Abu Dhabi’s tech ecosystem, Hub71, is set to strengthen its startup scene with a new Angel Investor Support Package. This initiative offers a financial incentive of Dh150,000 to facilitate the growth of angel networks and enable investors to establish legal investment structures in the emirate’s burgeoning startup environment.
Announced at Abu Dhabi Finance Week, the package aims to simplify investment processes and enhance opportunities for angel investors. It includes benefits such as digital infrastructure for voting on projects, office space for two years and reduced fees for setting up special-purpose vehicles.
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.
He added: “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.”
Four angel networks have begun operating under this framework, focusing on early-stage and high-growth ventures. This includes Falcon Valley, UAE Angels Capital Investment, Qora71, and the Emirates Angels Investors Association, which have already made notable investments in startups like Takalam and Mindtales.
