Abu Dhabi’s Hub71, AIQ partner to accelerate AI-driven transformation of the energy industry

Hub71, Abu Dhabi’s global tech ecosystem, is to partner with AIQ, the Abu Dhabi National Oil Company’s (ADNOC) artificial intelligence (AI) joint venture with Group 42 (G42), to explore the development of new AI solutions that support a sustainable energy future.

Under the agreement, both companies will accelerate the development of digital technologies to unlock greater value from oil and gas operations and define a more sustainable and carbon-efficient future for the oil and gas sector.

Through this partnership, Hub71 will be able to connect AIQ to its tech ecosystem and organise one-on-one meetings with entrepreneurs developing future energy technology solutions for the oil and gas industry. In exchange, AIQ will provide them access to its E-Novus platform, which is a data management tool for oil and gas companies looking to expedite their digital transformation and energy transition.

Our partnership with AIQ will pave the way towards a sustainable energy future for the oil and gas industry, positioning Abu Dhabi as a leading hub for innovation.

Find out more here: https://t.co/Tvp2Nlp9De pic.twitter.com/cExBsvezCH

— Hub71 (@hub71ad) June 7, 2022

AIQ will also take part in Hub71’s The Outliers programme, which consists of a series of challenges set by corporations and governments for startups to solve, as well as Hub71’s mentorship programme, which aims to promote knowledge exchange around tech-enabled solutions with the potential to be commercialised in the global energy market.

Badr Al-Olama, acting chief executive officer of Hub71, said: “Tomorrow’s world will be driven by AI technology that continues to enhance and transform many economic sectors like energy and industry. Our partnership with AIQ comes at a time when we are attracting tech startups to the nation to deepen the expertise and knowledge, while promoting a net zero future for all.”

Omar Al Marzooqi, chief executive officer, AIQ, added: “AI solutions are critical to the future sustainability of the oil and gas industry. AIQ’s collaboration with Hub71 will enable a strong networking platform for Hub71’s startup tech companies to participate in ADNOC’s and the wider oil and gas industry’s digital transformation and support the growing status of Abu Dhabi as a global center for next generation industrial development.”

Meanwhile last month, Hub71 accepted 16 startups to join its community as part of accelerating the emirate’s position as an innovation hub.

Read: Abu Dhabi’s Hub71 welcomes 16 new startups to join ecosystem

The accepted cohort includes early-stage startups with representation from technology hubs including the UK, US and South Korea.

Also read: Hub71 leads Dhs1.5bn investments for Abu Dhabi startups