Let's take a final look at Hub 71 Impact event 2025 taking place in Abu Dhabi.
FinTech's CEO and founder Vince Molinari is back with another update from the gathering.
So Vince, welcome back.
Thank you again for joining us from Abu Dhabi.
Tell us what's going on on the ground.
Oh thanks, Remy.
You know, the momentum and the great interviews continue.
I had the pleasure of sitting down with Basma Abadi al-Dhari, who is the head of value creation for Hub 71, and we really ran the gamut, you know, anything that starts out with an interview with somebody who is the head of value creation, there's so much wisdom and insight in that.
We talked about everything from unlocking value in Abu Dhabi, global capital needs, and meeting innovation.
And really then the strategic advantages of Abu Dhabi and that transcends everything from community to artificial intelligence and all the innovation that's coming out of Hub 71.
You have to watch this one too, Remy.
I think you're going to find a lot that's of interest to you.
I'm joined today by Basma Albari Al Dahari, who is the head of value creation here at Hub 71.
Basma so delighted to have you with us today.
It's a pleasure meeting you and a pleasure being here.
Well, and being here in your home, which is a real privilege for us, wanted to touch base and and kind of kick off with the title head of value creation.
It just, it brings so many things to mind.
I wanna talk a bit about how do you unlock the value, uh, that's here within Abu Dhabi.
So as if I had a vacation, I overlook in unlocking the ecosystem players across four main pillars which are access to markets, so working with different corporate partners to enable pilot opportunities and contract deals, uh, access to capital, so overseeing support in terms of unlocking value from capital partners in terms of investment across the.
The stages that the startups face um and uh and then access to government, so unlocking with you know with new innovation you need to unlock new policies, new regulations and being close to those regulators enables us to unlock that value and then the fourth and last pillar is access to talent.
So everyone's looking for new talent, everyone's looking for that access and.
Uh, we do have great universities here with uh graduating a lot of new uh talents that are accessing that are available for our startups to access that, uh, support.
Well, one of the things that was so impressive for me, uh, seeing an action not only within Abu Dhabi but Hub 71 specifically.
The resources, the talent, and those are off balance sheet and off balance sheet resources as we learn more and more when you look at global capital and connecting that with innovation, it seems that's core mantra to Hub 71.
Yes, um, so yeah, in terms of like as they always say Abu Dhabi is the capital of capital, so we try to unlock that support through our capital partners that we.
Have, uh, with the support that ADGM and the ecosystem players that we have that supports us in bringing in the the right investors to support the global investors into the UAE and unlocking that capital into our startups.
So as we have in the Hop 71 impact event like today we have our fundraising roadshow that enables us to get those investors to unlock that capital support in that.
Uh, and that was quite clear in a lot of the presentations that we are fortunate to watch today.
So, uh, we talked about a lot of the strategic advantages that are here in Abu Dhabi, uh, many of the initiatives that you put forth and going back to last year with so much of a focus on AI, a lot of announcements around new partnerships, uh, in the last day or two.
Could you speak to that a bit?
Yeah, so, uh, we did, uh, so and, uh, and during Abu Dhabi and Finance Week last year we, uh, we.
Launched the program itself as an HP 71 AI where we looked at the value proposition that Abu Dhabi can offer where we partnered up with Core 42 and AI 71 as being the unlocking that compute power, the credits that are being offered in that sense this year as an expansion of the top 71 plus AI vertical, we onboarded a total of 24 partners where we had.
The Advanced Technology Research Council joining us as an anchor partner unlocking that compute power advanced research, applied research within AI and AI experts that are being supported within for our community of SAT.
Another anchor partner is Beco Capital, another investor that has been heavily working with us within our community, having a commitment of up to 1.8 million dirhams as a commitment for per AI startups that meet their criteria.
Outstanding.
Well, one of the things as we close out that really caught my attention yesterday was the move to life sciences and wow, very fertile ground it seems.
Yeah, it is, and especially with the, the, the region is growing to over 400 billion dirhams and $400 billion in terms of uh the market growth in that field.
I think in terms of the life sciences globally with positions ofbuhabi differently is the fact that.
The regulators are working very closely with innovators and enabling that value to be unlocked for our startups and within that specific vertical, that support from DOH Emirates establishment, and having the economic government in terms of focusing it on an economic strategy for the future that enables Abu Dhabi being positioned as a health innovation hub for all health tech startups and life sciences incredibly exciting.
Thank you so much for joining us and thank you for sharing all the insights.
Thank you.
It's a pleasure, pleasure.
So that is a wrap for us from Hub 71 impact event 2025.
Can't wait for next year.
Absolutely amazing to see the energy, all the innovation, the growth that's coming out of hub 71, and how they continue to scale and elevate hub 71 throughout Abu Dhabi and beyond.
However, we are coming up rapidly to Abu Dhabi Finance Week, ADFW 2025, December 8th through the 11th we'll be here, and much more to come from FinTech TV and the UAE.
