Techween Organizes Investors Day for 10 tech Startups

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


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