United Arab Emirates startup hubs: top-3

21 October, 2022

 

It is not always easy to enter the Dubai and UAE market: firstly, because of the peculiarities of Arab culture and the different economic zones, each of which has its own rules and is intended for the development of a particular type of company: for example, those related to education or science. 

Also not everywhere in Dubai can a foreigner register a firm without a local partner. It is therefore worth taking advantage of the opportunities offered by local hubs, which can simplify many processes. 

Hub71

Hub71 is Abu Dhabi's global technology ecosystem that enables founders to build sustainable technology companies in any sector by providing access to international markets, capital, a global network of partners and a vibrant community.

From the inception of the Hub71 ecosystem in 2019 to the third quarter of this year, its startups, which are now around 200, have raised more than AED3.2 billion ($871 million) in funding, generated AED2.5 billion in revenue and created 800 direct jobs.

News: Hub71 and GetFundedAfrica have announced a joint development. The new cross-border programme aims to provide an outlet for Hub71 startups looking to grow in Africa and Abu Dhabi-based startups looking to break into the UAE and Middle East regions. 

They offer a lot, from getting help to set up a local company to licensing and opening a bank account, from both Hub71 and GetFundedAfrica.

DTEC 

Dubai Technology Entrepreneur Campus (DTEC) is another organisation that offers co-working spaces as well as business startup support, free trade zone registration and business assistance. It is the largest co-working space in the Middle East (5,000 sqm), focusing primarily on technology startups. There are fixed desk options as well as private spaces (12-50 sqm) for both solo entrepreneurs and teams. Annual memberships to the co-working space start at $4900. 

In5

In5 is a platform for entrepreneurs and startups by TECOM Group. It has been around since 2013, offering training, mentoring, creative spaces (workspaces, conference rooms), investment opportunities and labs.

In5 recently brought seven of its technology startups to the Gitex Global 2022 forum. Also according to the World Bank, the company has incubated more than 500 businesses since its inception, a quarter of which are owned and run by women entrepreneurs, nearly double the regional average of women SMEs.

Photo: Hub71

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