Start-ups at Hub71 raised nearly $1.22 billion in funding globally. Photo: Hub71
Start-ups at Hub71 raised nearly $1.22 billion in funding globally. Photo: Hub71
Start-ups at Hub71 raised nearly $1.22 billion in funding globally. Photo: Hub71
Start-ups at Hub71 raised nearly $1.22 billion in funding globally. Photo: Hub71

Abu Dhabi’s Hub71 selects 15 start-ups to join its growing tech system


Fareed Rahman
  • English
  • Arabic

Abu Dhabi’s Hub71 has selected 15 start-ups to join its tech system, increasing the total number of start-ups at the technology hub to 240.

The latest companies to join Hub71 represent various sectors including HealthTech, FinTech and EdTech and come from different countries including the UAE, US, New Zealand, Egypt, the Netherlands and the UK, Hub71 said in a statement on Thursday.

“Each start-up has undergone a rigorous selection process, having been selected based on their unique capabilities and potential to grow as a global tech company out of Abu Dhabi,” said Ahmad Alwan, deputy chief executive of Hub71.

“By attracting and scaling start-ups with solutions that make a difference in people’s lives, we aim to make an impact on Abu Dhabi’s economy and society and continue bolstering its position as a leading global innovation hub.”

Hub71, which is backed by the Abu Dhabi government and sovereign wealth fund Mubadala Investment Company, supports the growth and development of tech start-ups at all stages with incentives and access to investors, corporations, government entities and academic institutions.

Start-ups at the hub raised nearly Dh4.5 billion ($1.22 billion) in funding globally until the end of 2022, Mr Alwan told The National in March.

Hub71 more than doubled its start-up numbers to over 200 last year, securing 41 deals with corporate partners worth Dh160 million, he said.

More than 900 jobs have been created since Hub71's inception, he added.

Among the new companies joining the hub in its first cohort of this year are Exsurgo, which delivers non-pharmaceutical treatments for neurological conditions using neuroscience and data analytics; Ovasave, a start-up that provides women with access to fertility and egg-freezing services through a vetted network; Subsbase, which simplifies recurring payments for businesses; and Inovat, a digital value added tax refund solution.

Hub71 received 70 per cent more applications to join its start-up community compared to the previous cohort, including a significant increase in high-quality early-stage start-ups, it said.

List of start-ups joining Hub71

♦ Cypherleak, a cyber risk monitoring solution

♦ Elmawkaa, an automated marketplace for building materials

♦ Exsurgo, a neuroscience and data analytics company

♦ Fuze, a full-stack digital assets infrastructure platform

♦ Inovat, a digital VAT refund solution

♦ LivLyt, a subscription platform for tech devices

♦ Mashvisor, a platform that combines services for real estate investing

♦ MediJobs, a professional network for healthcare professionals

♦ Ovasave, a tech platform that provides women access to fertility services

♦ Rabbit Mart, a grocery service with tech-enabled, hyper-local fulfilment centres

♦ SubsBase, a subscription management platform for recurring payments

♦ Synapse Analytics, a data science, machine learning and AI company

♦ The Editing, a compact gene editing system

♦ Qureos, a mentorship platform for graduates transitioning to the workplace

♦ Zest Equity, a platform for all venture investors across emerging markets

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The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

Three-day coronation

Royal purification

The entire coronation ceremony extends over three days from May 4-6, but Saturday is the one to watch. At the time of 10:09am the royal purification ceremony begins. Wearing a white robe, the king will enter a pavilion at the Grand Palace, where he will be doused in sacred water from five rivers and four ponds in Thailand. In the distant past water was collected from specific rivers in India, reflecting the influential blend of Hindu and Buddhist cosmology on the coronation. Hindu Brahmins and the country's most senior Buddhist monks will be present. Coronation practices can be traced back thousands of years to ancient India.

The crown

Not long after royal purification rites, the king proceeds to the Baisal Daksin Throne Hall where he receives sacred water from eight directions. Symbolically that means he has received legitimacy from all directions of the kingdom. He ascends the Bhadrapitha Throne, where in regal robes he sits under a Nine-Tiered Umbrella of State. Brahmins will hand the monarch the royal regalia, including a wooden sceptre inlaid with gold, a precious stone-encrusted sword believed to have been found in a lake in northern Cambodia, slippers, and a whisk made from yak's hair.

The Great Crown of Victory is the centrepiece. Tiered, gold and weighing 7.3 kilograms, it has a diamond from India at the top. Vajiralongkorn will personally place the crown on his own head and then issues his first royal command.

The audience

On Saturday afternoon, the newly-crowned king is set to grant a "grand audience" to members of the royal family, the privy council, the cabinet and senior officials. Two hours later the king will visit the Temple of the Emerald Buddha, the most sacred space in Thailand, which on normal days is thronged with tourists. He then symbolically moves into the Royal Residence.

The procession

The main element of Sunday's ceremonies, streets across Bangkok's historic heart have been blocked off in preparation for this moment. The king will sit on a royal palanquin carried by soldiers dressed in colourful traditional garb. A 21-gun salute will start the procession. Some 200,000 people are expected to line the seven-kilometre route around the city.

Meet the people

On the last day of the ceremony Rama X will appear on the balcony of Suddhaisavarya Prasad Hall in the Grand Palace at 4:30pm "to receive the good wishes of the people". An hour later, diplomats will be given an audience at the Grand Palace. This is the only time during the ceremony that representatives of foreign governments will greet the king.

Our family matters legal consultant

Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

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Cost: 1.05 billion pounds (Dh 4.8 billion)

Number in service: 6

Complement 191 (space for up to 285)

Top speed: over 32 knots

Range: Over 7,000 nautical miles

Length 152.4 m

Displacement: 8,700 tonnes

Beam:   21.2 m

Draught: 7.4 m

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Max touring range: 620km / 590km
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On sale: Later this year
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Marathon results

Men:

 1. Titus Ekiru(KEN) 2:06:13 

2. Alphonce Simbu(TAN) 2:07:50 

3. Reuben Kipyego(KEN) 2:08:25 

4. Abel Kirui(KEN) 2:08:46 

5. Felix Kemutai(KEN) 2:10:48  

Women:

1. Judith Korir(KEN) 2:22:30 

2. Eunice Chumba(BHR) 2:26:01 

3. Immaculate Chemutai(UGA) 2:28:30 

4. Abebech Bekele(ETH) 2:29:43 

5. Aleksandra Morozova(RUS) 2:33:01  

Pari

Produced by: Clean Slate Films (Anushka Sharma, Karnesh Sharma) & KriArj Entertainment

Director: Prosit Roy

Starring: Anushka Sharma, Parambrata Chattopadhyay, Ritabhari Chakraborty, Rajat Kapoor, Mansi Multani

Three stars

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Results

4.30pm Jebel Jais – Maiden (PA) Dh60,000 (Turf) 1,000m; Winner: MM Al Balqaa, Bernardo Pinheiro (jockey), Qaiss Aboud (trainer)

5pm: Jabel Faya – Maiden (PA) Dh60,000 (T) 1,000m; Winner: AF Rasam, Tadhg O’Shea, Ernst Oertel

5.30pm: Al Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 2,200m; Winner: AF Mukhrej, Tadhg O’Shea, Ernst Oertel

6pm: The President’s Cup Prep – Conditions (PA) Dh100,000 (T) 2,200m; Winner: Mujeeb, Richard Mullen, Salem Al Ketbi

6.30pm: Abu Dhabi Equestrian Club – Prestige (PA) Dh125,000 (T) 1,600m; Winner: Jawal Al Reef, Antonio Fresu, Abubakar Daud

7pm: Al Ruwais – Group 3 (PA) Dh300,000 (T) 1,200m; Winner: Ashton Tourettes, Pat Dobbs, Ibrahim Aseel

7.30pm: Jebel Hafeet – Maiden (TB) Dh80,000 (T) 1,400m; Winner: Nibraas, Richard Mullen, Nicholas Bachalard

UAE currency: the story behind the money in your pockets
ICC men's cricketer of the year

2004 - Rahul Dravid (IND) ; 2005 - Jacques Kallis (SA) and Andrew Flintoff (ENG); 2006 - Ricky Ponting (AUS); 2007 - Ricky Ponting; 2008 - Shivnarine Chanderpaul (WI); 2009 - Mitchell Johnson (AUS); 2010 - Sachin Tendulkar (IND); 2011 - Jonathan Trott (ENG); 2012 - Kumar Sangakkara (SL); 2013 - Michael Clarke (AUS); 2014 - Mitchell Johnson; 2015 - Steve Smith (AUS); 2016 - Ravichandran Ashwin (IND); 2017 - Virat Kohli (IND); 2018 - Virat Kohli; 2019 - Ben Stokes (ENG); 2021 - Shaheen Afridi

'Nightmare Alley'

Director:Guillermo del Toro

Stars:Bradley Cooper, Cate Blanchett, Rooney Mara

Rating: 3/5

Updated: June 22, 2023, 1:55 PM`