Abu Dhabi continues to strengthen its position as a global innovation hub, with startups at Hub71 securing a total of AED9 billion ($2.45 billion) in funding and generating AED5 billion ($1.36 billion) in revenue. Hosting around 300 startups, Hub71 has become a cornerstone of the emirate’s rapidly expanding entrepreneurial ecosystem, driving the growth of its digital economy and advancing its reputation as a center for technology and investment.
Ahmad Ali Alwan, CEO of Hub71, emphasized the organization’s commitment to expanding Abu Dhabi’s technology landscape through innovative programs and international partnerships. He noted that recent initiatives, including a startup integration program in Hong Kong, are designed to help resident startups gain access to global markets and strengthen their international footprint.
Hub71’s strategic focus extends to high-growth sectors such as artificial intelligence, climate technology, digital assets, and life sciences—fields experiencing rising global demand. The newly launched Hub71+ Life Sciences cluster aims to support biotech innovation and attract international collaborations in health technology.
Among the startups making significant progress within the Hub71 community are several notable success stories:
Aurem, an Abu Dhabi-based financial technology company, has raised $7 million in total funding. Its flagship product, Workflow Builder, uses AI to automate and optimize complex financial operations, reducing processing times from months to hours and transforming how institutions manage financial data.
In the biotechnology sector, Vivan Therapeutics, founded by Laura Towart, has secured £4.6 million in capital and £3.7 million in research grants. The company is setting up new laboratories in Abu Dhabi, working with local medical centers to deploy its innovative cancer treatment platform that identifies optimal therapy combinations based on tumor analysis. Towart credited Abu Dhabi’s adaptable regulatory framework as a major enabler of rapid biotech advancement.
Fintech innovation continues to thrive as well, with Mansa, led by Abhinav Mehta, raising $10 million in funding and processing over $250 million in transactions. The company develops digital liquidity solutions and collaborates extensively across public and private financial networks, benefiting from Abu Dhabi’s strong fintech infrastructure and regulatory support.
Another emerging success is Monit, an industrial technology startup founded by Mustafa Jafri, which relocated from Pakistan to Abu Dhabi through Hub71. Monit has already generated $3 million in revenue and is seeking an additional $3 million to expand its manufacturing operations in the UAE. Its AI and IoT-powered devices aim to enhance safety in high-risk industries, contributing to improved workplace performance and regional exports.
Hub71’s continued success aligns closely with the Abu Dhabi Economic Vision 2030, which seeks to diversify the economy beyond oil by fostering entrepreneurship and technological advancement. Through initiatives that connect startups with investors, global partners, and government agencies, Hub71 is helping position Abu Dhabi as a leading destination for tech-driven innovation.
By nurturing startups across diverse sectors, including fintech, biotech, AI, and digital assets, Hub71 exemplifies Abu Dhabi’s growing influence as a regional powerhouse for innovation, research, and sustainable economic growth.
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