Hub71 Launches Angel Investor Support Package
Since its launch, the initiative has attracted four networks, including Falcon Valley, UAE Angels Capital Investment, Qora71, and The Emirates Angels Investors Association.
Abu Dhabi’s tech ecosystem Hub71 has introduced its Angel Investor Support Package, an initiative that aims to enhance the role of angel investors and support startup growth. Announced during Abu Dhabi Finance Week, held from December 9-12, 2024, the package aims to create a more accessible and effective investment environment.
Launched under the patronage of HH Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, the initiative offers angel investors a financial incentive of AED 150,000 (US$40,838) to facilitate investments in early-stage startups. The program also provides a framework to help investors establish legal structures and build networks in Abu Dhabi.
Furthermore, the package includes two years of office space, and reduced fees for setting up Abu Dhabi Global Market (ADGM) Special Purpose Vehicles (SPVs/ICC). It also offers a digital platform for investors to manage their portfolios, vote on projects, and track their investments efficiently.
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Participants can join existing networks or establish new ones, connecting with Abu Dhabi’s startup ecosystem while receiving guidance on investment planning, financial management, and operational strategies.
Since its launch, the Angel Investor Support Package has attracted four networks, including Falcon Valley, which invests in early-stage ventures; UAE Angels Capital Investment, which supports high-growth startups; and Qora71, which focuses on mentoring and preparing startups for fundraising. The Emirates Angels Investors Association, with over 50 members, has also joined the framework, backing startups like Takalam and Mindtales.
Hub71, supported by the Government of Abu Dhabi and Mubadala Investment Company, offers infrastructure and programs to help startups grow and develop technologies with regional and global applications.
In a statement, Mohammed Al Binali, value creation lead at Hub71, said: “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 that reinforces Abu Dhabi’s position as a global hub for innovation and entrepreneurial growth. By empowering the development of angel networks, facilitating larger ticket investments, and encouraging investment in early-stage startups, we aim to unlock the full potential of Abu Dhabi’s global tech ecosystem.”
