In an effort to supercharge the UAE’s booming and highly attractive startup economy, Hub71 has launched the Angel Investor Support Package, offering international angel investors nearly $50,000 in financial support to encourage investment in early-stage startups.

The package was announced during Abu Dhabi Finance Week, held 9-12 December 2024 under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council.

The package aims to simplify the investment process and help angel investors expand their networks and establish investment companies in Abu Dhabi. Hub71 will provide a digital infrastructure for investors to vote on projects and deploy capital, enabling them to manage portfolios and track investments efficiently.

Backed by the Government of Abu Dhabi and Mubadala Investment Company, Hub71 is part of the UAE’s efforts to advance technology and innovation in the region. Mohammed Al Binali, Value Creation Lead at Hub71, stated that by “empowering the development of angel networks and facilitating larger ticket investments,” Abu Dhabi will emerge as a globally recognized hub for entrepreneurial growth and innovation. 

Since its launch, four angel networks—Falcon Valley, UAE Angels Capital Investment, Qora71, and the Emirates Angels Investors Association—have begun operating under the Angel Investor Support framework.

The support package includes two years of office space, reduced licensing and setup fees for establishing ADGM Special Purpose Vehicles (SPVs/ICCs), and centralized back-office support services, such as legal and audit assistance. Qualified angel firms will also have access to Abu Dhabi’s startup network and experts who can provide advice on financial and operational matters.

The Angel Investor Support Package aims to enhance access to initial funding in the tech sector, contributing to economic growth and technological progress in Abu Dhabi and the wider UAE.