Oasis500, the Jordan-based leading startup accelerator and fund manager, has announced that it is launching a second fund to drive social and economic changes in the country. The new fund, set up with support from the King Abdullah Fund for Development (KAFD), Arab Bank, and the Innovative Startups and SME Fund (ISSF), will be made of $100K.

This investment encompasses a six-month business acceleration program aimed at ICT and innovative industrial companies. In addition, the initiative will also see “high-level” mentors offering technical supervision and mentorship to eligible startups.

Meanwhile, KAFD has released a statement acknowledging that at the end of the acceleration program, the participating startups and entrepreneurs will get a shot at demonstrating the merit of their projects to potential partners and investors. 

Not only that, Oasis500, an affiliate of KAFD, will remain committed to supporting the participants even after the acceleration program wraps up. The end objective is, KAFD added, to ensure that these next-generation promising startups can continue on the path of sustained growth while simultaneously adding more to their investment value.

Worth noting here is that since its inception in 2010, Oasis500 has invested more than $8.65 million in over 150 technology and creative startups across the country.

Jenan Al-Mukharriq

Jenan Al-Mukharriq

A highly driven organizing member of the StartUp Bahrain ecosystem. And a Project Manager at Matter In Hand with a passion for content creation and empowering communities.

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