Hub71 to Launch New Outliers Programme in Abu Dhabi

Abu Dhabi-based technology start-up centre Hub71 will launch its second Outliers programme. Under this annual programme, start-ups will have to complete tasks given by leading government and corporate entities. This year, the main theme is Web3. Startups will be able to receive up to AED 100,000 ($27,225) to fund their work.

Among the companies to set tasks for the start-ups are the Abu Dhabi Department of Culture and Tourism and the Department of Health, property developer Aldar Properties, French technology company Thales and Dubai-based used car platform Cars24.

Outliers 2022 will feature seven competitions, including for the first time a special category for unicorns, or start-ups with a $1 billion valuation.

Hub71 was founded by the Abu Dhabi government, investment firm Mubadala, Abu Dhabi Global Market, Microsoft and Japan's SoftBank Group in 2019. Since its inception, Hub71 has launched around 130 start-ups, which have so far raised AED 1.5 billion through the ecosystem's corporate partners and created around 1,000 new jobs.

Hub71 Welcomed 16 New Start-Ups to Its Ecosystem

The group of new startups will have the opportunity to develop cutting-edge technologies and benefit from the access to markets, investments that Hub71 offers.

Durov's CodeIvan Sokolov