HUB71 and Stride Ventures collaborate to support Abu Dhabi’s entrepreneurs

In order to promote innovation, encourage entrepreneurship, and aid in the expansion of startups in Abu Dhabi, Hub71, the city’s international tech ecosystem, and Stride Ventures, a well-known venture debt fund worldwide, have joined forces.

By this collaboration, Hub71 will take advantage of Stride Ventures’ experience to give entrepreneurs access to funding and opportunities for mentorship that they need to take their businesses to new heights. In addition, Stride Ventures will be a significant capital partner for Hub71, providing venture debt as a supplement to traditional equity funding, as well as alternative financial solutions and support. Additionally, Stride Ventures will offer thorough mentoring programs, giving entrepreneurs the support they need to handle the challenges of growing their businesses.

Hub71 and Stride Ventures will collaborate to find international startups that are active in significant economic sectors and establish their operations in Abu Dhabi. The partnership aims to attract global startup talent and establish the United Arab Emirates as the preferred destination for entrepreneurs and innovators on the global stage by means of a mutual commitment to bolster startup growth and accelerate innovation.

Ahmad Ali Alwan, CEO of Hub71, said: “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. 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.”

Ishpreet Gandhi, Founder and Managing Partner of Stride Ventures, added, “We are excited about this collaboration with Hub71, which aligns perfectly with our mission to support high-potential startups. 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.”