Hub71, a global tech ecosystem based in Abu Dhabi, has officially established its first partnership in the United States with the New Jersey Economic Development Authority (NJEDA) aimed at facilitating the international expansion of high-growth startups across the Atlantic.
This memorandum of understanding was signed during the Abu Dhabi Investment Forum held in New York, part of an economic delegation’s visit to the United States.
Ahmad Ali Alwan, CEO of Hub71, remarked, “Technology is inherently borderless, and innovation ecosystems need collaboration to support founders’ global expansion efforts.
Our partnership with Choose New Jersey opens new avenues for international scaling by emphasizing the exchange of insights, talent, and best practices. Through this collaboration, we connect our ecosystems and empower ventures to access new markets and grow globally.”
Tim Sullivan, CEO of the New Jersey Economic Development Authority, added, “New Jersey, under Governor Phil Murphy’s leadership, is committed to establishing significant international partnerships to enhance investments in new sectors and further diversify its economy.
The NJEDA has developed effective tools to support innovative startups, and we are excited to work alongside Hub71 to promote promising opportunities in both Abu Dhabi and New Jersey.”
During his visit to the United Arab Emirates in April, Governor Phil Murphy toured Hub71, recognizing it as a gateway for startups aiming for global outreach.
The newly signed agreement with the NJEDA marks a significant milestone in Hub71’s strategy for cross-border expansion and reinforces its core mission to broaden the global footprint of startups originating from Abu Dhabi.
This agreement complements Hub71’s growing portfolio of international partnerships, including a strategic collaboration with the Japan External Trade Organization (JETRO) aimed at enhancing cooperation between the UAE and Japan.