The global tech ecosystem is buzzing, and Abu Dhabi is leading the charge with its latest initiative to support early-stage startups and angel investors. Hub71, a thriving tech hub in Abu Dhabi, has unveiled an Angel Investor Support Package designed to bolster the growth of startups and streamline the investment process for angel investors. If you’re an angel investor looking to tap into a vibrant ecosystem, this could be the golden ticket you’ve been waiting for.
What’s on Offer?
1. Financial Incentive of AED 150,000 ($40,800):Hub71 is offering a financial incentive of AED 150,000 to cover setup and legal costs for investments into Hub71 startups. This incentive reduces the barrier to entry and makes it easier for investors to support innovative startups.
2. Two Years of Office Space: Angel investors receive access to office space within the Abu Dhabi Global Market (ADGM) for up to two years. This not only provides a physical base for operations but also embeds investors within a dynamic and collaborative tech community.
3. Reduced Licensing and Setup Fees: The package offers reduced fees for establishing Special Purpose Vehicles (SPVs/ICC) within the ADGM. SPVs simplify the process of managing investments, making it easier for investors to diversify their portfolios.
4. Back-Office Support Services: Investors gain access to centralized back-office services, including legal and audit support. This allows angel investors to focus on strategic investments while minimizing administrative burdens.
Why Abu Dhabi’s Hub71?
Since its inception, Hub71 has been a catalyst for growth in Abu Dhabi’s tech ecosystem. The Angel Investor Support Package aligns with Hub71’s mission to foster innovation by creating a seamless environment for investors and startups.Several prominent angel networks have already embraced this initiative, including:
– Falcon Valley: A group of seasoned investors focused on early-stage disruptive ventures.
– UAE Angels Capital Investment: Specializing in seed and early-stage investments.
– Qora71: Led by a Techstars Entrepreneur-in-Residence, Qora71 focuses on mentoring Hub71 startups.
– Emirates Angels Investors Association: With over 50 members, they have invested in notable startups like Takalam and Mindtales.
A Strategic Framework for Growth
Hub71’s support package isn’t just about financial incentives—it’s a comprehensive framework. Angel investors are equipped with:
– Digital Infrastructure: Tools for voting on startup projects and managing portfolios.
– Strategic Guidance: Growth strategies, operational advice, and financial planning.
Mohammed Al Binali, Value Creation Lead at Hub71, emphasizes the importance of angel investors in bridging the funding gap for startups. He notes, “Angel investors play a pivotal role in bridging the funding gap for startups, and at Hub71, we are deeply committed to cultivating a robust investment environment.”
An Opportunity for Growth and Innovation
This initiative comes at a crucial time when early-stage investments are driving technological innovation globally. By simplifying the investment process and providing critical support, Hub71 aims to unlock the full potential of Abu Dhabi’s burgeoning startup ecosystem.
If you’re an angel investor looking for new opportunities, Hub71’s Angel Investor Support Package offers the financial incentives, infrastructure, and strategic support to help you thrive. Don’t miss the chance to be part of Abu Dhabi’s dynamic tech future.
