Hub71, a global tech ecosystem based in Abu Dhabi Global Market Square, has partnered with OYO Hotels & Homes, the world’s fastest-growing chain of hotels, homes and living spaces. The hospitality chain will be offering select accommodation to startups that have been granted Hub71’s Incentive Packages.
OYO will lease, fit-out and manage residential units for Hub71 residents, offering both furnished and unfurnished units.
Mahmoud Adi, CEO of Hub71, said, “Hub71 is designed to support global startups during the most important phase of growth; furthermore, we’re delivering on our promise of building a solid ecosystem based on strong partnerships and collaborations with both international and local players. Through our partnership with OYO, we will offer free leases for startups with up to five employees for two years, and 50% subsidized leases for startups with up to 25 employees for three years.”
“Not only is Hub71 supporting startups with mentorship and improved market access, but we’re directly adding value to their bottom line. We are confident that our partnership with the global hospitality company will be monumental to the growth of Abu Dhabi’s tourism and tech scene,” he further stated.
Ritesh Agarwal, Group CEO and Founder of OYO Hotels & Homes, added, “We are thrilled to partner with Hub71, offering OYO’s standardized accommodation to startups. We understand that running a successful company demands razor-sharp focus on solving a problem, and with OYO as a trusted accommodation partner, the young entrepreneurs, founders and their families will have one less thing to worry about as they solve modern-day problems, while adding value to Abu Dhabi’s entrepreneurial ecosystem.”