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Hub71 selects 16 new startups and supports its community with funding and market access beyond incen

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Abu Dhabi, United Arab Emirates: Hub71, Abu Dhabi’s global tech ecosystem, announces its first cohort of 2021, selecting 16 tech startups from 11 countries and seven sectors out of 150 applicants to join its vibrant community. The number of successful applications reflects an 11 per cent success rate that led to Hub71 selecting its first startups from India, Saudi Arabia, Turkey, Mauritius and South Africa, in addition to its first SpaceTech startup, following the pioneering Emirates Mars Mission and recent selection of the UAE’s first female astronaut.

To ensure the world’s highest potential startups can access the region from the UAE capital, Hub71 selected startups that have collectively raised more than AED 274 million (USD 75 million) in funding from globally renowned institutions including Goldman Sachs and Saudi Aramco Entrepreneurship, and world-leading investors Y Combinator, Draper Associates, 500 Startups, Plug and Play and Techstars. The cohort includes startups developing disruptive technologies such as the world’s first blockchain satellite constellation and the world’s first AI/machine learning-based ideation recommendation and sourcing platform for venue equipment, services, and F&B for events.

“Ukheshe: The Ukheshe Eclipse API is an end-to-end solution for FinTechs, Telcos and banks, designed to deliver cost-effective, quick to market payment products and services that enable customers to pay & get paid. Mauritius/South Africa | FinTech”

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