StartUps

INNOVATION AND TECHNOLOGY STARTUPS REGISTERED

135

THE TOTAL MARKET VALUE OF STARTUPS

227.5

OMAN IS A THRIVING HUB FOR INNOVATION AND TECHNOLOGY STARTUPS: Home to a dynamic startup ecosystem, Oman offers a business-friendly environment backed by local and international venture capital, angel investors, and government initiatives. With a rich talent pool of entrepreneurial graduates and a strong support network of incubators, accelerators, and investors, Oman is the ideal launchpad for innovative startups to grow and succeed.
The exit rate for Omani startups is approximately 4 years. $41m is the total revenue of the startups. 24 incubator & accelerator programs for startups $520m VC funds are allocated to startups, as well as small and medium enterprises (SMEs). Top 10 MENA Startup Ecosystem in affordable talent provides the ability to hire tech talent. $84m is the total investment value in startups. The Cleantech, Industry 4.0, and Fintech sectors are highlighted for their density of talent, support resources, and startup activity

Looking

Ahead

Supportive Government Policies:

Pro-business regulations, incentives, and government initiatives that encourage entrepreneurship and innovation.

Access to Funding:

Availability of venture capital, angel investors, government grants, and other financial resources to support startup growth.

Incubators and Accelerators:

Programs and institutions that provide startups with mentorship, resources, and networking opportunities to accelerate their growth.

Research and Development (R&D) Infrastructure:

Strong R&D facilities, universities, and collaboration between academia and industry to drive innovation.

Skilled Talent Pool:

A diverse and well-educated workforce with expertise in technology, engineering, business, and other relevant fields.

Technology Adoption and Innovation:

A culture that embraces new technologies and fosters continuous innovation.

Access to Markets:

Opportunities for startups to access local, regional, and global markets to scale their businesses.

Collaborative Networks:

A vibrant community of entrepreneurs, investors, mentors, and industry experts who collaborate and share knowledge.

Entrepreneurial Culture and Mindset:

A strong culture that encourages risk-taking, creativity, and continuous learning, fostering an environment where innovation thrives.

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