Techstars, a worldwide network that helps entrepreneurs succeed has partnered with Hub71, an Abu Dhabi-based global technology hub led by Mubadala Investment Company, to launch Techstars Hub71 Accelerator.
The new 13-week mentorship-driven accelerator will provide hands-on mentorship and guidance as well as access to Techstars’ worldwide network, to help startups gain traction and accelerate their businesses for global success.
The Techstars Hub71 Accelerator will be based at Hub71 in the capital of the United Arab Emirates, Abu Dhabi, and will be led by Vijay Tirathrai who has been MD Techstars Dubai Accelerator since 2017.
The Techstars Hub71 Accelerator will accept 10 startups on an annual basis and is open to startups addressing technology innovations across a variety of business verticals.
“We are excited to partner with Techstars to launch this mentorship-driven accelerator and look forward to starting the first year of the Techstars Hub71 Accelerator here in Abu Dhabi,” said Ahmad Alwan, Head of Strategy and Corporate Development at Hub71. “We are committed to creating an optimal environment for technology startups right here in Abu Dhabi, where through this program, founders with exceptional ideas and talent will come together.”
The startups will benefit from hands-on mentorship and exposure to global investors, and have the opportunity to join a network of successful and respected Techstars alumni.
Applications are open and will be accepted through October 13, 2019. The program will run from January 2020 to April of 2020 culminating in a demo day in mid April 2020 where the startups will pitch their accelerated business models to investors and industry leaders.