FAQ

Grow Your Startup

Wadi Accelerator brings in a wide variety of experts focused on marketing, culture, startup accounting, product design, mobile, user testing, sales, and more. We’ll work together on your business and product strategy, growth and metrics, and investor pitches. We’ve built startups before. We’ll make sure you don’t make the same mistakes we did.

Get Expert Mentorship

You will be introduced to a network of regional and global mentors, and our staff, who will give you the most valuable resource a startup needs – advice. The Wadi Accelerator mentors will focus primarily on product, marketing and fundraising support.

Gain Access to Key Markets

Oman is perfectly positioned to enable startups to expand into the wider MENA region. Coming here for 3 months will help boost your regional expansion plans. Additionally, through our relationship with the Oman Investment Fund and the Oman Tech Fund, we can help facilitate introductions to potential partners and customers that wouldn’t be possible without the Wadi Accelerator.

Funding Opportunities

Being a Wadi Accelerator startup company will validate your business, and our network will help you connect with investors when the time is right. We’ll work together on your business and product strategy, growth and metrics, and investor pitches, offering you a great opportunity to meet and pitch people who might fund your dream.

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Take your startup to the next level

Join our 3-month accelerator program in Muscat

What is Wadi Accelerator?

Wadi accelerator is a 3-month seed fund program founded by Oman Technology Fund, and powered by 500 startups. The Accelerator provides seed funding, a co-working space and a 12-week coaching/mentoring program.

Who is Oman Technology Fund and 500 Startups?

Oman Technology Fund is an Oman sovereign fund backed entity that aims to become an innovation hub in the region and position Oman as the preferred destination for national and international tech startups. It has committed a total capital up to US $150 million to invest in three different micro-funds, namely:: Pre-Seed Stage, Seed Stage and VC Funds Stage. 500 startups is a VC Fund and startup accelerator program based on Silicon Valley. It has some successful companies in its portfolio including Credit Karma, Twilio, GrabTaxi, Ibsy, Udemy, TalkDesk, Intercom, ToutApp, and Mayvenn.

What stage is Wadi Accelerator? How much funding do Wadi Accelerator Companies receive?

We invest in Seed and Early stage startups. We accept one Cohort of 10 Startups annually. The startups receive a $100K ticket in return for 10% equity share. We also provide follow-on investments in select startups with proven traction performance of $100-400K. Wadi Accelerator provides an advisory based program, and does not take management participation.

What type of Companies do you fund?

We fund technology based companies, whether in digital media, web and mobile platforms, disruptive business models or technology innovation.

How do we apply for the program?

Go to the application link and fill the form. The team will be processing the applications and we will get back to you:

  • If your proposal got accepted, we will contact you to schedule a video conferencing meeting to discuss your startup and growth plan. If after the meeting you we are still impressed, we will progress to the deal.
  • If your startup is out of our scope and strategy, we will decline it.
How long does it take from applying to signing? When does the program start?

The selection process takes a maximum of two months. If you got accepted, we will immediately start the legal and regulatory process to register your startup in Oman. The first Cohort of the program is scheduled to start in July 2017.

What are the countries you are seeking?

Oman, UAE, KSA, Bahrain, Qatar, Kuwait, Yemen, Iraq, Jordan, Palestine, Syria, Lebanon, Egypt, Tunisia, Libya, Morocco, Algeria, Tanzania, Kenya, Ethiopia, Sudan, Iran & Pakistan.

What are the benefits for startup?
  • Mentorship: mentors, who are experienced startup founders, will be involved to help the startups to develop their strategies.
  • Learning Sessions: different sessions on building a lean startup, user acquisition and and, growth hacking, etc.
  • Facilities and Resources: Free use of our co-working space, and access to our partner’s resources (500 startups).
Do I have to be in the Wadi Accelerator location for the entire 3 months period?

Yes. It is required from accepted startups to be primarily based on site during the whole period of the program. This will help you take advantage of the benefits we provide such as learning opportunities, networking and coaching. Being part of Wadi Accelerator is a major commitment where you are expected to be around most of the time.

Do I have to stay in Muscat when the program ends after 3 months?

No. You may leave whenever you wish.

Can I apply if the founders of my company are not from Oman? Can you help in the Visa Process issues?

Yes. Anyone from the above mentioned Zones can apply. However, you do have to be legally in Oman during the program. Once you get Accepted, we will help with the legal process to get you here.

What else does Wadi Accelerator provide? Office Space, internet, legal, hosting, etc?

We provide co-working spaces that are connected to a fast wireless internet network. We will help you with sourcing suitable accommodation, transportation and any other needs that may arise, with minimal expense. We just want you to focus on creating a great competitive product.

How can we get funded after Wadi Accelerator finishes?

In Wadi Accelerator, we provide you with seed funding to help you going; however, you may need more funding to move to the next stage. Near the end of the program, we will organize a Demo Day where venture capitalists will observe and check out your technology and listen to your pitch. We will coach you to pitch effectively.

What sort of control will I be giving by granting equity to Wadi Accelerator?

Wadi Accelerator will be a Co-founder in the newly established Omani company. However, you will be running the whole show. We do not seek any controlling interests in your company.

Can an individual get accepted?

We strongly advise that you work within a team to be able to have a skilled balance team. You may have good business acumen, but you will need a developer in your team. Also, you may be a good developer, but you will need a good business person in your team. Balanced skilled teams will have higher success rate.

Is age a factor in the selection process?

No, it is not.

Do I need to have a business plan?

No, you don’t. However, you are required to fill the online application form.

@WadiAccelerator: $15M seed fund & accelerator program offering growth hacking tools, mentoring & investment in tech #startups.

Wadi Accelerator is here to provide you with more information and answer any startup related questions you may have.

We’re passionate about what we do. Let’s make something awesome together. Write to us and tell us about your project.

Wadi Accelerator
Mezzanine Floor, Services Building,
Knowledge Oasis, Muscat
Sultanate of Oman