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Hub71 in Abu Dhabi has partnered with the Seoul Metropolitan Authorities to help tech startups within the UAE and South Korea of their worldwide progress and industrial actions.
The strategic collaboration will facilitate cross-border enterprise alternatives, present startup founders with complete assist, and expedite entry to grants and incentives for scaling up.
This partnership leverages the strengths of each cities’ startup ecosystems, fostering innovation and entrepreneurial actions for mutual progress.
Ahmad Ali Alwan, deputy CEO of Hub71, mentioned: “We purpose to supply entry to worldwide alternatives the world over’s main tech hubs. We consider our partnership with the Seoul Metropolitan Authorities will assist startups enter the dynamic tech ecosystems of Abu Dhabi and Seoul the place they will develop revolutionary merchandise and options that may have a long-lasting influence. We’re assured this collaboration will empower startups to develop and scale globally.”
Abu Dhabi’s startup ecosystem worth has witnessed 134 per cent progress, rating it because the sixth quickest globally and largest within the MENA area, in keeping with Startup Genome. In the meantime, Seoul’s startup ecosystem holds the twelfth world rating with a worth of $211billion.
Kyoung Hwan Park, director-general of finance, funding and worldwide relations bureau of the Seoul Metropolitan Authorities, mentioned: “By the strategic partnership with Hub71, Abu Dhabi’s main world tech ecosystem, we anticipate fostering energetic trade to boost the startup ecosystem inside each cities.
“To that finish, Seoul will spare no effort in offering help, selling collaboration by introducing one another’s ecosystem, supporting the market entry in addition to collectively organizing occasions which foster innovation and entrepreneurial actions in Seoul and Abu Dhabi.”
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