Jordan-based accelerator Oasis500 will be investing $100,000 in eight startups from its new cohort.
These include AlHaq, TakalamTech, Jordilight, FITELY, Pi Pharma, ByrdByte, Quiq Claim, and Tanda and operate across healthtech, energy, as well as hardware and fintech.
"We are excited that our family is getting bigger in these tough times,” said Luma Fawaz, CEO at Oasis500. “We continue our journey, despite the coronavirus pandemic, in supporting entrepreneurs and increasing their investment readiness. We also can't wait to showcase the graduates from our first cohort and their path to growth during our upcoming Digital Demo Day at the end of this month."
Oasis500 received 907 applications from startup founders, of which only 16 candidates were nominated to pitch their startups to an investment committee made up of five experts from the financial, commercial and technical fields, who selected the eight finalists eligible for funding.
“It was a great opportunity to be part of the selection process for this cohort in which a great level of skill, innovation, and diversity was displayed. A strong pipeline of startups led by ambitious and dedicated entrepreneurs culminated in a healthy competition and made the selection a close call. Wishing them all an enjoyable journey to success,” said Jameel Anz, investment committee member.