
The impulse of HUB71 reflects the growing state of Abu Dhabi on the global start map. According to the Global Start Ecosystem report 2024, Emirate is the fastest growing starting starting ecosystem in Mena, with the value of its ecosystem that increases by 28 percent to $ 4.2 billion between mid -2011 and late 2013.
The 2024 classifications of Startupblink placed Abu Dhabi Sexto regional and the second in the EAU, reinforcing their global promotion profile.
Much of this rapid growth has been fed by HUB71, which is promoting transformation throughout the sector through its specialized ecosystems.
The digital assets of HUB71+, HUB71+ Climateetech and the recently launched HUB71+ AI are attracting new companies that are developing shocking solutions for some of the most pressing challenges in the world.
The new companies in the digital asset program have only raised more than $ 100 million, while associations with global technological leaders such as Google, Nvidia, Solana, Hashed and AWS are accelerating on web3, AI, renewable energy and deep technology.
This approach promoted by the sector is also contributing to the development of the strategic economic groups of Abu Dhabi.
From allowing progress in intelligent mobility through the Savi cluster, until progress in sustainable agriculture and food security through the Agwa cluster, HUB71 is playing an active role in the positioning of Abui Susticales.
Capital Access remains a central pillar or the HUB71 strategy. In 2024, Capital Partners deployed $ 65 million (AED238m) in its starting community.
The global technological ecosystem welcomed new investors, including Princeville Capital, The Catalyst and Golden Gate Ventures.
Meanwhile, Tech Barza, the exclusive capital club of HUB71 for family offices, registered its first starting agreement and a 10 percent increase in membership.
To unlock Early-Stage Capital, Hub71 Launched the Angel Investor Support Empowering Five New Angel Networks, Beluding Falcon Valley and Qora71, to facilitation more Early-Stage and Scaling Investabals, Thereby’s Whotalipsss, Buttaby Abinefilies, Buthintablilits of the suphy abinefilsss, buthinthalysss of thermayssss, abyy abinefilathilitysss, Buthintabilsssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssss SSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSEndat Dhabi.
Beyond financing, strategic associations remain a key pillar of the Value proposal of HUB71, playing a fundamental role to help new companies gain traction.
In 2024, the new companies signed 91 corporate agreements with government and private sector partners worth $ 28 million (AED103M), accelerating their ability to climb and market their solutions.
Programs such as the Regulatory Sandbox, developed together with the Department of Economic Development of Abu Dhabi (aggregate), the mobility of Abu Dhabi and the ABU Dhabi Food Security and Safety Authority (Adafsa Section, the UTAL cutting of cutting cutting, food innovation and alternative proteins.
Start success: Abu Dhabi scale impact
In a year marked by an evolutionary financing environment, the new companies HUB71 captured the attention of investors with a reference point that indicates that both the global relationship and the impact of the real world.
Fintech Startup Flapkap, raised $ 34 million (AED124.7m) in pre-series financing to expand its loan solutions promoted by AI throughout the CCG.
Climatetech Pioneer 44.01 obtained $ 37 million (AED135.7m) in the financing of Serie A to climb its CO₂ mineralization technology that transforms the emissions captured in Roca, contributing to global decarbonization.
Meanwhile, Healthtech Biosapien’s innovator closed a $ 5.5M (AED20M) pre-serie to accelerate the clinical trials of his medichip, a 3D printed implant that offered cancer treatment with minimum side effects.
HUB71 is the home of a vibrant community of founders that build new high -impact companies that address global challenges and unlock new markets; Promoted by access to capital, expert support and the specific experience of the sector to attract the best talents and combine the ABU Dhabi innovation agenda.
