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The novel COVID19 has turned a global pandemic which haven't been seen for roughly a century, and has put enormous pressures on the healthcare system and the economy alike. The pandemic has caused a major economic ripple with the bulk of shops, restaurants and other services closed in the Sultanate of Oman
OTF has allocated USD 2.6m (OMR 1m) from Fund to immediately fund startups (SMEs) dealing with the day to day problems facing the Oman population and also invest in long-lasting solutions to fight chronic disease and pandemic situations
The purpose is to support and motivate the existing companies (portfolio and non-portfolio) to deal with the current crisis and encourage the youth to come up with high tech. ideas to facilitate remote engagement and care which can help the society.
Oman Technology Fund (OTF)