Hub71, Abu Dhabi’s global tech ecosystem based in Abu Dhabi Global Market Square, today announced the latest startups to have been selected for the Hub71 Incentive Program’s second cohort of the year.
The eleven startups come from all over the world, including Bahrain-founded Tarabut Gateway, the first and largest regulated open banking platform that connects a regional network of banks and FinTechs via a universal application programming interface (API); UAE-based Arabee, an Emirati award-winning educational language app that teaches young minds to listen, speak, read and write Arabic with ease; Lebanon-founded Mint Basil Market, an AI-enabled health and wellness online platform; and US-based Scanalytics, a global leader in IOT and sensors which transforms physical spaces like convention halls into smart and responsive environments using predictive consumer behavior analytics a data-science.
The tech ecosystem has selected over 60 global startups for the Hub71 Incentive Program to-date. Twenty-one percent of the startups at Hub71 are led by female leaders and there are over 33 different founder nationalities based in the tech ecosystem.
Check out Hub71's latest cohorts:
- WideBot - The MENA's Leading AI conversational platform.
- Trella - A technology platform that connects shippers to carriers in the widely fragmented freight industry
- Mint Basil Market - A content-driven online platform hosting a wide range of curated healthy natural products, vetted by our health experts.
- Tawazon Inc. - The first and leading Meditation & Mindfulness App in the Arabic language.
- Arabee - Award-winning affordable educational language programme that teaches young minds to listen, speak, read, and write Arabic with ease and fun.
- Augmental - An educational technology application where course material is adapted to each student's learning abilities using artificial intelligence and student engagement tools.
- AirCarbon - The traditional commodity exchange architecture to the carbon market.
- Jade Autism - A game-based platform providing data for better decisions on the treatment of children with Autism, Down Syndrome, and ADHD.
- KamKalima - An Arabic educational platform for learning and teaching in schools.
- Tarabut Gateway - MENA's first and largest regulated Open Banking platform that connects a regional network of banks and FinTechs via a universal application programming interface (API).
- Scanalytics - Uses data science to enhance physical environments to deliver better customer experiences and increase operational efficiencies for retail, convention halls, and offices.
Startups selected for the Hub71 Incentive Program receive non-equity subsidies including 100 percent free housing, office space, and health insurance for two years for seed companies and 50 percent subsidizes for three years for emergent companies; worth up to AED3.0 million (USD 800k) per startup.
Hub71's newly appointed CEO, Hanan Harhara Al Yafei commented, “As our founder-centric community expands, we celebrate our diversity as a global tech ecosystem with founders from Asia, the Middle East, Europe, and the United States. To the eleven startups that have been selected for the Q2 2020 cohort; congratulations and kudos to you and your teams. As members of the Abu Dhabi tech community, your success is our success and we endeavor to support you in your global ventures from this point onwards.”
US-based Scanalytics Founder and CEO, Joe Scanlin, added: “Being an IOT and PropTech company, we have been most impressed with the real estate and digital infrastructure in the UAE – from the 5G networks to the UAE’s appetite for new technology and innovative ideas. Using Abu Dhabi as our base, my team and I will take this opportunity to explore new markets in Europe as well as hire tech talent from the top universities in the UAE.”
Vanessa Zuabi, CEO & Co-Founder of Mint Basil Market, added: “Abu Dhabi is the perfect launchpad for our health and wellness business, as there’s much better market access to the entire GCC. Not only is it easier to import a wider range of products, there are more discerning consumers for B2C startups like ours. Being a tech platform, it’s also important for us to be able to hire great talent – and hiring data scientists from or attracting them to the UAE is much easier than anywhere else in the Middle East.”
Despite the current crisis, H1 2020 has seen $659M invested in MENA-based startups, which is already 95% of total funding full-year 2019. Discover more data, including country and industry trends by purchasing our H1 2020 MENA Venture Investment Report.