During Abu Dhabi’s Finance Week, the vibrant tech ecosystem of Abu Dhabi, Hub71, presented its Investor Angels Assistance Pack. This program is designed to boost the growth of angel investor networks and facilitate the establishment of legal investment structures at the heart of Abu Dhabi’s flourishing startup ecosystem. Featuring a financial incentive of 150,000 AED, this set of initiatives aims to simplify access to investments and form investment companies, thus propelling early-stage startups to new heights. With an integrated digital infrastructure for voting and deploying capital, Hub71 unveils a future where investors can easily manage their portfolios and track their investments, ensuring a rapid and efficient evolution of Abu Dhabi’s tech startups.
During the Abu Dhabi Finance Week, the global tech ecosystem Hub71 presented its Investor Angels Assistance Pack, a measure aimed at stimulating the growth of angel investor networks and facilitating the creation of investment structures in Abu Dhabi. This pack, endowed with a financial incentive of 150,000 AED, allows investors to form robust networks and makes it possible to establish investment firms in a favorable environment for emerging startups.
Mohamed Al-Binali, head of value creation at Hub71, emphasized the importance of angel investors in bridging the funding gap for startups. He explained that this support not only strengthens angel investor networks but also encourages investments in early-stage startups, thereby contributing to the rapid growth of companies within Abu Dhabi’s ecosystem.
Through a comprehensive digital framework, Hub71 enables investors to easily manage their portfolios, track their investments, and vote on startup projects.
Al-Binali aspires for this program to bridge existing gaps and help develop specialized networks, such as those in the climate tech and fintech sectors, thereby strengthening Abu Dhabi’s position as a global hub for innovation and entrepreneurial growth.
supporting angel investors in the startup ecosystem in abu dhabi
During Abu Dhabi Finance Week, a highlight for innovators from around the world, the global technology platform, Hub71, presented its ambitious assistance pack for angel investors. This program aims to encourage the development of angel investor networks, thus enabling the formation of legal investment structures within a flourishing startup ecosystem in Abu Dhabi. With a financial incentive of 150,000 AED, the pack not only aids in capital acquisition; it seeks to structure the angel investor ecosystem to bring a new and bold dynamic to early-stage companies. This initiative is a crucial step in bridging the funding gap for emerging startups, thereby reinforcing Abu Dhabi’s position as an essential platform for innovation and entrepreneurial growth.
In order to facilitate voting and funding opportunities for startup projects, Hub71 offers angel investors a fully digital infrastructure. With this innovation, investors can easily manage their portfolios and track each investment with unparalleled efficiency. By simplifying the investment process, the program hopes to trigger an explosion of higher ticket investments, propelling startups to new dimensions of development and financial viability.
the impact of the program on startups and investors
The Hub71 program is more than just a funding mechanism; it is designed to serve as a springboard towards successful commercialization of innovative ideas. Angel investor networks, often made up of senior executives and wealthy individuals, offer much more than capital. Their extensive network of contacts across various sectors acts as a powerful leverage for startups. By combining capital and market opportunities, these networks strengthen the existing ecosystem, especially as C-Suites in Abu Dhabi show interest in the early moves of capital towards emerging startups. Learn more about the role of business angels.
towards specialization of angel networks
The initiative of Hub71 is not just a step forward; it is a vision to transform the startup ecosystem by connecting the right partners to nascent businesses. The ultimate goal is to identify gaps in this rapidly growing ecosystem in Abu Dhabi, still young, and to address them in a targeted manner. Among the ambitions of this vision is the desire to foster the development of specialized angel investor networks to support different sectors such as fintech, climate tech, or health. For example, doctors are already coming together to form networks investing in the healthcare sector. Discover how these specialized networks positively influence the funding of ecosystems.
