![]() Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE. Hub71 initiative is part of Ghadan 21, a AED 50 billion investment stimulus fund launched by H. have secured VC funding in the last three years.To be considered for the incentive programme, companies should: Hub71 offers incentive monetary programmes with 100 per cent and 50 per cent subsidies for early and emergent stages of startups. Hub71 collaborates with major business stakeholders such as Abu Dhabi Global Market (ADGM), Mubadala Investment Company and other key business players to foster the next generation of tech innovators and startups. The Abu Dhabi government established Hub71 to support technology startups in the emirate by attracting top venture capital funds and investors to increase the pool of capital available for startups and venture capitals in Abu Dhabi. Learn how to apply for UAE long-term visa through Area 2071. Such entrepreneurs have an opportunity to acquire a 5-years visa, with the possibility to qualify for permanent residency visa if the same original conditions of the investor are met. Īrea 2071 incubates entrepreneurs who own an established business with a minimum capital of AED 500,000 in a field approved by Ministry of Economy. Learn more how to start your business in Area 2071. These business incubators see the growth potential and weigh the opportunity before supporting or funneling funds into. Those supporting the start-up or new companies are called business incubators. To register in Area 2071, companies must have an initial approval from Dubai Future Foundation Program. Business Incubation is the name given to the process wherein an individual or an organization supports the establishment and growth of a start-up. Registered businessowners will have a 3-year business licence with for operation within Area 2071 and Dubai Development Authority (DDA), known before as Dubai Creative Clusters Authority (DCCA). The fees amount to AED 1,000 annually for a commercial licence allowing the entrepreneur to conduct three activities within the same segment. Members of Area 2071 have access to a network of strategic partners, entrepreneurs and investors.Īrea 2071 offers subsidised licensing fees to all startups and entrepreneurs. Overseen by Dubai Future Foundation, Area 2071 is a unique ecosystem that nurtures global talents to start and grow their business in the UAE.
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