Abu Dhabi Startup News

The leading cryptocurrency exchanges move to the UAE The UAE is set to be the world leader in virtual assets with more startups being formed and moving to the country than ever. Abu Dhabi has multiple blockchain and FinTech startups, as does Dubai, which nabbed the biggest cryptocurrency exchange Binance in September of this year. Binance was granted a provisional license in March to operate in Dubai and approval to join the minimal viable product (MVP) program from Dubai’s Virtual Asset Regulatory Authority (VARA) in September.

Abu Dhabi, UAE – November 2022: Hub71, Abu Dhabi’s global tech ecosystem, and Modus, the Venture Platform comprising VC funds, Venture Builders, and a Corporate Innovation arm, will expand Ventures Lab – the venture building program by increasing the next intake to 28 founding teams, which is almost a 40% increase from last year. To date, Hub71 and Modus have successfully raised AED 40 million for founding teams to co-build startups and access capital through Ventures Lab.

05 November 2020, Abu Dhabi, United Arab Emirates: Mubadala, Abu Dhabi’s wealth fund and an Abu Dhabi VC firm, invests in a SoftBank-backed tech startup. Mubadala, with $232B under management, led a $700M round of funding in Reef Technology Inc., a technology startup that specializes in using parking lots as hubs for delivering food and other services like Covid-19 testing. Reef Technology has an ecosystem of over 4,500 locations and a team of nearly 15,000 people.

Written by Mike Halvorsen, founder CompanyEgg.com Over the last several years, Abu Dhabi has become an incredible place for US-based startups to launch and scale. We moved our startup from the US to Abu Dhabi in February of 2020 to scale and grow in Abu Dhabi. Below are the top ten reasons to grow and scale your startup in Abu Dhabi. The UAE is in many ways a startup itself In less than 50 years, the country has become one of the most advanced and forward thinking countries in the entire world.

To boost the UAE economy’s competitiveness, a group of young investors has launched the “Emirates Angels Investors Association” to help accelerate the growth of start-ups and facilitate investors' investment and entrepreneurship in the country. Emirates Angels Investors Association logo The Emirates Angels Investors Association has brought together some of the country’s leading young local investors to connect innovators and thought leaders with investors and bridge existing gaps. The Board members were elected in the presence of the Ministry of Community Development, where Masaood Rahma Al Masaood was chosen as Chairman, Sameh Al Qubaisi as Vice Chairman, and Ali Sajwani, Mohammed Al Nowais, Yousif Al Mulla, Mohammed Al Owais, and Tarek Al Nuaimi as Board members.