With 10 startups undergoing a 13 week program, the Techstars Hub71 Accelerator Program appeared last week after being launched through partnership between Abu Dhabi’s Hub71 and Techstars, the program’s activities are expected to take place in the first quarter of 2020, as reported by Menabytes.
Techstars Hub71 program, per statement, is designed to help startups from different sectors improve their products, gain access to customers, build traction via mentorship, investment, and practice pitch sessions.
The accelerator is now accepting startup applications from all over the world and will offer selected startups $120,000 investment in exchange for 6 to 10 percent equity.
According to notes mentioned through the website of the program, the Techstars Hub71 Accelerator is open to startups addressing technology innovations across a variety of business verticals including ICT & semiconductors, metals & mining, healthcare, real estate & infrastructure, petroleum & petrochemical, renewal energy, and utilities.
“Applications kick off today and we will shortlist the best ten startups that apply. We are positive that this program will attract global founders with exceptional ideas and talent to the capital.” Says Ahmad Alwan, Head of Strategy and Corporate Development at Hub71.
Vijay Tirathrai, Techstars Hub71 Accelerator Managing Director asserts that through the 13-week training of Techstars Hub71 Accelerator Program, startups will be informed on everything starting from pitch preparation to product development exercises, assistance in business development and funding.