• Venom Foundation and Hub71 have partnered to accelerate growth and adoption of blockchain technologies in the Middle East.
• The collaboration will provide startups and enterprises with enterprise-grade solutions and simplify blockchain adoption.
• Iceberg Capital, a regulated investment manager, is assisting both parties in their common objectives.
Venom Foundation & Hub71 Partner for Blockchain Adoption
Venom Foundation, a Layer-1 blockchain licensed by Abu Dhabi Global Market (ADGM), has joined forces with Hub71, Abu Dhabi’s global tech ecosystem, to support startups as well as enterprises with business development, digital asset regulation, blockchain adoption and related technologies. This collaboration between two industry leaders aims to raise industry standards for incubation, acceleration and grant programs while helping MENA region transition into Web3 space.
Collaboration to Accelerate Blockchain Growth
The Venom-Hub71 partnership will focus on accelerating the growth and adoption of blockchain technologies in the Middle East and North Africa (MENA) region and beyond. As part of the partnership, Venom Foundation will deploy its venture capital expertise to help startups grow from Hub71+ Digital Assets while onboarding local and international startups into the same specialist ecosystem. Startups will be able to benefit from value-add programs offered by Hub71 along with incentives such as free consulting services or access to specialized resources like venture capital funds.
Commentary From Industry Leaders
Peter Knez, Chairman of the foundation council at Venom Foundation remarked: „Collaboration is the key to unlocking the full potential of emerging technologies. We are proud to have struck such a great collaboration here in Abu Dhabi that can help businesses build a better future.“ Elodie Robin Guillerm, Head of Growth and Strategy at Hub71 added: “We are excited to be collaborating with Venom Foundation which will enable us to offer our member startups an array of benefits ranging from enterprise-grade solutions for their projects through more advanced Web3 capabilities.“
Benefits For Startups
Startups joining this program stand to gain multiple advantages such as assistance with business development activities & digital asset regulations through Venom’s expertise & knowledgebase; direct access to leading Web3 entities; free consulting services or access specialized resources like venture capital funds; various value add programs & incentives offered by Hub 71+. Furthermore they get opportunity transition into Web 3 space through use of Venom’s first Layer 1 blockchain platform that has been licensed by ADGM (Abu Dhabi Global Market).
In summary, this partnership between Venom Foundation & Hub 71 provides an ideal platform for MENA based firms looking for assistance transitioning towards disruptive blockchain technology applications as well as established companies seeking enterprise grade solutions for their projects.