Tag: Oasis 500

Oasis500 Facilitates Investments In Jordanian Startups Dakwak & Masmoo3

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Oasis500, the MENA region focused early stage and seed investment program, has announced two new investment deals for Jordanian startup companies Dakwak and Masmoo3 from its first Angel Investment event, and that the program has also signed a partnership agreement with Akhtaboot.

Dakwak, the startup behind a tool that enables websites to translate their content into over 60 languages, and which was previously reviewed here, received an investment from IV Holdings, resulting in a 300% increase in the Company’s post money valuation.
Dakwak was launched in July 2010 by Waheed Barghouthi, and was incubated by Oasis500 in March 2011.  Waheed Barghouthi is currently CTO at the company, with fellow techie Zaid Amireh in the CEO role.

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Startup Pitch Session At MENA ICT Forum Organized By Microsoft And Oasis 500

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MENA ICT ForumMicrosoft Jordan and Oasis 500 will be organizing a Startup Pitch session during the MENA ICT Forum that is being held in Amman, Jordan on October 10th, 2010.

During the Startup Pitch Session, around seven of the top Jordanian startups will present their ideas to Corporate Vice President of Evangelism at Microsoft, Mr. Walid Abu-Hadba.

Abu-Hadba is responsible for Microsoft programs for Startups and Local Software Economy world-wide, in addition to Microsoft’s Cloud Strategy.

Ms. Rula Ammuri, Country Manager of Microsoft Jordan says that this session comes to show Microsoft’s commitment to supporting Startups in Jordan, helping them build connections with the company and grow their businesses.

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MENA ICT Forum 2010: 30 Tickets To Be Sponsored By Oasis 500

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MENA ICT ForumThe MENA ICT Forum 2010 taking place in Amman, Jordan on October 10-11, 2010; which we previously announced here, is building up to be quite the event; but there’s been one little problem for entrepreneurs, and that’s the high attendance price, with tickets costing US$1000 for Int@j members and US$1500 for non-members.

Oasis 500, the new ICT seed capital fund that was launched from Jordan, as an initiative designed to help entrepreneurs turn their ideas into businesses, though they’d lend a hand in getting entrepreneurs to attend the forum.

Oasis 500 will be sponsoring 30 free passes for entrepreneurs, so that they can get to spend two days with regional and global ICT leaders and key decision makers. These free passes are available through a video competition titled “Why should I be invited to attend the MENA ICT Forum?”

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Oasis 500, A New ICT Seed Capital Fund For Jordan’s Startups

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KAFDKing Abdullah II Fund for Development (KAFD) in Jordan is planning to launch a new ICT seed capital fund in two months with the aim of solving the problem of innovative new startups in the country that need to secure some early stage funding.

The new fund will be called Oasis 500, and the goal is for it to provide an initial capital of between $50,000 and $100,000 to 500 startups.  It will be mainly focused on funding new ideas, especially in media, online, content, applications and the service industry.

At this point, it seems that it’s still undecided though whether the fund will be expanded and made accessible to startups from outside Jordan.

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