The Startup Ecosystem of Abu Dhabi

Abu Dhabi, the capital city of the United Arab Emirates (UAE), has been actively nurturing its startup ecosystem to position itself as a leading global innovation hub. In recent years, numerous organizations in Abu Dhabi have taken significant initiatives to support and promote entrepreneurship, innovation, and technological development in the region.

The city is home to renowned research institutions such as the Masdar Institute of Science and Technology, which focuses on clean energy and sustainable technologies. These institutions collaborate with startups, driving innovation and providing access to research facilities.

In order to attract startups to relocate to Abu Dhabi, HUB71 has been spearheading an incentives program. This program offers startup founders access to a talent-rich ecosystem and global support networks of investors and enablers. Startups gain access to venture capitalists, fund managers, corporate partners, and a global network of strategic partners aligned with a shared mission. HUB71 also provides generous incentive packages for living arrangements, office space, and health insurance for global startups looking to establish a presence in Abu Dhabi.

Initiatives like the Golden Visa program, launched in 2019, further facilitate startup relocation to Abu Dhabi. One significant advantage of the Golden Visa is that it enables business owners to retain 100% ownership of their ventures in the UAE. These visas are issued for a renewable period of five or ten years, depending on the visa category.

The Abu Dhabi Investment Office (ADIO) plays a pivotal role in supporting startups by establishing various funds and investment programs. These initiatives offer financial assistance, venture capital, and angel investments to early-stage companies, catering to startups at different stages of their growth.

Overall, Abu Dhabi’s commitment to nurturing its startup ecosystem, coupled with its focus on research and development, attractive incentives for relocation, and robust funding programs, is starting to position the city as an attractive destination for innovative entrepreneurs and startups.