Abu Dhabi startup ecosystem Hub71 has added a total of 26 startups to its 17th cohort, as per an official press release by the Abu Dhabi Media Office. These startups have been identified as high growth and mark the most AI-intensive cohort for the group.
“The startups joining Cohort 17 reflect the ambition and calibre of founders we are welcoming into our community. Backed by strong funding and building technologies with broad market applications, they are pursuing growth globally. Their decision to build from Abu Dhabi highlights the strength of our ecosystem and its position as a global launchpad for innovation,” said Hub71 CEO Ahmad Ali Alwan.
81% of the startups are focused on AI and are expected to solve issues in healthcare, finance, energy, and ClimateTech.
Cohort 17 startups will be able to access cash-based incentives running up to AED 500,000, and the best-performing startups will be eligible to receive up to AED 1 million. Hub71 is also known for providing an investor network alongside other forms of assistance to help startups capitalize on opportunities and grow.