Global tech ecosystem Hub71 has joined forces with the Abu Dhabi Investment Office to facilitate the scale-up of early-stage tech start-ups through fresh investment.
Hub71’s Innovation Programme will offer a “robust and competitive environment” for start-ups to access new capital and incentives from public as well as private companies, the entities said in a joint statement on Wednesday.
“Capital is an instrumental enabler that unlocks our start-ups’ growth,” Ibrahim Ajami, interim chief executive of Abu Dhabi-based Hub71, said.
“We are committed to supporting tech start-ups by leveraging the network of partners that back our mission and strive to provide opportunities to access funding or grants,” added Mr Ajami, who is also the head of ventures and growth at Mubadala Investment Company, Abu Dhabi’s sovereign wealth fund.
The new partnership aims to support Hub71's The Outliers programme. Launched in March,. the programme connects selected start-ups with the emirate's companies, particularly those under Mubadala and industrial holding firm ADQ, as well as local and federal government agencies, to increase their market access.
“The Outliers paves the way for start-ups with proven products to work alongside our corporate and government partners … to help them integrate innovation into their business models. Now is the time to apply and get the backing of powerful entities that want to help start-ups develop sustainable POCs [proof of concepts] that can go-to-market,” said Mr Ajami.
Start-ups worldwide can apply for The Outliers programme until July 1. Successful start-ups will gain access to up to $27,000 worth of funding for POCs, other benefits, in addition to partnership contracts and the chance to join Hub71’s community to benefit from its incentives, programmes and global partners.
Start-ups are key to Abu Dhabi’s economy, “both in terms of economic benefit as well as the bold ideas and ambition they bring to the business ecosystem”, Dr Tariq Bin Hendi, Adio’s director general, said.
“The government plays a critical role in creating an environment where businesses are supported to succeed, and at ADIO, we are investing maximum resources and efforts to ensure innovative start-ups can successfully scale up from Abu Dhabi,” added Mr Hendi.
At the end of last year, Hub71 and Adio hosted a demo day for the Hub71’ start-ups to pitch for cash grants from Adio. Following a screening process by an investment committee, 10 start-ups received grants worth more than Dh10 million ($2.7m) to accelerate the development of their innovative solutions.
More than 15 local, regional and international venture capital funds are based at Hub71 with $1.72 billion in assets under management.
Hub71 is a flagship initiative of the Dh50bn Ghadan 21 economic stimulus programme and was founded by the Abu Dhabi government, Mubadala, Abu Dhabi Global Market, Microsoft and SoftBank.
It has positioned the UAE capital as an innovation hub and attracted start-ups in sectors that are crucial to the country's growth, such as agriculture, technology, health care and renewable energy.
MATCH INFO
Maratha Arabians 107-8 (10 ovs)
Lyth 21, Lynn 20, McClenaghan 20 no
Qalandars 60-4 (10 ovs)
Malan 32 no, McClenaghan 2-9
Maratha Arabians win by 47 runs
Ms Yang's top tips for parents new to the UAE
- Join parent networks
- Look beyond school fees
- Keep an open mind
PRISCILLA
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Learn more about Qasr Al Hosn
In 2013, The National's History Project went beyond the walls to see what life was like living in Abu Dhabi's fabled fort:
Sunday's games
Liverpool v West Ham United, 4.30pm (UAE)
Southampton v Burnley, 4.30pm
Arsenal v Manchester City, 7pm
Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
If you go
The flights
Emirates and Etihad fly direct to Nairobi, with fares starting from Dh1,695. The resort can be reached from Nairobi via a 35-minute flight from Wilson Airport or Jomo Kenyatta International Airport, or by road, which takes at least three hours.
The rooms
Rooms at Fairmont Mount Kenya range from Dh1,870 per night for a deluxe room to Dh11,000 per night for the William Holden Cottage.
England XI for second Test
Rory Burns, Keaton Jennings, Ben Stokes, Joe Root (c), Jos Buttler, Moeen Ali, Ben Foakes (wk), Sam Curran, Adil Rashid, Jack Leach, James Anderson
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Thank You for Banking with Us
Director: Laila Abbas
Starring: Yasmine Al Massri, Clara Khoury, Kamel El Basha, Ashraf Barhoum
Rating: 4/5
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
Gertrude Bell's life in focus
A feature film
At one point, two feature films were in the works, but only German director Werner Herzog’s project starring Nicole Kidman would be made. While there were high hopes he would do a worthy job of directing the biopic, when Queen of the Desert arrived in 2015 it was a disappointment. Critics panned the film, in which Herzog largely glossed over Bell’s political work in favour of her ill-fated romances.
A documentary
A project that did do justice to Bell arrived the next year: Sabine Krayenbuhl and Zeva Oelbaum’s Letters from Baghdad: The Extraordinary Life and Times of Gertrude Bell. Drawing on more than 1,000 pieces of archival footage, 1,700 documents and 1,600 letters, the filmmakers painstakingly pieced together a compelling narrative that managed to convey both the depth of Bell’s experience and her tortured love life.
Books, letters and archives
Two biographies have been written about Bell, and both are worth reading: Georgina Howell’s 2006 book Queen of the Desert and Janet Wallach’s 1996 effort Desert Queen. Bell published several books documenting her travels and there are also several volumes of her letters, although they are hard to find in print. Original documents are housed at the Gertrude Bell Archive at the University of Newcastle, which has an online catalogue.
RedCrow Intelligence Company Profile
Started: 2016
Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel
Based: Ramallah, Palestine
Sector: Technology, Security
# of staff: 13
Investment: $745,000
Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors
MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
Warlight,
Michael Ondaatje, Knopf
