UAE - Mubasher: Hub71, Abu Dhabi's global tech ecosystem run by Mubadala Investment Company, has partnered with Bpifrance to foster innovation and support tech startups and companies in Abu Dhabi and France.
Under the agreement, Hub71 and Bpifrance, a French national investment bank, will connect between the dynamic tech ecosystems of Abu Dhabi and Paris, according to a press release on Monday.
Both entities will launch programmes that will enable a number of selected tech startups in Abu Dhabi and France to meet with potential partners and explore opportunities with investors.
In addition, these programmes will focus on developing innovative technology products and services designed for the UAE and French markets.
The agreement will also allow Hub71 and Bpifrance to explore co-investment opportunities.
The CEO of Hub71, Hanan Harhara Al Yafei, commented: "Bpifrance shares our long-term commitment of promoting entrepreneurship, ensuring French startups can arrive in Abu Dhabi’s Hub71 and use our dynamic ecosystem as a springboard to a prosperous Middle East and North Africa region."
Meanwhile, the CEO at Bpifrance, Nicolas Dufourcq, said: "Pooling our resources together with Hub71 creates an attractive value proposition that will help Abu Dhabi-based startups and entrepreneurs thrive in France."
