For aiding up the tech start-ups within UAEs territory, the Middle East’s Aviation major Etihad Airways will enter into a partnership alongside Abu Dhabi’s Hub71 for granting discounted travel rates as well as discover the prospects for an aviation project.
On Tuesday, the Hub71 within a statement stated further out that: Within this agreement, the Etihad will also become an official airline partner for Hub71 as it will be looking out for an objective for tapping within a community of entrepreneurship for powering upon innovative-powered solutions, workshop as well as community events while as well as offering the mentorship prospects.
The Chief Operating Officer for the Etihad’s Aviation group, Mohammad Al Bulooki stated that: “Technology and innovation play a key role in supporting the restart of the aviation industry during the COVID-19 pandemic as well as Etihad looks forward to occupied with Hub71’s global pool of innovators to actively source, support and enable the rapid trial and production of promising solutions for the aviation industry.”
The globalized aviation sector has been in pursuit for leveraging technology for aiding re-initiation of travel securely with the utilization of digitized health passports like the Lata Travel Pass.
Build out with a Dh520Mn by aid of Abu Dhabi’s Ghadan 21 economic stimulus initiative, the Abu Dhabi’s Hub71 project, is a robust foundation for at present prevailing 102 start-ups and is also enduring to lure many more promising firms globally. The start-ups within Hub71 base includes start-ups from 20 diverse nations, wherein over 44 percent are based from UAE, while the US and UK based start-ups form 11 percent each.
The Abu Dhabi’s globalized tech start-up arena also includes many firms from nations like Israel, South Korea, Czech Republic, as well as Nigeria, who got linked within the preceding year in December 2020.
The Chief Executive of Hub71, Hanan Al Yafei, stated that: “As the world prepares to open up, global connectivity will be vital for our growing community of start-up founders to be in a position to export their innovative products and services to new markets.”
She also further elaborated that: “This strategic partnership alongside Etihad will aid for the expansion of technology-powered industries that can endure aviation arena with bolder latest concepts as well as ideas as well as innovations to really go along a long way.”
Hub71, the UAE capital Abu Dhabi’s tech start-up arena has already created a robust foundation of community with ample aid from Fund and strategic partnerships alongside Mubadala, SoftBank Vision Fund, as well as Microsoft and Abu Dhabi Global Market (ADGM).
The Airline major will be thriving hard for tapping within Hub71’s entrepreneur community for sourcing the possible solutions for the aviation arena as well as in order for exploring the mentorship prospects.
Abu Dhabi, UAEs Capital city is aligning itself as technology hub via initiatives like Hub71, in quest of luring the firms in the arena that are vital for their expansion like the Agricultural technology, health care as well as renewable energy.
Despite the on-going COVID-19 Pandemic, the HUB71 startups have been able to have elevated up Dh185 million ($50.4m) within the preceding year 2020. It is engrossed on projects that capitalize in innovative start-ups, progress strategic trades such as native manufacturing, fascinating high-tech talent and forming new jobs.