Abu Dhabi Government launches AED520 million know-how hub for tech startups

ABU DHABI, The Abu Dhabi Government tomorrow launches a brand new know-how hub, dubbed as ‘Hub 71’, at a value of AED520 million, to supply monetary incentives to tech startups.

Launched under the aegis of H.H. Sheikh Khalid bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council, and Chairman of the Executive Committee, the ‘Hub 71’ taps into the government’s Ghadan 21 AED50 bn stimulus programme, further underpinning the emirate’s status as a vibrant and integrated destination of choice for tech companies and startups in collaboration with key firms specialising in this field from around the world.

Source: Emirates News Agency