HUB71, Stride Ventures to back entrepreneurs in Abu Dhabi

Hub71 and Stride Ventures have partnered to "drive innovation, foster entrepreneurship, and support the growth of startups in Abu Dhabi."

Through this partnership, Hub71 will leverage Stride Ventures' expertise to provide startups with access to capital and mentorship opportunities required to scale their ventures to new heights. In parallel, Stride Ventures will be a valuable capital partner for Hub71, offering alternative financial solutions and support through venture debt — which complements traditional equity funding.

How will it work?

Stride Ventures will also provide comprehensive mentorship programs, offering startups the guidance they need to navigate the complexities of business expansion.

The two parties will work together to identify global startups operating across sectors of economic importance and set up their operations in Abu Dhabi.

Through a shared commitment to supporting startup growth and accelerating innovation, the partnership will aim to attract global startup talent and solidify the UAE's position on the world stage as the destination of choice for entrepreneurs and innovators.

On the record

"Our partnership with Stride Ventures is important towards growing our capital ecosystem through providing resources and access to investments that startups can leverage to scale globally," said Ahmad Ali Alwan, CEO of Hub71. "Working with Stride Ventures will unlock new potential in the region, aligning with our goals to position Abu Dhabi at the forefront of global innovation and entrepreneurial growth."

"We are excited about this collaboration with Hub71, which aligns perfectly with our mission to support high-potential startups," added Ishpreet Gandhi, Founder and Managing Partner of Stride Ventures. "The UAE's tech ecosystem is brimming with potential, and together with Hub71, we aim to fuel the growth of innovative companies, providing them with the financial resources and guidance they need."

The context

Founded in 2019 and backed by the Government of Abu Dhabi and Mubadala Investment Company, Hub71 is a global tech ecosystem that enables founders to build globally enduring homegrown tech companies. Meanwhile, Stride Ventures is an India-based venture debt fund that supports innovative startups by providing timely and flexible debt financing solutions.