During Arabnet Beirut X 2019, Jida Itani, Head of Marketing and Communications at Hub71, a flagship initiative of the Ghadan 21 programme, took the main stage to 'share an idea' that is not groundbreaking on its own, but nevertheless highlights the importance of collaborating and partnering with major players in the regional startup ecosystem.
“Hub71 will be working with MIT Enterprise Forum Pan Arab to find companies that are ready for the next growth phase. Together, alongside our partners, we’ll offer unprecedented access to global markets, capital, and flexible regulatory policies," commented Itani as she announced to the audience the new strategic partnership with MITEF. The partnership comes at the right time, and at the right place, especially with Abu Dhabi government's commitment to diversify the economy and pave the way towards knowledge-based industries. Abu Dhabi aims to become a global launchpad for tech companies, from which inspiring Arab innovators can bring their enterprises to the emirate and scale it up to to international markets.
The partnership will build on MITEF's legacy in the Pan Arab region, as they have been enabling entrepreneurs and innovators over 13 years through training, competitions, exchange programs, and networking opportunities.
Commenting on the scope of the partnership, Mahmoud Adi, Head of Hub71, said: “This is a special time to be a startup in the region. But while getting a business off the ground is a major accomplishment, it’s even harder to find pathways to scale that enterprise. With Hub71’s unique combination of access to capital, local and global networks and major technology and business partners coupled with an attractive regulatory environment, we can make that next step easier. Our partnership with MITEF Pan Arab demonstrates our commitment to the region’s exceptional talent and will further enable Hub71 to be a global launchpad for innovation.”
Also, Hala Fadel, Chair at MIT Enterprise Forum Pan Arab, added: “Since we started in 2005, MIT Enterprise Forum Pan Arab contributed to shifting the mindset of thousands of Arabs towards entrepreneurship and innovation. We want to partner with Hub71 to leverage our network of alumni to bring to Abu Dhabi new tech entrepreneurs who will benefit from both our networks to expand and grow global tech startups.”
The announcement will be followed by a media campaign that will provide further information on the scope of the partnership, and what it entails to MENA innovators.