Hub71, Abu Dhabi's global tech ecosystem, announced it has enhanced its Incentive Program that will now provide startups with up to AED 750,000 in cash and in-kind incentives, providing greater value for disruptive tech companies joining its fast-growing community.
Startups joining its revamped Incentive Program called the Company Building Program will receive up to AED 250,000 worth of in-kind incentives in the form of support services and AED 250,000 in cash for equity, assisting founders in accessing readily available capital. For the first time, Hub71 will gain an ownership interest in startups selected to join its Company Building Program, offering comprehensive support packages designed to nurture the potential of high-growth companies and empower founders with the resources to create a lasting impact.
Hub71's shift to a new incentive model strengthens the tech ecosystem's commitment to increasing the value provided to founders and high-performing tech companies out of Abu Dhabi. Upon completion of the one-year Company Building Program, top-performing startups selected by Hub71 can receive up to an additional AED 250,000 cash incentive in exchange for further equity.
