Shedding light on the successes of startups within its community, Hub71 hosted its third Abu Dhabi Decoded panel, that took place on the sidelines of the launch of its 2021 Impact Report.
Titled “Scaling up for success: Stories from the Hub71 community” the session was moderated by Badr Ward, Founder & CEO of Lamsa, and attended by Jihad Sadiq, Founder & Chief Visionary Officer of FortyGuard, Walid Dib, Founder & CEO of Hala and Victorija Aksionova, Founder & CEO of MindTales.
The insightful session provided four key takeaways:
- The role of technology in healthcare has become a mainstream with potential for further growth. The growing adoption of technology in the health sector is due to favorable consumer perceptions, and a successful regulatory environment that has made it easier for tech founders to implement Telehealth solutions in the UAE and the region.
- Ecosystems such as Hub71 operate across five key pillars: regulators, clients, innovators, investors and the community. Founders in the Hub71 community have the opportunity to add value by totality and competitiveness. Today, these founders are not only creating technologies that contributes to the UAE’s GDP and supporting the development of its overall tech ecosystem, but are also benefiting and contributing to the overall global GDP and tech industry.
- Capturing real time data allows founders to gain better insights that support the development of disruptive technologies to provide personalized services. Human intervention is crucial, and by combining AI and human expertise as well as intuition, startups can significantly improve the provision of services across many sectors.
- Many ecosystems around the world are well established when it comes to data policies, and substantial regulations have been put in place in the UAE and Abu Dhabi. Clients in the UAE are aware of existing data policies and how they should be implemented. This has attracted international data centers to establish their presence in the UAE, resulting in advancing a structure that serves tech startups to innovate in the country and grow the UAE’s economy.
To watch the full discussion, click here.