Techstars Hub71 Accelerator launched

Accelerator News

Techstars and Hub71 today announced the launch of Techstars Hub71 Accelerator that will run a new 13-week mentorship-driven accelerator will provide hands-on mentorship and guidance as well as access to Techstars’ worldwide network, to help startups gain traction and accelerate their businesses for global success.

The Techstars Hub71 Accelerator will be based at Hub71 in the capital of the United Arab EmiratesAbu Dhabi, and will be led by tenured Techstars Managing Director, Vijay Tirathrai. For the past two years, Tirathrai has served as Managing Director of the Techstars Dubai Accelerator in Partnership with GINCO and will now add Managing Director of the Techstars Hub71 Accelerator to his repertoire. Tirathrai brings over 30 years of international serial entrepreneurship, business development, investment, and mentorship experience to the program. The Techstars Hub71 Accelerator will accept 10 startups on an annual basis and is open to startups addressing technology innovations across a variety of business verticals.

“The Techstars Hub71 Accelerator combines the strength of Techstars and Hub71’s networks to deliver an extraordinary experience for the founders who will join us next year in Abu Dhabi,” said Tirathrai. “Merging Techstars expertise in startup mentorship and innovation with Mubadala and Hub71’s experience in the world is the perfect recipe for a successful and incredibly impactful program.”

“We are excited to partner with Techstars to launch this mentorship-driven accelerator and look forward to starting the first year of the Techstars Hub71 Accelerator here in Abu Dhabi,” said Ahmad Alwan, Head of Strategy and Corporate Development at Hub71. “We are committed to creating an optimal environment for technology startups right here in Abu Dhabi, where through this program, founders with exceptional ideas and talent will come together. Not only will these startups benefit from hands-on mentorship and exposure to global investors, but they will have the opportunity to join a network of successful and respected Techstars alumni.”

Applications for the program open today and will be accepted through October 13, 2019. The program will run from January 2020 to April of 2020 culminating in a demo day in mid April 2020 where the startups will pitch their accelerated business models to investors and industry leaders.

Startups interested in learning more about the program are encouraged to contact Techstars or visit https://techstars.com/programs/techstars-hub71-program/ to learn more.

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