Hub71, Abu Dhabi's global tech ecosystem, has announced the inclusion of 21 innovative startups in its 15th cohort, raising the total number of supported ventures to 243. This latest cohort has collectively secured USD 134.9 million in funding, highlighting Hub71's success in attracting high-potential startups poised to drive technological innovation across Abu Dhabi's diversified economy.

Selection Process and Funding

The 21 startups were meticulously chosen from over 1,228 applications, with 80 percent of the selected ventures headquartered outside the UAE. This international representation underscores Hub71's ability to attract global talent and reinforces Abu Dhabi's appeal as a preferred global tech hub. The cohort includes startups from various countries, including the USA, United Kingdom, France, and Germany, demonstrating a diverse and robust international presence.

Notable Startups and Sectors

Among the notable startups joining Hub71's Access program is EpiBone, a US-based health tech company that has raised $43 million in funding. EpiBone focuses on regenerative medicine, utilizing AI, 3D fabrication, and stem cell technology for bone and cartilage repair. Another standout is Partanna Oasis, a material science company co-founded by NBA legend Rick Fox, which has secured $26 million in funding. Partanna Oasis specializes in carbon-negative concrete, contributing to sustainable building practices.

Additionally, UK-based Greengage, offering Web3 FinTech solutions for SMEs and family offices, has raised $10 million and will join the Hub71+ Digital Assets ecosystem. These startups will establish operations in Abu Dhabi, further solidifying the city's status as a leading global tech hub and a preferred destination for entrepreneurial growth.

Early-Stage Ventures and Sector Diversity

More than half of Cohort 15 consists of Seed and Series A startups, demonstrating Hub71's ability to scale ventures from early stages. The selected startups operate in seven sectors, including FinTech, ClimateTech, HealthTech, EdTech, and Mobility & Logistics. These sectors are crucial for building the resilience and sustainable growth of Abu Dhabi's economy.

One notable addition to the Access program is Autone, a US-based logistics company offering an inventory management system that integrates AI to provide real-time data and decision intelligence for enterprises. Autone has secured $4.8 million in funding.

Hub71+ ClimateTech and Digital Assets

Seven startups in the cohort will join Hub71+ ClimateTech, where they will have access to tailored resources and support packages designed to enable their mission of shaping a more sustainable future. Among these startups is Plenesys, a French company creating innovative solutions to produce clean hydrogen without CO2 emissions. Plenesys achieves this through plasma methane pyrolysis of natural gas or biomethane, at a 50 percent lower cost than electrolysis. The company has recently secured $3 million in funding.

Meanwhile, five startups are set to join Hub71+ Digital Assets, a specialist ecosystem focused on unleashing the growth potential of Web3 and digital assets. This increases the total number of startups in the specialist ecosystem to 22. Among the startups joining is Norway-based Gateway.fm, a distributed blockchain infrastructure that automates and provides enterprises with turnkey solutions for deploying private blockchains and infrastructure. Gateway.fm has raised $6 million in funding.

Benefits and Support

By joining Hub71's Access and Hub71+ specialist ecosystems, startups will tap into a vibrant community of mentors, partners, and investors within Abu Dhabi's thriving technology ecosystem. They will gain access to market opportunities, top talent, and capital, significantly enhancing their prospects of securing commercial deals, attracting investment, and driving market growth.

Additionally, startups will benefit from up to AED 250,000 worth of in-kind incentives and AED 250,000 in cash for equity, through a SAFE note. High-performing startups will also be eligible to receive a top-up of up to AED 250,000 in exchange for additional equity upon completing the program.

The inclusion of these 21 startups in Hub71's 15th cohort marks a significant milestone in Abu Dhabi's journey towards becoming a global tech hub. With a diverse range of sectors and substantial funding, these startups are poised to drive technological innovation and contribute to the sustainable growth of Abu Dhabi's economy. Hub71's continued support and resources will enable these ventures to thrive, further solidifying the UAE capital's status as a preferred destination for entrepreneurial growth.