Muscat, Techween �one of Oman Technology
Fund (OTF) investment programs� organized today an Investors Day in
Al Mouj Golf for the 10 tech startups who joined a 3-month training
earlier.
Techween has invested in 10 tech startups from Oman and abroad
in their pre-seed stage, which are: DataX (by eBrain), Crowd Media,
Zayr, Hadaya, WeAreVR, AskMe, Fast Movers, Ration App, TrackBees
and Wareed, with a general overview as follows.
Maha al-Balushi, CEO of Techween, stated: the participating
startups has joined an intensive training program in Oman and abroad,
in cooperation with NDRC institution. Support and guidance were
provided in both tech and commercial fields concerning developing
products, approaching customers and pitching investors. For each
startup, the fund has invested $50k and only generated %7 of the
partnership profit.
On his turn, Mohamed al-Rasbi, the Program Manager, highlighted
that: such events are remarkably great for investors since the main
goal is to introduce investors to those well-trained startups that are fully
ready to grow and attract investments. Therefore, growth prospects
and new markets will open up for them. We also aim at giving the
Omani youth an opportunity to establish their own tech companies,
promoting investments in them, providing jobs and marketing their
businesses regionally.
The training program held in Ireland with NDRC helped the startups
in developing and expanding their businesses and gaining relevant
experience and knowledge in order to enable them to enter the market
and support the national economy.
Source: Oman News Agency