Hub71: Who Qualifies and What You Get
Discover how tech startups can access subsidized office space and venture capital through the Hub71 program in the UAE.
Hub71 is a specialized program designed to support tech startups and founders by providing them with the essential resources needed to scale their businesses.
Who it's for
This program is specifically created for tech startups and individual founders. It is intended for those building technology-based companies that are looking to establish themselves within the ecosystem.
What you get
Participants in the program receive access to subsidized office space, which helps reduce the high costs of maintaining a physical business location. Beyond physical space, the program provides access to venture capital. This means you gain connections to funding sources that can provide the necessary capital to fuel your company's expansion and operational needs.
What it costs you
Entering the program is not a simple registration; it requires going through a competitive selection process where your business model is evaluated. Additionally, participating may require you to provide equity. Equity refers to giving up a percentage of ownership in your company in exchange for the office space and capital access provided by the program.
The catch to know
The most important thing to understand is the program's specific focus. Hub71 is not for every small business; it focuses heavily on startups that demonstrate high-growth potential. Your business must show the ability to scale rapidly to be a strong candidate for this support.
How to apply
- Ensure your business model is technology-focused and demonstrates high-growth potential.
- Prepare your business details to undergo the competitive selection process.
- Visit the official website to view the specific application steps.
- Submit your formal application through the official portal.