I am thrilled to announce the kickoff of the class of 2020 at the Techstars Hub71 Accelerator. Techstars Hub71, MENA’s leading accelerator program,starts today, January 27, 2020, with our Demo Day grand finale to be held on April 20, 2020. We are looking forward to three months of world class programming, helping startups reach their potential and scale fast, in what promises to be a transformative experience for our founders.
Working hand in hand with our partners at Hub71, our mission is to support and help grow these 10 promising startups to be highly scalable champions in their niche industry sectors. Leveraging the UAE’s ecosystem and Techstars worldwide network, the next 90 days will be filled with mentoring, pitching, and growth-hacking with the help of high calibre mentors and our corporate partner. The investor community too, is an integral piece to supporting our companies to scale.
Through our strong commitment to diversity we attract global talent, with our 2020 class of founders representing over one dozen nationalities. The ten participating in our inaugural are joining us in the UAE from various cities including Athens, Ankara, Dublin, Budapest, Minneapolis, San Francisco, Vancouver, the United Kingdom and the United Arab Emirates itself. Their founders will spend the 3 months with full immersion in our program in Abu Dhabi supported by a global pool of over 80 mentors representing a rich diversity of talent.
Our accelerator program is located at WeWork X Hub71, a thriving entrepreneurial community with world class facilities and beautiful vistas, known as Abu Dhabi’s premier Innovation hub. This furthers Hub71’s commitment as a global tech ecosystem located in the heart of the United Arab Emirates’ capital city that brings together key enablers for startups to succeed.
This program would not be possible without the generous support and amazing energy of our associates, mentors, investors, alumni and global partners. Special thanks to the team at Hub71 and the government of Abu Dhabi for their true commitment to the success of our partnership.
Our program is industry agnostic and represents companies with diverse technology applications from biotechnology to health care to enterprise software. I now have the pleasure of announcing the class of 2020 at the Techstars Hub71 Accelerator :
The first B2B marketplace to sell SME medical manufacturers product to distributors and healthcare providers, we match between distributors and manufacturers using tagging Crawler, algorithm and generate online sale from healthcare providers.
Innovative Duty Free Digital Platform that enables air travellers to complete a duty free purchase online at anywhere and anytime.
DeFiner is a non-custodial financial institution for digital asset investments, loans, savings, and payments.
SaaS that enables e-commerce retailers to sell their products in 3D & AR on their websites and apps
Educhain is enabling global mobility for students and professionals through shareable and verifiable digital credentials.
Hydro Wind Energy
Developing a disruptive technology to desalinate seawater into potable fresh water using subsea pressure, reverse osmosis membranes and low altitude wind using kites, eliminating entirely the need to use fossil fuels for water desalination and reducing costs by over 95%
We are a unique deep-tech company that focuses on curbing plastic pollution and working on integrating the plastic life cycle into a circular economy model. Our groundbreaking invention can steer the odds to our planet’s favor: we are able to make non-biodegradable plastics biodegrade. We work with the force of nature: our plastic eating organisms operate at room temperature, and can degrade plastics without pre-treatment, making the process ecologically friendly. Currently with our microcosmos we can degrade 63,1% of globally produced plastics, and our research focuses on bringing all plastics under our umbrella, starting with the most common pollutants, single use plastics.”
Sensgreen provides AI powered indoor environmental comfort solutions for non-residential buildings.
Sia provides Privacy by Design for sensitive end-to-end communications, including IoT, M2M, chat systems, and more.
An AI-powered hospitality recruitment solution augmented by marketing tools and practices to help companies find, nurture and hire the very best talent.
I am delighted to announce the launch of the Techstars Hub71 Accelerator. Based in Abu Dhabi, this new program has a broad appeal and we have a particular liking for startups that are pushing the limits on the use of AI, analog / digital interface, AR / VR / mixed reality, blockchain, cybersecurity, digital media, IoT, payment technologies and robotics.
In 2018, Techstars debuted its first accelerator program in the Middle East, the Techstars Dubai. Accelerator in Partnership with Ginco. With instant success, we attracted numerous applications from over 60 countries around the world. The program saw 19 companies successfully graduated and continue to scale and raise funding. The recent class of 2019 raised an aggregate amount of US17M by Demo Day.
The startup ecosystem in United Arab Emirates has been heating with a number of deals and deal value at all time high. MAGNiTT the leading startup investment report reveals that 238 startup investment deals have taken place in the region in the first half of 2019, amounting to $US 471 million in total new investment. Among the 15 exits this year there was the mega $US 3.1 Billion acquisition of Careem by Uber, the biggest so far for a tech star-up in the region. This has had a ripple effect on the entire regional start-up ecosystem, energizing entrepreneurs and investors. There has been increased investment activities by foriegn VC’s, and local VCs like MEVP have upped their game raising larger fund sizes. The active angel scene in key markets in UAE, such as the Dubai Angel Investors, have helped to narrow the finding gaps in one of the fastest growing regions in the world. I am delighted to be part of this ecosystem helping founders connect with investors and mentors who are all out there riding the technology wave disrupting a pheltora of industry sectors.
I am thrilled to be heading the new Techstars Hub71 Accelerator located in a leading innovation center in the region. Through our partnership with Hub71, the program will leverage its affiliated entities of Mubadala Investment Company, the Abu Dhabi sovereign investment company and Abu Dhabi Investment Office (ADIO), which provides matching platform for start-ups. With extensive portfolio companies in sectors like ICT, healthcare, real estate & infrastructure, petroleum & petrochemical, renewable energy and Utilities, and metals & mining, we hope to provide startups untapped opportunities.
We are looking for exceptional founders addressing disruptive solutions from all corners of the globe. Our program is open to founders who may be enterprise-ready or not, tackling mundane or big, important problems. If you are excited about our program and are seeking our support to grow your company 10x, we encourage you to apply now. We shall close our applications on October 13th 2019. Our 2020 program shall commence on 27th January 2020 and will end on Demo Day, to be held on the 23th of April, 2020.
I look forward to meeting you and listening to your pitches.
Techstars partners with Hub71 to launch Techstars Hub71 Accelerator
BOULDER, Colo. – July 23, 2019 – Techstars, the worldwide network that helps entrepreneurs succeed, today announced the launch of the Techstars Hub71 Accelerator. In partnership with Hub71, an Abu Dhabi-based global technology hub led by Mubadala Investment Company, the new 13-week mentorship-driven accelerator will provide hands-on mentorship and guidance as well as access to Techstars’ worldwide network, to help startups gain traction and accelerate their businesses for global success.
The Techstars Hub71 Accelerator will be based at Hub71 in the capital of the United Arab Emirates, Abu Dhabi, and will be led by tenured Techstars Managing Director, Vijay Tirathrai. For the past two years, Tirathrai has served as Managing Director of the Techstars Dubai Accelerator in Partnership with GINCO and will now add Managing Director of the Techstars Hub71 Accelerator to his repertoire. Tirathrai brings over 30 years of international serial entrepreneurship, business development, investment, and mentorship experience to the program.The Techstars Hub71 Accelerator will accept 10 startups on an annual basis and is open to startups addressing technology innovations across a variety of business verticals.
“The Techstars Hub71 Accelerator combines the strength of Techstars and Hub71’s networks to deliver an extraordinary experience for the founders who will join us next year in Abu Dhabi,” said Tirathrai. “Merging Techstars expertise in startup mentorship and innovation with Mubadala and Hub71’s experience in the world is the perfect recipe for a successful and incredibly impactful program.”
“We are excited to partner with Techstars to launch this mentorship-driven accelerator and look forward to starting the first year of the Techstars Hub71 Accelerator here in Abu Dhabi,” said Ahmad Alwan, Head of Strategy and Corporate Development at Hub71. “We are committed to creating an optimal environment for technology startups right here in Abu Dhabi, where through this program, founders with exceptional ideas and talent will come together. Not only will these startups benefit from hands-on mentorship and exposure to global investors, but they will have the opportunity to join a network of successful and respected Techstars alumni.
Applications for the program open today and will be accepted through October 13, 2019. The program will run from January 2020 to April of 2020 culminating in a demo day in mid April 2020 where the startups will pitch their accelerated business models to investors and industry leaders.
Startups interested in learning more about the program are encouraged to contact Techstars or visit https://techstars.com/programs/techstars-hub71-program/ to learn more.
Techstars is the worldwide network that helps entrepreneurs succeed. Techstars founders connect with other entrepreneurs, experts, mentors, alumni, investors, community leaders, and corporations to grow their companies. Techstars operates three divisions: Techstars Startup Programs, Techstars Mentorship-Driven Accelerator Programs, and Techstars Corporate Innovation Partnerships. Techstars accelerator portfolio includes more than 1,900 companies with a market cap of $22 Billion. techstarsblog.wpengine.com
Hub71 is a global ecosystem located in the heart of Abu Dhabi offering an interconnected network to enable innovation and growth opportunities for transformational tech companies and startups, creating an environment where entrepreneurs can thrive. It is a flagship initiative of the ‘Ghadan 21’ program working to accelerate Abu Dhabi’s economy. Alongside strategic partners Microsoft, SoftBank Vision Fund, Abu Dhabi Global Market and Mubadala, Hub71’s mission is to create an optimal environment for outstanding innovation making economic and social impact. Supported by world-leading technology companies, venture capitalists, and exceptional talent, Abu Dhabi’s Hub71 offers a community of world-class innovators and access to capital required to help start-ups and entrepreneurs develop, scale and build transformational businesses. For more information visit www.hub71.com and follow us on @Hub71AD #Hub71AD.
About Mubadala Investment Company
Mubadala Investment Company actively manages a worldwide portfolio supporting the vision of a globally integrated and diversified economy, through sustainable returns to its shareholder, the Government of Abu Dhabi. Mubadala’s US $225 billion portfolio spans five continents with interests in aerospace, ICT, semiconductors, metals and mining, renewable energy, oil and gas, petrochemicals, utilities, healthcare, real estate, defense services, pharmaceuticals and medical technology, agribusiness and a global portfolio of financial holdings. Mubadala has over a decade of experience of investing in the technology sector, beginning in 2007 when it acquired a significant stake in Advanced Micro Devices (AMD). Mubadala Ventures sits within Mubadala Capital, the company’s financial investment division. With headquarters in San Francisco, California, Mubadala Ventures oversees and manages Mubadala’s $15 billion commitment to the SoftBank Vision Fund. Mubadala is a trusted partner, an engaged shareholder and a responsible global company that is committed to ethics and world-class standards. For more information about Mubadala, please visit: www.mubadala.com