Source: Mena Fn
Oasis500 has announced the launch of a second fund with support from the King Abdullah Fund for Development (KAFD), the Innovative Start-ups and SMEs Fund (ISSF) and the Arab Bank.
The second Oasis fund aims to drive social and economic change by investing up to $100,000 in effective entrepreneurs to establish startups in technology and creative industries, according to a KAFD statement.
The investment includes a six-month business acceleration programme, and a programme offering technical supervision and guidance services from 'high-level' mentors, among other services.
The programme will conclude with entrepreneurs showing their projects to investors and partners in order to receive post finance and help their companies grow, the statement said.