Oman Technology Fund
Investment Details
Investor Type
Venture Capital
Asset Class Focus
Venture Capital
Stage Focus
Pre-Seed, Seed, Early Stage, Series A, Series B, Growth, Late Stage, Pre-IPO, Buyout, Turnaround, Distressed
Geographical Focus
United Arab Emirates, Saudi Arabia, Qatar, Kuwait, Oman, Egypt, Tunisia, Libya, Morocco, Algeria, Lebanon, Bahrain, Jordan, Somalia, Iraq, Palestine, Sudan, Mauritania, Yemen, Syria
Industries Focus
- Technology
- HealthTech
- EdTech
- FinTech
- E-commerce
- Artificial Intelligence
- Blockchain
- Agtech
- Cleantech
- Big Data
- Internet of Things
- Media and Entertainment
- Virtual Reality
- Augmented Reality
- Information and Communications Technology
Investment Size:
50,000 to 3,000,000 USD
Investor Details Founded: 2016
Established in 2016, Oman Technology Fund (OTF) is a government-backed venture capital firm headquartered in Muscat, Oman. The fund aims to position Oman as a leading hub for technology innovation in the Middle East and North Africa (MENA) region. OTF focuses on investing in early-stage technology startups, providing them with the necessary resources, mentorship, and funding to scale their operations and achieve sustainable growth.
OTF operates through three distinct investment programs tailored to different stages of a startup's lifecycle. The 'otf Techween' program offers pre-seed funding of $50,000, targeting idea-stage ventures. The 'otf Wadi Accelerator' provides seed funding of approximately $100,000, supporting acceleration-stage companies. For growth-stage firms, the 'otf Jasoor Ventures' program invests between $500,000 and $3 million, with additional follow-on funding available. These initiatives are designed to foster a vibrant startup ecosystem in Oman and the broader MENA region, contributing to the development of a knowledge-based economy and the advancement of the information and communications technology (ICT) sector.
Through its strategic investments and support programs, Oman Technology Fund continues to play a pivotal role in nurturing innovative technology companies, thereby enhancing Oman's position as a preferred destination for entrepreneurs and investors in the region.
Requirements
- Technology-focused startups
- Innovative business models
- Scalable operations
- Strong management teams
- Potential for regional and global expansion
- Alignment with Oman's economic development goals
- Commitment to contributing to the knowledge-based economy
- Ability to leverage technology to address market needs
- Demonstrated product-market fit
- Clear exit strategy for investors
Contact
[Official Website Hidden]
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Portfolio Companies
- eMushrif
- Carzaty
- Voyager
- OpenESG
- SpotLight
Mentioned In
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