Oman Tech Fund And 500 Startups Launch Wadi Accelerator
By Entrepreneur ME staff - Image Credit: Shutterstock
MENA entrepreneurs, here's a new accelerator to help you execute the business idea that you have been mulling over. Oman Tech Fund (a fund powered by Oman's sovereign fund) and global startup accelerator 500 Startups have partnered to launch Wadi Accelerator, a US$15 million seed stage program open to upstarts from the wider MENA region. Led by Managing Director Sharifa Al Barami, the four-month program "will primarily invest post-product [in ideas] with some user traction and evidence of product/market fit."
Open to enterprises across sectors, Wadi Accelerator provides access to mentors, training sessions on building a startup, user acquisition, growth hacking, etc., and also offers the teams access to their co-working space and partner (500 Startups') resources. According to a statement, Wadi Accelerator is funded by OTF (which will oversee startup selection and investment), and the program's curriculum will be powered by 500 Startups. The program's first cohort will culminate in a Demo day open to investors from across the region, expected to be in March 2018.