Emirates Growth Fund and Hub71 Partner to Accelerate UAE’s SME Sector

Emirates Growth Fund and Hub71 Partner to Accelerate UAE’s SME Sector

The Emirates Growth Fund (EGF), the UAE’s flagship AED 1billion development fairness platform, and Hub71, Abu Dhabi’s global tech ecosystem, have signed a strategic Memorandum of Understanding (MoU). The partnership is geared toward advancing the development and competitiveness of small and medium enterprises (SMEs) and growth-stage firms within their respective portfolios.

Signed during Abu Dhabi Finance Week, the settlement establishes a coordinated framework to make investments development capital, broaden industrial pathways, and strengthen operational readiness for companies. The collaboration reinforces each entities’ shared mission to elevate the personal sector and assist the UAE’s long-term financial diversification agenda.

Capital and mentorship for scaling firms

Under the new framework, EGF and Hub71 will work together to deploy development capital and present strategic assist to high-potential ventures. The partnership combines Hub71’s ecosystem of high-performing startups with EGF’s monetary muscle, aiming to build a stronger pipeline of competitive, scalable enterprises that can contribute to the nation’s financial development.

Khalifa Al Hajeri, CEO of the Emirates Growth Fund, commented: “Our collaboration with Hub71 represents a natural alignment between two national platforms dedicated to supporting the UAE’s economic future. By combining our respective strengths, we are empowering SMEs and growth-stage companies to scale, compete, and contribute meaningfully to the nation’s diversified growth agenda. Hub71 is the natural home for Abu Dhabi’s founders and is strategically placed to support us in identifying growth-stage businesses.”

Strengthening Abu Dhabi’s financial clusters

The partnership also displays a broader strategy to strengthen financial clusters and deepen sector experience in Abu Dhabi. Hub71 has been instrumental in scaling specialist ecosystems and attracting global startups to the area. By leveraging EGF’s mandate to spend money on crucial sectors such as manufacturing, meals safety, healthcare, and superior technology, the collaboration goals to speed up the development of companies positioned to generate sustained national worth.

Ahmad Ali Alwan, CEO of Hub71, added: “Our partnership with EGF brings together Hub71’s founder-focused ecosystem with EGF’s growth capital and support for UAE-based companies. By combining our mentorship, programs, and network access with EGF’s scale-up capital, we can give high-potential ventures the pathway and confidence to grow sustainably. Announcing this collaboration at Abu Dhabi Finance Week reflects our shared commitment to enabling founders to build strong, long-lasting businesses.”

The Emirates Growth Fund, backed by the Emirates Development Bank (EDB), was established to bridge the funding hole for SMEs and present long-term capital to assist companies develop sustainably and innovate.

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