We caught up with Simon Tkachenko, Partner at Modus Capital — a New York-born venture capital and venture builder firm, to talk to him about their recent partnership with Hub71 to launch a new venture builder program — Ventures Lab. The program is designed to enable early-stage founders from around the globe to develop successful and scalable startups from Abu Dhabi to the world.
Why have you chosen to establish a venture builder in Abu Dhabi?
One of the key appeals for this venture builder was the ability to partner with Hub71 — Abu Dhabi’s global tech ecosystem.
While we are able to offer full operational support to founders, including up to $450,000 in services and funding, Hub71 adds a number of non-equity-based incentives, providing successful applicants with access to its global network of corporate partners, and supporting founders with access to various world-class regulatory approvals through its strategic key partner, Abu Dhabi Global Market (ADGM).