Hub71 has entered into a strategic partnership with Princeville Capital to promote ClimateTech innovation by supporting startups, paving the way for them to scale their technologies and make a global impact.
Recognising this need, Hub71 created a special ecosystem, Hub71+ ClimateTech that accelerates startup technologies by providing founders with the resources, connections, and opportunities necessary to thrive. This collaboration marks a significant milestone, as Princeville Capital will not only commit financial resources but also establish a physical presence in Abu Dhabi, bringing its expertise and dedicated team to the heart of Abu Dhabi.
Princeville Capital is a renowned investment firm specializing in growth-stage technology sectors, including internet, software, fintech, and green technology. With offices across Europe, the United States and Asia, Princeville Capital leverages global trends to drive sustainable growth through strategic investments. This partnership with Hub71 is set to accelerate the development of ClimateTech startups in the region.
Hub71’s partnership with Princeville Capital will focus on several strategic initiatives to bolster the ClimateTech ecosystem. The collaboration will attract and identify climate-focused startups through a dedicated sourcing funnel. It will also work on building a robust network of ClimateTech stakeholders, including regulators, corporates, investors, policymakers, and academic institutions. Support programs will be provided to startups, offering educational resources, mentorship, and value-creation opportunities. Additionally, the partnership will enhance awareness and foster community engagement through events, forums, and various activities.
We had the opportunity to hear from Joaquin Rodriguez Torres, Co-Founder of Princeville Capital, who expressed his enthusiasm for the partnership, highlighting its unique aspects. He emphasized that the Middle East, particularly the UAE, offers a fantastic opportunity to attract top talent and companies due to its stable environment and decisive leadership, which are crucial for the growth of ClimateTech startups. He also elaborated on the dual benefits of the partnership, noting that by joining the Hub71+ ClimateTech program as an anchor VC, Princeville Capital is not only investing in Hub71 startups but also participating in their sourcing and selection process. This collaboration will allow Princeville Capital to enhance the community with its expertise while benefiting from the thriving tech ecosystem in the MENA region.
