Lebanon Businessnews News

ICT boot camp in Beirut
Startups get funding, mentorship, investment
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Starting August 25, Bader and MIT’s mutual workspace, Co-Working +961, will host a five-day Oasis500 boot camp for early or idea stage startups. Oasis500 is an early stage and seed investment company founded in Jordan and acting in the MENA region.

The boot camp will provide resources for startups to succeed in building businesses in the fields of ICT, digital media, and mobile. The deadline for admission is August 18.

Candidates who complete the boot camp will be eligible for: Seed funding, working space, coaching and acceleration, access to a mentor network of professionals, and access to an angel investor network.

Catherina Ballout, Chief Doer Arab Startup Competition at MIT Enterprise Forum Pan Arab and co-founder of Co-Working +961, said they are expecting up to 60 entrepreneurs, most of which will be local talents.

The winning candidates in the first round will receive funding worth up to $20,000 each (cash and in-kind services), and a chance for a second round of investment from Oasis500 and the ability to pitch to angel investors.
Reported by Rana Freifer
Date Posted: Jul 17, 2013
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