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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

OTF launches Wadi Accelerator Programme

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Oman Technology Fund (OTF) launched this week Wadi Accelerator Programme, an innovative three-month startup programme that brings together regional talent and global expertise.


OTF was launched by Oman Investment Fund (OIF) in October 2016, and has partnered with 500 Startups, a San Francisco-based VC fund and global accelerator network, to train and accelerate growth of selected technology startups.


OTF is committed to supporting entrepreneurship in the MENA region and has been playing an increasingly vital role in supporting growth of promising startups and emerging technologies in the MENA region and beyond.


“We look forward to welcoming the new cohort in Oman as we inaugurate our initiatives and commitment to supporting tech innovation, startup growth and implementation of best practices from around the world,” Sharifa al Barami (pictured), Manager Director, Wadi Accelerator said. “The selected startups have high growth potential, and we are certain the accelerator programme will propel their teams and position them for the next stage of development.”


“We have partnered with 500 Startups to bring their global expertise and experience to train and support the growth of promising regional startups,” Jalal al Hhadhrami, Programme Manager, Wadi Accelerator said.


500 Startups, the most geographically diverse early-stage VC fund in the world, has been active in the MENA region since 2012. The Silicon Valley-based fund has vast global experience investing in and supporting early-stage startups and founders worldwide.


“As this is our first programme in Oman, we will work closely with the Wadi Accelerator team to ensure the long-term sustainability of the programme” says Sharif el Badawi, Partner at 500 Startups. “We strive to focus on capacity building and knowledge transfer, not only for the startups, but also for the local team running the programme. Our programmes are designed to help the startup teams to develop their product and accelerate growth, as well as help build sustainable programmes that support the regional ecosystem.”


The startups selected for the inaugural programme represent data, Edu Tech, food tech, Security and safety sectors.


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