Hub71: Hub71, Abu Dhabi’s global tech ecosystem, has signed its first US-based partnership with the New Jersey Economic Development Authority (NJEDA), establishing a new bridge for high-growth startups to scale across the Atlantic.
According to Emirates News Agency, the Memorandum of Understanding (MoU) was signed on the sidelines of the Abu Dhabi Investment Forum (ADIF) in New York. The agreement sets the foundation for reciprocal access between Abu Dhabi and New Jersey’s startup ecosystems, enabling founders to scale internationally. The agreement further strengthens the US-UAE strategic cooperation across high-impact sectors such as AI and clean energy.
Through joint programming, market visits, and facilitated introductions to investors, regulators, and corporates, startups will benefit from soft-landing support in each market. With targeted backing from both ecosystems, founders will gain access to new customer bases, capital opportunities, and tailored expertise to accelerate commercial success.
Ahmad Ali Alwan, CEO of Hub71, stated that technology continues to transcend borders, emphasizing the importance of strengthening ties to support the global ambitions of founders. The collaboration with Choose New Jersey is focused on unlocking opportunities for startups looking to expand internationally, while deepening the exchange of knowledge, talent, and innovation.
Under Governor Murphy’s leadership, New Jersey is cultivating significant international partnerships, leading to greater investments into new industries and a more varied economy, according to NJEDA Chief Executive Officer Tim Sullivan. The NJEDA is eager to work with Hub71 to promote the exciting opportunities in Abu Dhabi and New Jersey.
The agreement with NJEDA complements Hub71’s growing portfolio of international partnerships, including a recent strategic alliance with the Japan External Trade Organisation (JETRO), aimed at advancing cross-border collaboration between the UAE and Japan. These partnerships highlight Hub71’s commitment to building a globally connected ecosystem that facilitates the exchange of innovation across key markets.
As Abu Dhabi continues to enhance its reputation as a global hub for technology and innovation, this partnership further reinforces Hub71’s role in enabling startup growth through international collaboration and alignment with world-leading tech ecosystems.