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.
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.
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.
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.
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.
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.
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.
We fund technology based companies, whether in digital media, web and mobile platforms, disruptive business models or technology innovation.
Go to the application link and fill the form. The team will be processing the applications and we will get back to you:
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.
Oman, UAE, KSA, Bahrain, Qatar, Kuwait, Yemen, Iraq, Jordan, Palestine, Syria, Lebanon, Egypt, Tunisia, Libya, Morocco, Algeria, Tanzania, Kenya, Ethiopia, Sudan, Iran & Pakistan.
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.
No. You may leave whenever you wish.
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.
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.
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.
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.
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.
No, it is not.
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.