Hub71 and Stride Ventures have announced they will provide startups in Abu Dhabi with access to capital and mentorship opportunities as part of a joint bid to drive innovation.
The partnership between the tech ecosystem and venture debt fund will enable Stride Ventures to offer alternative financial solutions and support through venture debt, which complements traditional equity funding. The fund will also provide comprehensive mentorship programs, including guiding startups through business expansion.
Hub71 and Stride Ventures said they will work together to identify startups in the most economically important sectors before providing them support to set up their operations in Abu Dhabi.
Ahmad Ali Alwan, CEO of Hub71, said: “Our partnership with Stride Ventures is important towards growing our capital ecosystem through providing resources and access to investments that startups can leverage to scale globally. Working with Stride Ventures will unlock new potential in the region, aligning with our goals to position Abu Dhabi at the forefront of global innovation and entrepreneurial growth.”
Ishpreet Gandhi, Founder and Managing Partner of Stride Ventures, added, “We are excited about this collaboration with Hub71, which aligns perfectly with our mission to support high-potential startups. The UAE’s tech ecosystem is brimming with potential, and together with Hub71, we aim to fuel the growth of innovative companies, providing them with the financial resources and guidance they need.”
