Abu Dhabi, UAE — Hub71, Abu Dhabi’s global tech ecosystem, and Al Yah Satellite Communications Company (Yahsat) on Monday announced a collaboration to accelerate startup technology adoption in satellite communications.
Yahsat will work with Hub71 community to advance technological innovations that support the development of the UAE’s mobile satellite capabilities.
The first contract resulting from the new partnership is an agreement between Yahsat and Hub71-based startup, Mental VR, a Virtual Reality (VR) software development company. Mental VR will provide its VR technology and deliver training programs for Yahsat personnel in remote locations.
The wider partnership between Yahsat and Hub71 will help identify technology startups that have the potential to advance the UAE’s space industry and strengthen satellite communication technologies.
Hub71 and Yahsat are both supported by Mubadala investment company. As part of the partnership agreement, Yahsat has appointed Hub71 as its Innovation Partner.
Hub71 startups will get to work alongside global experts from Yahsat and receive strategic mentorship to gain insights into satellite technologies and the space industry. Startups will also be able to explore commercial opportunities as part of Yahsat’s satellite and technology program.
“Our partnership with Yahsat reinforces our commitment to support tech initiatives that create impact for Abu Dhabi,” Badr Al-Olama, Acting Chief Executive Officer of Hub71, said. “Through this partnership, we will promote economic opportunities and strengthen the UAE’s growing position as a leading global hub for technological excellence.”
Ali Al Hashemi, Chief Executive Officer of Yahsat said that their partnership with Hub71 is aligned with their ecommitment to build local capabilities and enhance the national space economy through collaborations with the startup ecosystem.
“As two UAE entities with a foundational base in Abu Dhabi, we look forward to working together to create greater opportunities for the development and enhancement of the satellite services industry,” Al Hashemi said.
Since its inception, Hub71 has rapidly expanded its ecosystem, which is now home to almost 200 startups working across 20 sectors.
The global tech ecosystem has created a thriving business environment for founders with programs that promote increased commercial and fundraising opportunities.
Hub71 startups have raised AED3.2 billion from renowned investors globally and generated AED2.7 billion revenues since 2019.