Hub71, Abu Dhabi’s global tech ecosystem, has announced a strategic partnership with Unicorn Factory Lisboa, an initiative of the Lisbon City Council. This collaboration aims to create a powerful bridge for innovation and entrepreneurship, connecting the vibrant startup landscapes of the United Arab Emirates and Portugal.
This alliance is a key component of Hub71’s broader strategy to establish a robust innovation corridor between the Middle East and Europe, providing founders with unparalleled access to new markets, capital, and significant growth opportunities.
A Framework for Global Expansion
Under the agreement, Hub71 and Unicorn Factory Lisboa will develop a coordinated framework designed to empower startups to scale internationally. This will be achieved through the provision of shared resources and streamlined market access for companies in both ecosystems.
The partnership includes several key initiatives such as startup exchange programs, mutual promotion of ecosystem activities, and joint market-entry pathways. These programs will offer founders in Abu Dhabi a clear route to expand into Europe, while providing Portuguese startups with a strategic gateway to the UAE and the wider MENA region.
Shared Vision for Global Tech Hubs
The collaboration is built on a mutual ambition to cultivate world-class technology ecosystems that support startup growth and international expansion.
Ahmad Ali Alwan, Chief Executive Officer of Hub71, stated, “Lisbon has established itself as a leading center for innovation and entrepreneurship. Our partnership with Unicorn Factory Lisboa stems from a shared vision and ambition to build global tech ecosystems. Through this collaboration, we aim to empower startups by creating new pathways that support their growth and expansion.”
Gil Azevedo, Executive Director of Unicorn Factory Lisboa, added, “This partnership provides a bridge connecting our markets, offering startups from both ecosystems unprecedented access to the Middle East and Europe. It brings together two of the most advanced tech ecosystems, global infrastructure, and active investment communities. We are ready to provide our founders with the opportunity to connect with Hub71’s distinguished network and benefit from the opportunities it offers.”
About Hub71
Hub71 is Abu Dhabi’s global tech ecosystem that enables founders to build globally enduring homegrown tech companies in any sector. By providing access to a global network of partners, a community of founders, and a platform of programs and initiatives, Hub71 is creating an environment where entrepreneurs can thrive.
About Unicorn Factory Lisboa
Launched in 2022 by the Lisbon City Council, Unicorn Factory Lisboa is a hub of programs and hubs for startups, scaleups, and unicorns. The initiative aims to support entrepreneurs through incubation, acceleration, and scaling programs. Since its inception, the initiative has supported over 820 startups with a combined valuation exceeding one billion euros.
Source: Al Ittihad
