Oman Technology Fund

What Oman Technology Fund does

Oman Technology Fund (OTF) is an Oman sovereign-backed venture capital entity headquartered at Knowledge Oasis Muscat (KOM 5, Ground Floor), established to position Oman as a regional technology and innovation hub under Oman Vision 2040. The firm operates three distinct investment vehicles spanning the startup lifecycle: OTF Techween, a 3-month pre-seed program providing $50K for 7% equity to 10 startups per cohort (two cohorts per year); OTF Wadi Accelerator, a seed/acceleration program providing $100K plus mentorship; and OTF Jasoor Ventures, a growth-stage vehicle deploying $500K to $3M with global market access support. Total committed capital is up to $150 million, sourced from the Oman Sovereign Fund.

OTF's go-to-market is application-driven: founders from 23 MENA, East Africa, Iran and Pakistan jurisdictions apply through an online portal, are screened over up to two months, and—if accepted—must be physically based in Muscat during the program. Accepted founders receive co-working space, mentorship from experienced entrepreneurs, legal/regulatory support for company registration in Oman, accommodation and transportation assistance, and exposure to regional VCs via an Investor Showcase near program completion. The business model is fund-style: equity participation (7% at pre-seed) and capital deployment across stages, with economic returns accruing from portfolio exits rather than recurring product revenue. OTF does not have disclosed revenue, and its headcount is stated as 11–50.

Name

Oman Technology Fund

Legal name

Oman Technology Fund

Website

https://otf.om

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

Oman Technology Fund is an Oman sovereign-backed venture capital entity operating Techween (pre-seed, $50K for 7% equity), Wadi Accelerator (seed, $100K), and Jasoor Ventures (growth, $500K–$3M) from Muscat, deploying up to $150 million across early-stage technology founders in 23 MENA and East African countries.

Ownership category

akta.pro rank

Product category

Venture Capital

NAICS

Portfolio Management and Investment Advice (52394), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investment Advice (6282)

akta.pro primary industry

SDG / Thematic Sustainable Investment Funds (FSANAJAN)

Keywords

• Venture capital fund
• Pre-seed investment
• Startup accelerator
• Growth-stage investment
• Sovereign-backed funding

Headquarters

HQ city

Muscat

HQ country

Oman

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Investment Returns / Equity Participation: OTF generates returns through equity investments in portfolio startups. In exchange for pre-seed funding ($50K), OTF takes 7% equity in newly established Omani companies. The fund invests across pre-seed, seed, and growth stages with investment sizes ranging from $50K to $3M.

Pricing tiers

Go-to-market motion2 records

Marketing channels4 records

Core offering

Oman Technology Fund (OTF) is a sovereign-backed venture capital fund that invests in technology startups across the pre-seed, seed, and growth stages through three programs: OTF Techween ($50K pre-seed for 7% equity), OTF Wadi Accelerator ($100K seed), and OTF Jasoor Ventures ($500K-$3M growth). The fund provides funding, co-working space at Knowledge Oasis Muscat, mentorship from experienced founders, and investor showcase events.

Product overview

Oman Technology Fund operates three distinct investment programs spanning the startup lifecycle as part of its $150 million committed capital: OTF Techween (pre-seed stage offering $50K funding with mentorship and co-working space), OTF Wadi Accelerator (seed/acceleration stage providing $100K funding with mentor support), and OTF Jasoor Ventures (growth stage with $500K-$3M investments and global market access). Together, these programs aim to position Oman as the preferred destination for national and international tech entrepreneurs.

Differentiator

Problem solved

Functional benefit

Brands

• OTF Techween: 3-month pre-seed fund program providing pre-seed funding ($50K), co-working space, and coaching/mentoring for 10 startups per batch.
• OTF Wadi Accelerator
• OTF Jasoor Ventures

Products and services

• OTF Techween A 3-month pre-seed fund program providing pre-seed funding of $50,000 in return for 7% equity share, co-working space, and a 12-week coaching/mentoring program. The program accepts 10 startups per cohort, twice per year (two cohorts annually), targeting early-stage technology entrepreneurs from 23 countries across the Middle East, North Africa, and East Africa.
• OTF Wadi Accelerator

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Shorooq Partners: UAE-based early-stage VC investing across pre-seed, seed, and growth stages in MENA tech startups. Directly comparable to OTF in stage coverage, geographic focus (MENA), and offering of mentorship plus capital to founders.
• Flat6Labs: MENA-focused early-stage VC and accelerator running seed programs in multiple MENA markets. Comparable to OTF's Techween and Wadi programs in providing pre-seed/seed capital, mentorship, and structured cohort programs.
• Hub71: Abu Dhabi-based tech ecosystem backed by Mubadala offering accelerator programs, VC funding, and co-working for founders. Comparable sovereign-backed structure, multi-stage support, and goal of positioning a Gulf city as a regional tech hub.
• Falak Startups: Egypt and MENA-focused accelerator and early-stage investor offering pre-seed programs, mentorship, and co-working. Comparable to OTF in targeting MENA founders, providing cohort-based acceleration, and connecting graduates to follow-on capital.
• ArzanVC: Bahrain-based VC investing across pre-seed, seed, and growth in MENA and Pakistan tech startups. Comparable geographic coverage and multi-stage strategy, including co-investment activity in early-stage Gulf and South Asian startups.
• Antler: Global early-stage VC with strong MENA presence running cohort-based pre-seed programs in multiple cities. Comparable in structure (cohort acceleration with small initial checks) and intent to capture founders at the earliest stage across many geographies.
• Nuwa Capital: MENA-focused early-stage VC investing in pre-seed and seed tech startups from offices in Dubai. Comparable multi-stage strategy, MENA focus, and structure of providing initial capital plus intensive founder support.

Broad incumbents

• Saudi Venture Capital Company (SVC): Saudi government-backed fund-of-funds investing in MENA VC funds and startups. Comparable sovereign-backed mandate, multi-stage capital deployment, and goal of stimulating domestic tech ecosystems through government capital.
• Mubadala Ventures: The VC arm of Mubadala Investment Company, a UAE sovereign wealth fund, making direct tech investments globally and regionally. Comparable sovereign mandate, large pool of capital, and national development objectives tied to technology sector growth.
• Oman Investment Authority: Oman's sovereign wealth fund, the parent entity of OTF. Comparable sovereign-backed mandate to drive economic diversification under Vision 2040, though with broader asset allocation across industries rather than tech-specialized.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/omantechfund

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments50 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oman Technology Fund