Presight and Hub71 Launch AI Accelerator for 10 MENA Startups
Presight, a G42 company, has partnered with Hub71 in Abu Dhabi to launch a new accelerator program specifically targeting AI startups in the MENA region, selecting 10 promising companies for the initial cohort.
Program Overview
The newly launched Presight AI Accelerator, in collaboration with Hub71, is designed to empower promising AI startups. The program has already selected its first cohort of 10 startups, providing them with strategic support and resources to scale their innovations within the region's growing AI ecosystem. Located within Hub71 in Abu Dhabi, the accelerator leverages the emirate's position as a hub for technology and innovation.
Key Benefits for Startups
Startups participating in the Presight AI Accelerator gain access to a range of valuable resources aimed at accelerating their growth:
Potential Investment: Opportunities for investment from Presight and potentially other investors within the Hub71 network.
Integration with Presight: The possibility of integrating their solutions with Presight's advanced data analytics and AI platforms, gaining access to new markets and data sets.
Mentorship and Expertise: Guidance from Presight's experts in AI, technology, and business strategy.
Hub71 Ecosystem Access: Benefits of being part of the vibrant Hub71 community, including access to its incentives, partners, and global network.
Market Access: Support in navigating the regional market and identifying commercial opportunities.
Target Sectors and Focus
The program is sector-agnostic but prioritizes AI solutions that can drive impact across various industries. The initial cohort of 10 startups represents diverse areas, including:
Healthcare
Sports
Sustainability
Public Sector Solutions
Energy
Manufacturing
The accelerator aims to nurture AI technologies that can contribute to digital transformation and address real-world challenges.
About Hub71
Hub71 is Abu Dhabi's global tech ecosystem, established to provide a supportive environment for startups and tech companies to thrive. Located in Abu Dhabi Global Market (ADGM), it offers a range of programs, incentives, and access to capital and strategic partners, aiming to position Abu Dhabi as a leading global tech hub.
About Presight
Presight, a G42 company, specializes in big data analytics powered by AI. It focuses on leveraging data to provide actionable insights for various sectors, including government, public services, finance, and telecommunications. The company aims to drive digital transformation and enhance decision-making through its advanced analytical capabilities.
Looking Ahead
The launch of the Presight AI Accelerator signifies a continued commitment from major players like Presight and Hub71 to fostering the AI startup landscape in the MENA region. The program is expected to provide a significant boost to the selected startups, helping them develop, scale, and potentially integrate their innovations into larger commercial applications, further cementing Abu Dhabi's role in the global AI map.
Source: Middle East AI News