Hub71 launches climatetech programme for startups dedicated to decarbonisation

Introducing Hub71+ ClimateTech, a new programme laser-focused on empowering startups globally dedicated to achieving a net-zero carbon future. 

This programme is part of Hub 71, a tech ecosystem based in Abu Dhabi committed to driving technological innovation and change. 

They’ve recently launched Hub71+, a specialist ecosystem designed to propel specific tech sectors forward.

• It’ll be spearheaded by Ahmad Ali Alwan, Deputy CEO of Hub71. 

💰 Financial lowdown: Startups benefit from AED 250,000 in cash and equal value in-kind incentives, with a potential AED 250,000 bonus.

🛠️ The climate challenge:

Globally, carbon emissions reached a staggering 36.3 billion tonnes in 2021. 

The UAE is targeting a 23.5% reduction in greenhouse gas emissions by 2030. 

Hub71+ ClimateTech is stepping up to meet this colossal challenge, hoping to foster innovations that drive towards the UAE's Net Zero by 2050 goal.

🌟 Innovative solutions

Start-ups participating in Hub71+ ClimateTech will engage in a comprehensive 12-month program. This includes a specialised three-month course tailored to their specific sector, where they will receive expert mentorship, customised guidance, and essential support.

Beyond funding, startups gain access to a network of over 25 corporate partners, tailored mentorship, and a regulatory-friendly environment.

The goal? Equip startups to bring cutting-edge decarbonisation technologies to the fore.

🤝 Partner lowdown:

• ADNOC (a founding partner) is leading the way with a commitment of AED 2.5 million, alongside opportunities for pilot projects too. 

• Tabreed and TAQA, as anchor partners, are committing AED 500,000 to pilot projects specifically designed for Hub71+ ClimateTech startups. 

• e& capital and The Catalyst are also joining as anchor partners, providing critical investment and acceleration to propel these businesses forward.

• Siemens Energy will bring their own blend of additional support and industry expertise. 

🔮 Flashforward

Hub71+ is aiming to attract over 100 ClimateTech startups keen on expanding to the UAE.

This initiative aligns with the Abu Dhabi Climate Change Strategy, targeting a 22% reduction in carbon emissions by 2027.