Business & Money | Sunday 14 July, 2019 11:17 pm |

The Oasis 500, the entrepreneurial arm of the King Abdullah II Fund For Development (KAFD), announced the launching of the Second Oasis Fund with the support and funding from the KAFD, the Jordan Fund for Entrepreneurship and the Arab Bank.

The fund aims to create a social and economic impact by investing in entrepreneurship of up to $100,000 to establish companies in the fields of technology and creative industries.

The investment covers a 6 month business acceleration program based on clear outputs, technical supervision and guidance services from highly qualified consultants as well as networking, management services and many other privileges.

The accelerator program ends with entrepreneurs presenting their projects to investors and leading environment partners for subsequent financing to help their companies grow. OISS 500 continues to support its investments after the acceleration period to contribute to the growth of start ups and raise the value of investments.

The announcement was made during the signing of an investment agreement in the second Oasis Fund on Sunday, in the presence of Minister of Digital Economy and Entrepreneurship Muthanna Gharaibeh, KAFD Chairman of the Board of Trustees, Alaa Batayneh, Chairman of the Jordan Fund for Entrepreneurship, Mohammad Jaafari, Deputy Managing Director of Arab Bank Randa Sadiq, and Chairman of Oasis 500 Marwan Jumaa.