BEIRUT: The highly anticipated Arabnet Beirut stood, as always, as a space where the region’s startup ecosystem, entrepreneurs, policymakers, corporations, and digital innovators come together to share the latest trends in investments and technology. During this year’s edition, some speakers took the main stage to publicly share major announcements.
Arabnet Beirut X held good news to all technology startups, where Hub71, a global tech hub driven by Mubadala Investment Company in collaboration with Microsoft, SoftBank Vision Fund and Abu Dhabi Global Market, has announced a new partnership with MIT Enterprise Forum Pan Arab, part of a global network of chapters dedicated to promoting and enriching the entrepreneurship ecosystem in the Arab region.
With the huge increase in tech startups in the MENA region and further increase in international investors and rise of regional angels, this particular joint stands as a great support to entrepreneurs to go global and is a part of a bigger movement across the MENA.
In terms of process, when the startups mature, Hub71 will work closely with MITEF Pan Arab to find startups who are ready for global growth, offering unprecedented access to global markets, capital, and flexible regulatory policies in the United Arab Emirates.
Hub71 is a flagship initiative of the Ghadan 21 program established to accelerate the existing economic agenda and Abu Dhabi's economy, as well as to create an environment where entrepreneurs can thrive.
Hala Fadel, Chair at MIT Enterprise Forum Pan Arab, commented on this joint saying that MIT Enterprise Forum Pan Arab has always been determined to shift the mindset of thousands of Arabs towards entrepreneurship and innovation, and that this partnership with Hub71 will leverage the network of alumni, introduce Abu Dhabi to new tech entrepreneurs and thus stand as a catalyst to growing a global tech startups.
In an exclusive interview with Annahar, Jida Itani, Head of Marketing and Communications at Hub71, said that this joint is a result of the hub’s dedication to curate the community to be diverse, to foster outstanding tech startups, strengthen its contributions to the tech world-at-large, and make these innovations arise from the integrated destination of choice for tech startups, Abu Dhabi.
Itani explained that although there is no doubt that hard work, creativity and an appetite for experimentation are all paramount to the success of tech enterprises, funding also plays a clear and crucial role, and that Hub71 wants to provide the selected startups with all the necessary accommodations from visa, to insurance, to all the details that will help the entrepreneur to feel fully secured.
An-Nahar is not responsible for the comments that users post below. We kindly ask you to keep this space a clean and respectful forum for discussion.